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WYSOS or Finra Daily List
Name change could happen first in WYSOS,so we could get a heads up there, but they could happen on FINRA and WYSOS simultaneously as well, with little warning.
A new cusip shouldn't be needed for a common name change as far as I know.
Corporate changes do hit Finra's Daily List a business day before it happens, so there is that.
Finra Daily List-Name changes
I think that ZJMY would have reissued the employee stock certificates with the current name, JB&ZJMY Holding Co.
Likewise, I think the ticker would have been corrected to JBZY so the employees could exercise their share warrants.
One of the stock certificates said JBMY. I don't think that would be the new ticker.
If the ticker changes, it would more likely be ZJMY IMO for continuity.
Agree and well said.
Why revert "Parties" back to Wang on WY SOS?
I think you're right on in your assessment of the clues.
On 2/27/2019, WY SOS was updated to show Zhiming Han replacing Wang as the Director, President, Treasurer, ect. We correctly interpreted that Wang handed over the reins to Han.
After all, ZJMY is Han's baby that he spent the last 10 plus years preparing for.
On 3/15/2019, we noticed an amended report and the Parties reverted back to Wang.
It is my understanding that we need to see Wang's preferred shares (all or majority) transferred to Han in an Amendment on WY SOS. I mistakenly assumed that they were already signed, sealed and delivered.
IMO, as Stim said, it was overlooked that Wang still needs to be the Director on WYSOS in order to properly transfer those shares to Han. Once, Wang signs them over (all or majority IDK), we should see the Han reinstated as the Parties again.
Why would there be a name change and possible ticker change?
There have been some clues that make another Name Change probable.
First, with the shift of control from Wang to Han in the works, it makes sense that the Jinbo part of the name (JB) would be coming off JB&ZJMY Holding Company. Wang=Jinbo and with Wang relinquishing control, Jinbo's presence would likely diminish as well.
Second, there have been recent updates to http://zjmy888.com/ noting Zhiming Han as CEO of JB&ZJMY Holding Company and the JBZY ticker placed on the site.
More recently, the JB has been taken off of the name and now it says Han is the CEO of ZJMY Holding Company.
It leads me to conclude that a name change to "ZJMY Holding Company" is not only likely, but could be in the works. FINRA,may have alerted the company that Wang needed to be reinstated briefly so the preferred shares could be transferred and then the Name Change can take place.
I'm not sure if the ticker would change to ZJMY, although it would be fitting.
I know that this post is highly speculative, but the OTC always is.
This is just my best attempt to shed light on the current state of events.
SF
I've tried the Contact number on the PR to no avail. Never tried the email. hdih@usa.com
There are red flags with most pinks. As for me, the potential still outweighs the red flags. A deal-breaker for me would be if the PR was totally false, but on the contrary it was spot on IMO.
Again, I'll watch the HDIH movie to the end to see what happens.
Fortes Fortuna Juvat
"From the only bit of information to EVER..."
Let's break the Jan PR down.
Took me 5 minutes to look up JBZY's PCAOB auditor:
Don't overthink it.
On 6/27/2017, DOLV released an 8-K disclosing that the company changed its registered accounting firm:
https://backend.otcmarkets.com/otcapi/company/sec-filings/12146740/content/html
It's the Jinbo Chelian Aijia 5S Store in Zhangjiakou.
I believe the German flag is just to show they have German cars. I'm optimistic Jinbo Group will sell EVs at the 5S stores as well.
Zhangjiakou is one of the venues for the 2022 Olympic games. Jinbo wants to be well-situated in Zhangiakou prior to the Olympics. Jinbo Group bought Dida or Dili Shopping Plaza in Zhangjiakou a few months ago that was posted previously.
https://en.wikipedia.org/wiki/2022_Winter_Olympics
Here is a video of Wang Dequn speaking in front of the Jinbo Chelian Aijia 5S store (you have to watch the ad before the video starts).
http://v.youku.com/v_show/id_XMzMyNDYxMTc4NA==.html
As to the floating letters: Jinbo as well as ZJMY has digitally placed the Z logo or the Jinbo logo on EVs or objects for promotional purposes. The other photo I posted was probably a promotional photo. The first two characters (red arrow) say "Jinbo". Looks like they haven't gotten the Jinbo logo up yet since it is still pretty recent deal for Jinbo. I deduct there is a joint venture between Jinbo Group and Haining Chelian Aijia.
