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That is completely incorrect. Someone did go to China. And they did meet with MR. Han Zhiming. They did NOT discover the company is a scam. FAR from it!
You should go to China too to confirm the DD. The company is very much real and HUGE! This is actually why they haven't said a word in so long imo! They don't need to pump this stock. They have much bigger plans and will come out with a BANG when they do! And that bang will not be for the OTC I can bet!
Whether we all here will benefit from that BANG is yet to be seen!
Find will not be coming until Q1....imo
Do some DD or at least get someone to do it for you....I'm speaking from a place reasonable doubt!
I think Wang should pay RO. Imo, Wang CANNOT move forward in the US with a lawsuit on his hand....
Unless, he is ditching this shell all together, which I have always said is possible. But even so, if he has legal action against him he CANNOT do an IPO even he wanted to. A true IPO would certainly mean he is ditching this shell.
All imho.
Uh ohhhh......
Sell off is not over yet..... Mark it!
To all the longs and shorts who have already covered:
We are bag holders of JBZY. Maybe a good thing or a bad thing depending on what financials are released, when they are released or IF they are released to us.
Looks like most in the SBC have given up on expecting anything from the company and accepted their fate as bagholders now.
Check this out, could a ZJMY's battery manufacturer.... As per the SBC
http://www.soul-battery.com/en/
Seems like the SBC is preparing for a chitty annual report.
New DD.... Battery manufacturer discovered for ZJMY...as per SBC..
We will soon find out....
Lol...if you think they can disclose JBZY ownership of Long Star in China, when they havent disclosed that in the filings yet here in the US, you don't fully understand requirements laid out by the regulatory authorities in either of the countries.
ZJMY is now publicly traded in the US under JB&ZJMY Holding Co or "JBZY". They cannot disclose JBZY ownership of Long Star in China simply because it needs to be in the filings here as well. It will happen at the same time.
ZJMY has been a shareholder of Long Star as far back as I can remember...in one way or another.
Han Zhiming is the current president of ZJMY (this has been CONFIRMED in person within the last week). It is clear that he is now 10% shareholder of Long star. JB&ZJMY Holding co also know as JBZY owns the remainder of share of Long star (which happens to be 27.7%, if you do that math from a link I had previously posted). Obviously, they can't disclose that ownership to the public just yet. It will appear once we also find out, imo.
This will be my last post responding to people like you.....
Know what you need are real photographs from due diligence done in China. But you must not have them because you don't do any real due diligence.
GLTY
Yes I truly hope that it's taking them this long because they're trying to produce audited and Consolidated financials. I'm sure we'll find out soon enough.
As far as the long star ownership goes, firstly it has been pointed out by some that if you add up the percent ownerships of all the three shareholders for Guangxi, it doesn't add up to 100%. 27.7% is missing.
Now the speculation is that they wanted to clean up the accounting of it to satisfy some NASDAQ listing requirements and/or sec comments perhaps. If you recall ZJMY China was merged into JB&ZJMY holding company as per the resolution filed with wysos. And all the assets and liabilities of ZJMY became assets and liabilities of JB&ZJMY holding company. So technically ZJMY china shouldn't exist anymore since it became one with JB&ZJMY HOLDING COMPANY, so to speak.
The thinking there is that they removed ZJMY ownership for long star, gave han zhiming 10% and the remaining 27.7% belongs to JBZY. And they cannot disclose that there for obvious reasons right now. But you could argue why did it take them so long to change that then?
I don't know why that is. Maybe this is a sign we are very close to a sec filing?But all this does seem somewhat plausible.
Do you think the annual report will come out this coming week? And what is the likelihood the financials will be audited and consolidated? Or do you think they will release audited and consolidated financials only in Q1?
I'm not sure if you came across the following link but if you recall ZJMY had 37.7% ownership of Guangxi long star. Correct? Now it seems like ZJMY has been replaced by Han Zhiming with 10% ownership.
https://m.tianyancha.com/company/2354253188
What do you think it's going on?
Exactly!
Lollll.... Don't get sour now...
Not 100% sure... But my gut says yeah they are coming out. What do you think?
I do not understand the point of keeping all the DD within a private group. Do you not want the investor Community to find out if you truly believe in your DD? I agree most here are only present to tro*l and ba*h... But you are deterring potential investors from this stock by keeping it all amongst yourselves, especially given the fact that the company is absolutely silent. You can choose not to respond to some people's negative comments. But keeping it amongst a small group of people is just plain Stu**d.
But do as you please I guess.
Well now then I would love a party. Sadly though one of people you know that was informing is out of your group. You guys are brutal!
That's it for me. Chao.
Han Zhiming was gagged, i believe, by the people who actually know something about the stock, i.e. higher up management. He does not know anything but is simply in charge of the charge/swap station project in China, which by the way will be solar powered when they do come out.
One confirmation obtained by the investor who went to China was ZJMY's manufacturer for solar power panels that will be used to power the new standardized and subsidised swap stations.
SUOER....http://www.chinasuoer.com/
Wait till Monday ;)
Fins are probably being released Monday.... Surprised the stock isn't doing much. I'm thinking the fins won't be that good until at least Q1
JUST FYI, Fins will MOST LIKELY not be posted this month. They will be posted with Q1. That is my guess.
Also, don't worry about people who think this is a scam. they don't know. BTW, looks like Mr. Han Zhiming got a gag order from up above to not say anything to our investor in China. But he does want to come to New York...and probably needs someone to send him an invitation letter ;)
Fair enough...get in on the ride, which hasn't even begun yet. You can sell at your target price and exit...always an option.
Keep in mind though, when this "scam" skyrockets, it won't wait for you!
For anyone who thinks this company is not real...you have it all wrong.
Recently, an investor went to China to meet with Mr. Han Zhiming and took selfies in front of the ZJMY store AND with Mr. Han in his office where you can clearly see a big Z logo embossed on the wall behind them.
Incredible confirmation in itself.
ZJMY...will post more recent info soon. you snooze you lose...details about swap stations
ZJMY 4 months...
ZJMY 3 months...
ZJMY 2 months...
ZJMY....
I agree with you. Most of the people in that group are very nice people and passionate about investing.
I agree. JBZY will prevail.
Most people, including many on this board, don't actually understand the fact that to be successful as a Chinese enterprise, you MUST have government backing. There is just no way around it in China.
ZJMY has government backing (they always did)...it was essentially a Chinese govt project through Tsinghua University, if you recall.
Mr. Wang Dequn has govt backing. Not everybody in China gets to go to and speak at a Cross-Border Trade forum where Jack Ma also spoke, among other leaders.
Just one thing to keep in mind, this stock is still listed on the OTC. There is a reason they have not released the financials yet....
Pretty amazing what's happening behind the scenes at JINBO and ZJMY....and ALSO, with the DD that is being done in CHINA as we speak.
There is a reason why this stock has not crashed......Get ready for some real fireworks!
FINS are probably coming with Q1 2018. And not on the OTC...They will probably be filed with the SEC only for an up-list to NASDAQ
NO NEW UPDATE. I'm sorry.
Ooh really... What page do you see them on here?
http://en.cibf.org.cn/Exhibitors?PI=1&ComName=&FNumber=&PCate=