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I've had my shares in a sell hold since this went south.
I wouldn't sell them for under value yet. Luckily I got in low, so I can hold and just take the loss of the transfer.
who knows, maybe we will come out on top here...
NewTrader2017 - Not ignoring. Don't have official membership to this page so can't respond to direct messages.
I really have no idea if this will come back. I'm hoping for the best, but do not have any clue what is going on behind the scenes. Many say this stock is dead, some think they will get current.
My fingers are crossed, and since no one is buying, I still have all my shares. Luckily I wasn't deep in this one, so it's play money. Feeling for those who are caught with a heavy loss.
I keep my eyes open, so if I see any info on this, I will let you know.
GLTA
"Whistles"
.....Someone buy my shares.....
K thanks, bye!
I know... it is very unclear as to what the actual status is when they release the yearly and say only 3 have sold.
My theory is that there are conditional clauses on the sales that have already been completed. One that potentially states the deal is only official once approval from the ministry has occurred. That makes the most sense to me. We've already seen our cars on the production line, so we know more than 3 have been created.
I'd like to see an update google satellite imagery of our production base and see if we are doing a stockpile in a lot like most car companies do.
Pretty sure that's not how it works... China's population is much bigger than the states... I am sure that they are not "walking around" to crime scenes.... but anyhow...
Just to confirm what I know, here is the translation of an article I read earlier: http://www.escn.com.cn/news/show-451002.html
Zhangjiakou police donated new energy vehicles can not be on the road official: has been sealed
Author: China Energy Storage Network News Source: surging News Published: 2017-8-12 16:31:40
China's energy storage network news: August 11 at 10:18, Zhangjiakou City, Hebei Province Public Security Bureau official WeChat public "Zhangjiakou public security" pushed an article entitled "social entrepreneurs to the Municipal Public Security Bureau donated police with new energy electric Car "article.
The surging news received netizens broke the news that this new energy electric vehicles are not yet in the Ministry of Industry, "new energy vehicles to promote the use of recommended models directory", and even questioned as low-speed electric vehicles, so do not have the qualifications.
In this regard, Zhangjiakou City Public Security Bureau to the surging news confirmed the broke the news, and said that the vehicle has been temporarily sealed, to be completed after the use of procedures.
In accordance with the current state on the new energy vehicle production and management of the relevant provisions, not included in the Ministry of Industry, "new energy vehicles to promote the use of recommended models directory" models can not apply for motor vehicle registration, can not travel on the road.
City Public Security Bureau: donated new energy vehicles can not be on the road, temporarily sealed
"Social entrepreneurs to the Municipal Public Security Bureau donated police with new energy electric vehicles," the article said, "Recently, Jinbo Investment Holding Group to (Zhangjiakou) City Public Security Bureau donated 10 police new energy vehicles, and the first time distribution To the special police detachment, patrol detachment and other grassroots teams, to further enrich the front line of sophisticated equipment. Municipal Public Security Bureau deputy director Zhang Yasheng, Jin Bo manager Wang Yan, and (and) the relevant person in charge of the donation ceremony.
In addition, the article also mentioned, "Zhang Yasheng, deputy director of the recipient on behalf of the statement, expressed his heartfelt thanks to the donation of Jin Bo, and hope that the recipient unit to the donation ceremony as an opportunity to put the work of the base point , To maintain law and order and to prevent all kinds of crimes, continue to bear a good maintenance of social stability, promote the overall situation of the major responsibilities of harmony, and actively create a good social security environment for the city 's economic development to make new and greater contributions.
August 11 afternoon, Zhangjiakou City Public Security Bureau official told the surging news reporter, received 10 police with a new energy electric vehicle is Jinbo Investment Holding Group (hereinafter referred to as "Jinbo Group") through Zhangjiakou City letter Bureau to the municipal government after the report, approved by the Public Security Bureau, and in the morning of August 7 donation ceremony, by the special police detachment, patrol detachment and other grass-roots team to receive, is not officially used.
The responsible person also said that by understanding, the new energy to receive the electric car for the "Jin Bo Zhong Ji Ming foreign low-speed new energy vehicles," by the Jin Bo Group affiliated enterprises in the Ming-ming, the new energy Technology Co., Ltd. production.
On the outside world questioned whether the new energy electric vehicles can legally on the road, the official said, Zhangjiakou City Public Security Bureau Equipment Finance Department confirmed by Jin Bo Group, the group production of new energy electric vehicles are currently trial operation stage, has not yet been included in the Ministry of Industry "New energy vehicles to promote the use of recommended models directory", Jinbo Group is also in contact with the relevant procedures for the early entry into the directory.