Remember the "Jinbo Zhong Ji Ming Yang" named high-speed train? Check the Chinese characters.
http://my.xiyou.cntv.cn/8712604/index.html
Here is a luxury car with the Jinbo Logo "Digitally" placed on the hood. I think most know the difference between what is promotional and what is the real deal.
Here is a video by Jinbo Group for their luxury car dealership (Not the Jinbo Chelian 5S store).
http://v.youku.com/v_show/id_XMzE5NTQwOTE2OA==.html?spm=a2h0j.11185381.listitem_page1.5!14~A
It appears Jinbo Group may sell ZJMY EVs at their 5S stores, unless they are just some Jinbo employees' personal cars.
People can believe what they want, but for me, I'm still trusting in Wang, Jinbo and JB&ZJMY Holding Company.
JBZY is not such a mystery with a bit of DD.
Most of this is probably a review for those that have been around for awhile.
From last April Press Release
I'm sure he couldn't disclose that privy information. We will see what shakes out but I'll buy the fear.
1:100 Reverse Split per WY SOS.
(so it appears)
Keep an eye on the Finra Daily List in the near future.
I'm posting this to dispel any misinformation. There was an amendment filed on WY SOS for JBZY approving a RS of 1:100. Click on History and then on the Common Amendment that showed up today.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117
People can take it however they want. I still believe in the company and think it is a necessary step for JBZY to reach their Nasdaq goals.
Here is a good site explaining Reverse Splits and the process with Finra.
https://www.securitieslawyer101.com/2015/reverse-stock-split/
That explains a lot.
Thanks! A few comments:
I understand from the translation of the stock certificate that the registered capital and founding time corresponds to the company: Beijing Jingte Ruier Technology Co. and not to Zhong Ji Ming Yang (ZJMY). ZJMY had the same registered capital of 50 million yuan but was established on March 17, 2015 as seen in Chinese business checking sites and on the ZJMY888.com company site among other places. The JBZY third Quarterly Report references JB&ZJMY which I'm 100% convinced refers to Zhong Ji Ming Yang New Energy Technology Co. Ltd. JB is a reference to Jinbo Group which ZJMY was a subsidiary of.
There are those on here that would have you believe that the shell company DOLV acquired JB&ZJMY another shell company. IMO, it is ludicrous to believe that a shell company acquired another shell company with no assets. I believe those that claim JB&ZJMY Holding Company acquired an empty shell are ignorant at best or are being willfully deceptive at worst. We already know that JBZY did NOT acquire an empty shell since assets increased a few million in 2017. That's easy to verify in the quarterly reports. Those assets are only a morsel of what is to come IMO.
My months of research led me to believe that JB&ZJMY Holding Company acquired Zhong Ji Ming Yang New Energy Technology Co. Ltd. (sometimes translated "In the Ming Yang"), which has a minimum of $7 million USD in capital and probably much more with the developments over the last few months with Long Star and the ZJMY high-speed factory being built in Guangxi province. My DD leads me to believe that these assets and revenues will be shown in the annual report since the Articles of Merger filed on WY SOS on Nov 3, 2017 specifically states that (paraphrasing) "upon the filings of these Articles the assets and liabilities of ZJMY will become the assets and liabilities of JB&ZJMY Holding Co. It does not say "before the filing of these articles" or "last quarter" or "once upon a time", it says "upon the filing of these articles the assets will become...". Very easy to understand when the assets of ZJMY came in to JB&ZJMY Holding Company IMO.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117
From JBZY 3rd Quarterly Report:
https://www.otcmarkets.com/financialReportViewer?symbol=JBZY&id=183577
Best post I've read in awhile. Great analysis.
