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The timing AND size of the reverse split is honestly one of the only reasons I personally hold on to my shares to this day, even after the split! It is odd to say the least that he waited for so long to do a RS, and that too a 1/100. As you say, if he wanted to wipe out the shareholders completely he could have done something like a 1/10,000 RS a long time ago.
13th annual china international battery fair link.
http://en.cibf.org.cn/Home/First
13th Annual China International Battery Fair is being held in Shenzhen from 5/22-5/24. In the list of over 1000 attendees, ZJMY is nowhere to be found! It is in Jinbo's home city and I find it hard to believe an EV battery manufacturer would not show up in their own home town as an exhibitor.
Did you know about this?
Will your view be different if the coming annual report is still unaudited and not consolidated?
What I'm saying is that Wang may be done with the US ticker all together. No need for starting all over again. The idea that he spent money to go through FINRA and the rest and therefore he HAS to follow through is a bit silly....and wishful to be quite honest. I HOPE he follows through but I wouldn't count on it.
This ticker is but a VERY small part of Mr. Wang's plan. His priority is to expand his business in China. Don't forget that ever. He could abandon this in a heartbeat if this is not a viable/practical option for him anymore. If he is truly a multi-millionaire, wasting a few hundred thousand dollars is not a huge deal for him. Don't count on your stars is all I'm saying.
There could be a hundred reasons why he has been so quiet! And not following through with this is one of those reasons.
It is hard for me to say this but it seems Mr. Wang may not be continuing with this ticker anymore..... :(
Yes it is true it has held is price relatively well. I think that's because this company has behaved very differently than most penny stocks being traded on the OTC. Plus, the majority of shares are in the hands of people that are thinking something positive will come out of this whole thing.
I am being cautiously optimistic.... Keeping a very close eye on any filings on WYSOS or OTC etc... Because the moment there is a concrete evidence that this whole thing is going nowhere, the first ones to dump shares will be the "longs". And I DONT want to be the last one to dump if that happens!
So be careful!!!
As far as the auditor goes, yes I'm sceptical of the whole situation. They hired someone who has NO experience in auditing BIG FIRMS. It doesn't make sense. Alibaba group, for instance, gets PwC to do their audits. And Wang Dequn allegedly is supposed to have said that he intends to go "beyond MA!". You don't go beyond MA by hiring De Leno, a penny stock auditor, who is going to verify and prepare the very documents that will have one of the biggest first impression on the investor community!
And by the way, Alibaba group is also legitimized by the PRC, as is clearly apparent from their annual reports. So just because the Chinese govt legitimizes some company doesn't mean they can hire a penny stock auditor. On the contrary, imo.
I think it's a fairly big deal. And raises questions about the legitimacy of this company's true size, scope and motives...
Sir, I'm here because I feel there might be something here. But I DON'T KNOW WHAT IT IS... To be honest, no one here knows. The DD that you allude to is nice and all BUT the only thing that imo will truly legitimize this company is this companys actions themselves. What I'm SCEPTICAL of is the managements' motive towards us shareholders here holding pre/post R/S shares. Will we be "assauged" by release of information from the company? Will they even release anything that will translate to better pps for us? Or will they leave us in the dust and abandon this stock... Afterall, if truly Jinbo is so HUGE, wasting a few hundred thousand dollars they had to spend to pursue this avenue into the US market is nothing for them, even if it means they have to abandon this pursuit at this point in time! I don't think that's out of the question. Afterall this would not be the first time they would have had to abandon a plan due to lack of viability and/or practicality?
Hello sir, good day to you! I have a concern that you may be able to put to rest. I was looking into the current accounting firm for the company, namely, De Leon & Company. When I look at this companys clients I see that almost all of them are really small companies including ones being traded on the OTCMRKTS. Why, if Jinbo is such a big company with billions in assets, did it not employ a reputable company like Price Waterhouse Coopers, similar to say TESLA? Or any of the bigger firms? How is a small scope auditor like de Leon, based in Florida, going to audit a company and its assets based out of China?
My sister is an auditor or PwC and tells me that when they are to audit a company based somewhere else, they have to go there to audit them. That's the only way to audit a company and its assets. Are we to assume that De LEON and company has the resources and wherewithal to go to China to do Jinbo's audit, which is supposed to be such a HUGE company?
I'm becoming sceptical and don't know the legitimacy of this company.
Get ready for the ROCKET. It's coming!
I agree sir! IMHO there is going to be an explosion in pps here relatively soon, especially when the financials show up.... Which may be on the nearby horizon, as you say.
Thank you for your valued input sir. It will be interesting to see now in the coming days. Will be very telling of what's to come.
GLTY AND ALL LONGS!
I hope this coming filling shows no change in assets. That would a great blessing in disguise for the longs. Need all the clowns flippers weeded off!
If I was Wang I would NOT start diluting at this level. Especially when I would have had AMPLE opportunity to firstly inflate the pps pre-split using PRs and propaganda...and THEN do a 1:100 R/S. As anyone who has been following this stock knows that the pps action that ensued since DOLV became JBZY has NOT been due to company news or propaganda. On the contrary the company has not actively tried to inflate the price artificially AT ALL.
Again, if I was Wang I would have first inflated the pps pre-split and then the r/s. Afterall, that is what happens in almost ALL penny scams. Wang seems to be a rookie at this.
We should not forget though that ALL logical explanations have holes in them, especially when they are circular. That's the only fundamental fallacy in reasoning.
GLTY.
Read the amendment filed with wysos on Feb 15, 2018.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117
On pg.3, it clearly states in sections E, F & G that each preferred share will be convertible to 2500 common shares and will carry an equivalent vote.
Not sure what sources you are reading, but if you want to know what's RELEVANT to JBZY then you need to read the ammendment.