The person in charge also revealed that Zhangjiakou municipal government deputy mayor, city public security bureau director Yao Aiguo has asked for such vehicles to be sealed, to be completed after the use of procedures.
In accordance with the current national regulations on the production of new energy vehicles, not included in the "new energy vehicles to promote the use of recommended models directory" models can not apply for motor vehicle registration, can not travel on the road.
Media Disclosure: Zhong Ji Ming Yang currently only produces low-speed electric vehicles
Surging news query found that Jinbo Group had also had a similar to the local public security organs donated new energy vehicles activities.
According to China Network reported that on June 24, 2017, Shenzhen Jinbo Holding Group held in Nanning, China? ASEAN "along the way" Shenzhen Jin Bo Investment Holding Group, a new generation of electric car press conference. At this press conference, Jinbo Group not only to the participants in all aspects of the Group's development plan, and demonstrated its green, environmentally friendly new generation of electric vehicles. In order to express the tribute to the maintenance of social stability in Guangxi on the front of the public police officers pay tribute, but also held a donation to the public security organs, "a new generation of electric vehicles," the ceremony.
The company is located in Bao'an District of Shenzhen, with a registered capital of RMB 100 million. Its business scope includes information technology products, equity investment, corporate image planning, etc., which is a wholly-owned subsidiary of Shenzhen Jinbo Investment Holding Group Co., Company, the legal representative of Wang Dequn.
Public information shows that "Jin Bo Zhong Ji Ming Yang low-speed new energy vehicles" by the Ji-ming Ming Yang New Energy Technology Co., Ltd. (hereinafter referred to as "Zhong Ji Ming foreign company") external sales.
Zhongji Ming Yang company in March 2015 incorporated in Beijing. To November 17, 2016, the company shareholders change, Jinbo Group and Wang Dequn shares, the legal representative also changed from Han Zhiming {to} Wang Dequn.
In addition, the company's official website, said the company launched a named "Zhong Ji Ming Yang V3 MT Zhilian II navigation version of" electric cars, "the car is the use of Chery production qualification, by the Chery Kay wing V3 platform Evolved from the shape of the fuel version of the Chery Wing wing V3 is generally no two.
However, "Securities Times" reported in July this year, the Ministry of Industry this year from January to July, "new energy vehicles to promote the use of recommended models directory" and the past directory, "Zhong Ji Ming Yang V3" is not in the column. The report also pointed out that the high-speed electric car SUV is still in the research and development stage, the current low-speed electric car sales have started.
According to the new financial network reported earlier, low-speed electric car is not currently clearly defined, generally refers to the speed of 70 km or less, the use of pure electric power of the four-wheelers, the market price of 10,000 -3 million between. Although low-speed electric vehicles are also battery-powered, but does not belong to the Chinese government-defined new energy vehicle category.
I believe they only donated 10 police cars, however, they are not on the road because they have not been approved by their ministry as roadsafe. That designation is what is hindering everything from what I can see.
There was an article that came out last year regarding the police cars. In the Yearly report, they said they have only sold 3 cars officially, as they cannot sell without that approval. Hoping it happens soon!
All they need is that approval and all the sales will be processed.
It's interesting that all the cars that were delivered to the police as a donation are still not allowed on the roards... a very bizzare gift to give. Maybe it was to entice the lawmakers to include them in the list of approved vehicles.
Amended Quarterly out after hours.
A little bit of searching and you would find Mario is also the president of an Exotic Auto Parts store....
https://www.linkedin.com/in/mario-parravano-5a694111/
https://www.exoticautosandparts.com/
Look closer at the location and you will see it's out of the same address as Supreme Sweets in Toronto.
Thus, the Ferrari in front of the builidng.
I'm not sure I get the value of this offer....
Essentially they are offereing a 1000 common FLSR shares to 1 Pref C share, which converts to 3 Common MLCG. That would mean that 1,000,000 shares of FLSR would convert to 1000 Preferred, and then if you convert those into MLCG common, you would have 3000 Common MLCG.
The current PPS value of MLCG Common shares is $0.0001. So we would take our FLSR shares in the millions and reduce them down to the low thousands at the same share value??
Does this make sense? What value does this have to any shareholder?
Good morning JBZY!
Has anyone communicated with RO lately?
Curious to see if he is still stating he is no longer working with JBZY.
Come on ED!
Your timelines are a myth at this point.
Am I reading it right that there are currently only 30.6 Million shares outstanding?
https://www.cnbc.com/quotes/?symbol=FLSR
How come we have not seen any copies of these emails??