JB&ZJMY's partner Long Star is selling police EVs too - video
Zhong Ji Ming Yang owns 37.7% of Guangxi Long Star. Shandong Long Star has a "ZJMY Production Base" sign on the pillar. Wang and Han Zhiming were at the opening ceremoney of the Shenyang Long Star Branch (see picture).
Frankly, I could care less if the low speeds are "cheap". All that matters to me is that JBZY and its subsidiaries and partners sell their product which they are:
Guangxi Long Star sold over 4000 units!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136957976
Video of Long Star shipping out police EVs.
http://v.youku.com/v_show/id_XMTYyODc1NzM5Ng==.html
Guangxi Long Star sold over 4000 units!
according to the article below.
We know ZJMY owns 37.7% of Guangxi Long Star.
http://www.bbrtv.com/2017/1216/368320.html
Long JBZY.
Recent news posted on Guigang city gov site.
http://www.ggqt.gov.cn/news/details/84245
News not just on wechat.
http://m.21cnev.com/archive.php?aid=777117
Good post GF.
My understanding is that Jinbo Investment Holding Group is the main financial arm of Jinbo group and has it's hand in the other Jinbo plates. It's main function, IMO, is the financial development of the other Jinbo sectors.
(Shenzhen)Jinbo Investment Holding Group was established on September 26, 2014. Zhong Ji Ming Yang New Energy Technology Co. was established on March 17, 2015.
Prior to JBZY (DOLV) acquiring ZJMY, Jinbo Investment Holding Group was a 31% shareholder in ZJMY. ZJMY was reversed merged into DOLV by the issuance of the 100,000 Class D shares to Wang Dequn.
The WY SOS Article of Merger lists Wang Dequn as the sole shareholder of ZJMY. Either Wang bought out Han Zhiming and Jinbo Investment Holding Group or we will see some JBZY Preferred shares issued to Zhiming and Jinbo Investment Holding Group IMO. Their piece of the ZJMY pie has to come into play somewhere in JB&ZJMY Holding Co. We will see.
Articles of Merger Filed 11/3/17
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117
ZJMY Shareholder Information:
This was posted a bit ago I think. It gives a good overview of Jinbo Investment Holding Group.
https://mp.weixin.qq.com/s/XRNczBfA6wEM-24NcVROZg
Thanks for the video.
I believe Jinbo could continue to be a big source of funding for JB&ZJMY (Jinbo Investment Holding Group donated the police EVs earlier this year). I want to make it clear though that I am still not convinced that Jinbo will be rolling any more plates into JBZY other than the EV one. For me that is enough.
Thank you Flo! A few reminders:
1. JB&ZJMY planned on using the OEM Production model from the beginning. ZJMY uses other existing vehicle manufacturers to produce the "shells", i.e. the EV bodies and chassis, and ZJMY provides the battery, electric motor and electrical components. This was a main key in the Wuhu Huaba EV Company's business plan, whom ZJMY owns a 70% stake in.
A word on ZJMY acquired Wuhu Huaba Electric Vehicle Co., Ltd
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132836090
ZJMY OEM's (confirmed and highly probable)
1. Long Star
2. Chery
3. Kawei Group
2. Long Star is a huge partner for ZJMY and produces the Low-Speeds.
http://www.jjxdd.com
Shenyang Branch: New Long Star branch
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136024507
Long Star-JB&ZJMY Connection DD updated:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135996118
Guangxi Long Star 150,000 EV Factory progress update!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135995642
I think most get it. "Death by comment" lol.
As an alternative reporting company, JBZY only has to submit Quarterly Reports and an annual Report to OTCmarkets, a non-regulator.
SEC reporting companies are required to file 10-Qs, 10-Ks and 8-Ks in the EDGAR system.
JBZY filed three 10-Qs and a 10-K (and an 8-K in June) in August 2017 to cover a time span in 2013 where DOLV was deficient. DOLV filed these old SEC files this year as an alternative reporting company. Even though the filings cover 2013, it shows that a pink non-SEC reporting company can file 10-Qs, 10-Ks and 8-Ks in the EDGAR system. Obviously 10-Qs, 10-Ks and 8-Ks are not required for JBZY.