GLTU.
No dilution yet? So far so good!
Lol....
You are absolutely right! This will essentially go to oblivion when fully diluted. And the share price here will decline steadily. Drip drip drip until the water runs out.....GLTU
To all longs:
As you all should know that the technology for third generation batteries and swap stations in China was pioneered by one of the best engineers in that country and his name is Han Jian Fang. He has been actively working on developing this technology since the early 2000s. His technology has been adopted by companies like BYD, BAIC, Cherry, Tesla etc.
I want to tell you guys that it has recently been CONFIRMED that he is the current Chief Technology Officer of ZJMY China. Which means we are positioned to be a major player in the industry.
This one post a day sucks but whatever.
Yes, it's my understanding the "boss" in Cali the CSR was referring to is Elon Musk. I'm pretty convinced that there is a partnership with TESLA. All these things are not coincidences....z logos on TESLA car in ZJMY WeChat. Tesla supercharging stations right outside Jinbo 5s shop. And now ZJMY visiting TESLA China HQ recently. No way these are coincidences.
My thinking, as far fetched as it might sound, is that all the other makes on ZJMY WeChat page including NIO, DENZA, BAIC...ALL must have partnerships with ZJMY. That HAS to be the case here.
People don't understand the magnitude of this. Not the penny FLIPPERS here for sure! I don't even care of other plates of Jinbo come in. The technology we have and the partnerships and leverage we command are HUGE.
You were saying earlier today I think you were going to make a very important phone call. Did you make that phone call? And did it confirm a lot of the things us longs have been speculating on?
Nice post of art!
20 days
Thanks for the info. I'll have to call tonight as it's obviously night time there right now. Hopefully I can get in touch with someone at Tesla who knows about ZJMY.
Good to know! I will call the headquarters too.
IMO that is exactly what is happening here.
I will be calling a couple of TESLA dealerships in California and in China today and tomorrow. I want to try to find out if anybody has heard about ZJMY.
Will keep you guys posted!
IMO the pictures of TESLA and other car manufacturers on the company's WeChat page are there for promotional purposes. It does not mean that those cars will now be sold with a Z logo on them lol. It simply indicates a relationship.
There are several photoshopped pictures that have come out that are all for PROMOTIONAL purposes. It does NOT mean that the company is fake. For instance, look at the following post by SF.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139329089
At the bottom of the post you can see new Jinbo 5S shop banners outside their store. As Mr. Green points out the characters on the right vertical banner seem floating. It looks photoshopped because it IS photoshopped. This was a very recent deal for the Jinbo group and that photo is just for promotional purposes. In the following post you can see the ACTUAL banners.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139352787
As you can see the sign is as yet incomplete in that picture but hopefully you get the point.
On a side note, do you notice the TESLA super charging stations at the bottom of those vertical banners? I'm not saying that's proof that there is a connection but it is interesting to say the least that an EV related company has another (potential) rival company's product right outside their store. Is it a rival?? Or is it a partnership?? I guess we will find out eventually.
Anyways, to answer your question, yes if your posts are NOT supported by evidence, they do not mean ANYTHING.
Can you confirm that it's some random person posting that"stuff" and not the company?
Thanks in advance for supplying evidence!
That is very interesting. Even though the z logo is photoshopped on the TESLA there, it is a clear indication that SOMETHING is brewing.
I have a hard time thinking that a company like ZJMY china and a man like Wang Dequn will risk their reputation by illegally placing their logo on another manufacturer's car.
And it's not just Tesla I'm seeing. It's also NIO, and Denza and others. Hmmmmm.....
SOMETHING HUGE IS COMING IMO
As much as I would like JBZY to soar sky high, I do not think articles published online by such websites as Insider Financial are meaningful for sustained price action.
Insider financial is NOT a reputable source of news. Until JBZY starts getting media coverage from the likes of Financial Post, CNBC, CNN etc, I would stay away from rehashed information presented in an article form on IF.... Most probably by a small group who bought shares and now wants to artificially pump the share price. Could be a poster from this board, who knows.
Anyways, going JBZY has an awesome rest of the week and we close above $3 at the least!
Looks like some people need constant help with comprehension... JBZY has over $4,000,000 in assets, NOT INCLUDING the assets of ZJMY (china) that was merged on Nov 3rd, 2017.
Sorry don't have the time right now. But thought the links would at least be helpful. GLTU
Feel free to use Google translate and/or Google Chrome to translate it in English. Recent.... Articles on Jinbo investment holding group
Don't forget the forward split that's coming in the future.
LOLLLL...in case you did not know, the Wyoming licence fee is based on the assets located IN Wyoming.
LMAO
Of course, if Wang does private placements, the shares will end up in the OS. LOL. Where else will they go?
IMO, the BIGGEST reason for the reverse split was to bring in partners and investors for BIG money. NOT for our penny flippin dollars.
Not too far from now a forward split is coming IMO.
Patience.
It is very common for start ups to have their authorized share capital much larger than their issued share capital... obviously so they can raise money from future investors.
Having authorized shares several times larger than issued does NOT necessarily mean that the company is going to sell them in the open market. For a legitimate company, it is often the case that those shares are sold to potential investors and usually carry a restriction with them so that the investors cannot sell them into the open market for several months, at the least. If Wang gives 200mil shares @ $4/share, let's say, he has raised $800mil. That is NOT the same as issuing a note at a par value of .0001/share, which is what ends up happening in a typical pink sheet scam.
As of now, NO ONE and I mean NO ONE can claim to know how these authorized shares will be converted to Commons.
Also, there is a POSSIBILITY that Wang maybe looking to do some sort of forward split in the future <------
I believe the plants cost was 1.5 billion yuan, not 15 billion. Just from what I remember.