Give it some time... its still on the greys... we might see another push over the next couple of days.
I'm still sitting on shares I was hoping on offloading as well.
No trades since 2 PM :(
Thanks
May I ask what you sold at?
are you selling at 0.0001 or higher?
Sorry, new here. How does one put an order in on the Grey Sheets?
So then it will be back to business tomorrow then?
I think we could be close.... They did mention it was about 3-4 months of work to get current, which is the period we are in now.
Keep in mind the suspension is lifted only tonight at 11:59 PM. It will not be open for trading until tomorrow, IF (and only if!) the company complied with all that was required of them.
As per the statement "Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at
the termination of the trading suspension, no quotation may be entered relating to the securities
of the subject companies unless and until the broker or dealer has strictly complied with all of the
provisions of the rule."
I'm not sure if the company has done that.... not sure if we will find out either.... I guess if the suspension stays, we will know.
Anyhow... It does not seem like this ticker is completely dead. I wasn't playing with a crazy amount of money on this one, so I'll stick to it and hope for the best.
Thinking we might get another after hours PR.
I wish he wouldn't wait and watch the rally Friday afternoon.
That is pretty funny.
Smart guy. We should start a GoFundMe for RO to keep him current :)
LOL. I'm not going to screengrab an email when I just copied and pasted his exact response.
If you doubt, send him an email yourself. He responded in about 5 minutes.
RO response to me 5 minutes ago...
"Hello ,
Thank you for your warm wishes. I’m no longer acting in any formal capacity with the company, so please forward all questions to them."
Hmmmm.... I think we just lost our last link between the company and North America....
Thanks!
Anyone have RO's email?
Thanks in advance.
Anyone know why there is a Yield sign still? Are we not current?
Is this the standard after a late file?
Does anyone know or have a link to where the licensing approval would be listed?
Does this exist?
Understood. I noticed on their images online that they have package branding for Timothy's Coffee Shop which is a fairly large scale shop here in Canada. Not sure if they are in the US or not, but it's good to see their products used on a 40-50 franchise distribution.
From what I have heard from Sal, TruFood doesn't actually exist... It is a concept, with no stores, and no real business. I'm still a bit skeptical on this announcement because the acquisition is showing there should be value with a new company, but that company is not real, so it's fake value.
Supreme Sweets is a real company based in Toronto (where I actually live), so I can verify there will actually be some bones to the company now. TruFoods is not a franchise anywhere, but rather a concept.
Either way, I'm hoping for something good. Not sure where their business sells products to. Perhaps I'll stop by the office sometime.
It's a bit baffling, I agree. Just being optimistic....
I guess we won't know until everything is released.
Well we know RO is involved and has been to the head company in China as per photos that are floating around. He met with key people, and is still representing. I don't believe he's part of a scam or I am sure he would have left on his own accord.
Still holding out for something good!
Do you think this is the Canadian acquisition they were talking about?
I know the Fins state that there have only ben 3 cars sold, I think it's important to remember that it does not mean they have not built more, and are continuing to build. There is a market for this, and once approved, I am assuming the sales that have already been established will be actualised immediately. Think of it like Tesla.... how long have people been waiting for their new cars to arrive? The car had already been created, but production was slow and people had to wait years and are still waiting to receive the finished product.
It is obvious that there were job postings online for Sales managers, directors, etc, all on the sales side, not to mention the production side. This means they are still producing cars. It makes sense to build inventory prior to shipping, provided they have committed buyers. If they are just awaiting the approval, I'm willing to wait with them. As soon as this is approved, expect an exponential increase in revenue and sales to be identified.
Pretty sure there is bad blood between Sal & Greg....
"The new direction of the company is outside Mr. Rincione’s skill set. We wish him the best in all his future endeavors,"
Who says that in a PR!?? LOL.
Poor Guy. Oh well... onwards and upwards. Hopefully people leave Sal alone now :)
Thoughts exactly... would love to buy some more at this price!
I think you hit the nail on the head.... this sounds more like either a clerical issue or and uplist application in light of a renewal, to which the process took longer than the renewal, making us miss the deadline, and have to reapply for renewal before an uplist.
Not sure that makes sense, but I think it possibly does.
Well, the deal was already closed for the aquisition, was it not? This now means that Bridgeport is officially FLSR. I don't see the value of having a dead ticker under your belt, so it is in your best interest to work with what you have to get it current. The beauty is, Everette is the acting CFO, and he should be holding the financial history of the company, so it shouldn't be too difficult to get this done... just may take some time.
Me neither. I'm not sure if this is with the SEC or Finra.
Due time we will find out.