Could they file an 8-K to cover material events? IMO yes. They could just issue a PR to disclose the same material information too. I could care less if we see an 8-K, PR, or just the third Quarterly Report. The 3rd quarterly report should be around the corner IMO. Consolidated fins could be included as well.
The only way we would see a Super 8-K is if they did a Form 10 registration in conjunction with the reverse merger. This does not appear to be the case...yet. IMO, JBZY will become SEC reporting eventually because its part of their plan!
LMD,
Isn't it a requirement that a company has to become SEC reporting if the company exceeds certain threshold of shareholders and assets??
Hancheng 150,000 EV parts factory and 100,000 EV factory.
We do not know if ZJMY-Hancheng-Long Star signed a deal yet, but it is looking very promising based off the discussion that took place.
Xlogit3K Hancheng-ZJMY cooperation for EV parts factory and EV factory.
11/8/2017
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136059785
Here is the article posted last night by xlogit now on the Hangcheng municipal (government) site: Note that Korea is a mistranslation according to Floridany. It should be Hancheng, a city near Shaanxi Long Star Production base.
http://www.hancheng.gov.cn/xwzx/bmdt/60892.htm
Thanks for the translation correction.
Do we own 37.7% of all of Long Star? Do you know what the overall deal is between Long Star and JB&ZJMY?
I know you mentioned awhile ago that ZJMY owns parts of other Long Star subsidiaries, I was just wondering if the percentage was the same across them all.
Guangxi Long Star is the only Long Star company showing the ZJMY ownership of 37.7% when I check several business checking sites. We know there is a broader Long Star-JB&ZJMY deal with the ZJMY production base sign on the Shandong Long Star factory, the Shenyang Long Star picture with Wang Jinlai and Han Zhiming and now the cooperation meeting in Hancheng with Han Zhiming and the Long Star Chairman.
Looks like I was a bit short on my mileage guess; 125 miles looks more accurate. Shaanxi Long Star is about 125 miles from Xi'an, where Long Star is planning a branch.
http://www.jjxdd.com/pageinfo-12.html
Fantastic. Thanks. It looks like it may be close to Shaanxi Long Star.
As far as I can tell Shaanxi Long Star is within 10 miles of Hancheng. It sounds like they first want to build factories in Hancheng to produce the vehicle parts and components and then spread out to vehicle manufacturing.
With a Long Star branch going to open to the southwest in Xi'an (within 100 miles of Shaanxi Long Star), Long Star is going to have their production bases covered.
A Long Star-JB&ZJMY vehicle parts/battery plant could support Shaanxi Long Star in Xizhuangzhen and the Xi'an branch.
Just another confirmation of the JB&ZJMY-Long Star connection as ZJMY CEO Han Zhiming and Long Star Chairman Lui Kaiyang presented in the Hancheng meeting.
That is the Long Star V3, not to be confused with the ZJMY-Cowin V3.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133896828
Here is the Guangxi Long Star EV factory (150,000 Low-Speed EV).
I have not seen pictures of the Guangxi High-Speed factory yet. That is the one with projected annual sales of $2.25 billion.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135995642
Agree. I'm confident in the the Kawei Group-ZJMY connection at this point for the high-speeds.
It makes me wonder where the Chery Cowin-ZJMY connection stands. ZJMY was still showing off the Cowin V3 in September in the Zibo conference. It seems like there should be something there. Not to mention using Chery as a potential bus OEM as well as Flo said after one of his trips to China.
I'm having a hard time keeping up with all the factories.
Your 500,000 estimate may be close IMO.
There are two Long Stars in Liaoning Province, Shenyang and Liaoning Long Star. Shenyang is the one Stimulus Pkg posted with pic including Wang and Han Zhiming.
There are two Guangxi Long Stars. One producing EVs and the 150,000 EV factory under construction since December 2016 with 30,000 special vehicle project pending(environmental permit approved in Oct 2017).
As far as factories/branches, there is potentially 9 total that actually produce or sell EVs in partnership with JB&ZJMY imo. That does not include Chery Cowin.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135848835
5 Production Bases in these 5 Provinces
1 - Liaoning - Long Star: low-speeds
2 - Shandong - Long Star: low-speeds
3 - Jiangsu - Kawei Group: high-speeds
4 - Guangxi - Long Star: low-speeds and high-speed factory under construction
5 - Shaanxi - Long Star: low-speeds
The Xi'an Branch is near Shaanxi Long Star I believe. Shaanxi Long Star is near Yuncheng in Shaanxi Province and Xi'an is just over 100 miles away.
Shaanxi Long Star established 8/17/2017
Xi'an Long Star Branch!!
Article 8/12/17
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136025576
Agree. We've connected a lot of dots for months and came up with the right picture- a Long Star-JB&ZJMY Partnership.
Great find! Don't forget Xi'an Long Star Branch!!!
I hadn't seen that.
Helps solidify the JB&ZJMY-Long Star connection.
I'll add it to the Long Star DD compilation post, which is becoming lengthy at this point.
Even though we have only seen 37.7% ownership in Guangxi Long Star, there is obviously a bigger deal with the whole Long Star Group. We've seen the ZJMY production base sign on the Shangdong Long Star Production base and now we see Wang Dequn (JB&ZJMY Holding Company President) and Han Zhiming (ZJMY President) in a photo at the new Shenyang Long Star Branch project.
Don't forget Xi'an Long Star Branch!!
This is dated August 12, 2017.
http://www.jjxdd.com/pageinfo-12.html
Long Star-JB&ZJMY Connection DD updated:
I probably left out many pertinent posts but you get the idea. Thanks to all who have contributed.
ZJMY is a 37.7% shareholder in Guanxi Long Star as confirmed on Chinese business checking sites, and ZJMY is a shareholder in other Long Star subsidiaries as Floridany has stated. Interestingly, ZJMY's production base sign is on the Shandong Long Star factory.
SF
11/6/2017 Guangxi Long Star 150,000 EV Factory progress update!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135995642
Guangxi Long Star 150,000 EV Factory progress update!!
This is a different factory from the ZJMY Guangxi High-Speed factory with the projected $2.25 billion annual output.
Guangxi Long Star is the company ZJMY owns 37.7% of.
http://www.ggqt.gov.cn/news/details/82294
Guangxi a long time Star New Energy Vehicle Technology Co., Ltd. with an annual output of 150,000 intelligent four-wheel electric car project steadily
Author / Source: Qintang Industrial Park Administrative Committee Date: 2017/11/7 8:25:58 Reading: 9
Guangxi Jiuxiu Xing New Energy Vehicle Technology Co., Ltd. The annual production capacity of 150,000 intelligent four-wheel electric sedans is located in Guigang Industrial Park (Shiqiayuan), a major project in Guigang City. The project started construction at the end of last year, and the year 2017 Plans to invest 100 million yuan.
At present, the project is steadily advancing and has completed a total investment of 80 million yuan. The first phase of about 175 acres of land basically completed the land signs hanging work; the first production plant has been capped, plant decoration and stamping equipment installation has been completed 40% Plant transformer installation has been completed a total of 15%, the new factory gate construction has been completed 5% of the cumulative ; is being carried out the second production plant ground hardening work; is expected to be completed by the end of the annual investment plan.
That's a possibility that it could be a dealership or outlet.
I was unable to find any more info on it. There is probably so much about JB&ZJMY Holding Company that will pleasantly surprise us once it is disclosed.
I agree. 3rd Quarterly is what I'm looking forward to.
Name approved on 11-4-2017 for Ji Ming Yang New Energy Electric Car Trading Company.
Here's another one that looks related to JB&ZJMY approved on 11-4-17. I am not sure if it is an existing company that just received a name approval or a new company.
http://www.saic.gov.cn/fw/bsdt/gg/qymcyh/201711/t20171104_270115.html