Retired NYSE Broker & NASD Trader
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How to Prevent your Shares Holdings from being Shorted
Q:What can you do to prevent your shares holdings from being shorted?
A: Now what can the average personal investor do to stop their own shares being shorted, as believe me, your own broker, if approached, WILL sell ((He means LOAN, not sell)) your own shares that they hold on your behalf as a nominee account.
There are two things you can do, the first is to certificate them ( this is the only way ) but this is not obviously to everyone’s advantage but the alternative solution is simple.
THIS PART OF HIS OPINION ARTICLE IS INCORRECT-- All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they cannot be lent out by your broker ((THAT PART IS WRONG----I WORKED OVER 30 YEARS IN THE BUSINESS AND IF WE HAD-EM, WE WOULD LOAN-EM!!!)) ----GTC sell orders had no effect ---there is no name on those shares unless you CERT them--and in turn you are reducing the amount of ‘free shares’ out there that can be used for shorting purposes. And don’t forget to move your limit order up when the price starts to recover, then, that way your shares can’t be shorted – not much but helps.
Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.
In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.
Hey folks
I moved my position to dog-charlie-gd---better risk return--if you like the future of mj---instead of batteries without cars
There is a CUSIP internet address that I used once before and got the new CUSIP for JBZY when they changed from DOLV---before it was all released--
But , I don't have it anymore
I agree that there was probably very few taking profits--
TOO many strong hands are here---longer term investors and at ,90 cents?????---hard to believe it was profit takers who started this--if the pps had been over a dollar , I might believe it was profit taking--
There might have been some stop orders in that got triggered that helped ,, as the MMs can see these-----but since this is penny land ---probably more MM manipulation than anything else--
cheers ,, art
GLTY--
TY
art
No more PM privleges
So what is your take on DCGD as of now.. short attack today or mainly a P&D on its way down ?
My opinion is that sellers dominated today's trading--
They probably comprised longs taking profit,,, shorts taking advantage,, and possibly a short attack --but there is no way too substantiate that-
and MMs assisting the downward pps movement to line their own pockets and cover their short positions--
Tomorrow is another day in ""penny-land""
This is hopeful but incorrect--
I think the market makers are also upset because a significant part of the free trading float not owned by Mr Costello is locked up by retail shareholders in very high sell orders that are good till cancelled.
So those shares cannot be borrowed to short with.
There is only one way to prevent your shares from being available---and , that is to take physical delivery of them---for a $35 fee that can be done.
Cheers,, art --
I have made a lot of 'bank' from trading this industry---gotta be careful not to marry the company---
What we need is a mutual fund of These companies ---companies that are transparent--
This ""might"" be a good company down the road-
-but ,, like Signal Bay,, the float will get diluted at some point in time,, we'll see--
I am in for the ride---anyway
cheers ,, art
The DTCC —
This is the holding company that owns four companies that clear and keep track of all stock transactions. This is where brokerage accounts are actually lodged. The DTC division clears over a billion shares daily. The DTCC is owned by the prime brokers, and, as a closely held private enterprise, it is impenetrable. It actively and aggressively fights all efforts to obtain information regarding naked shorting, with or without a subpoena.
Stocks clear as follows:
If customer A–1 purchases ten shares of XYZ Corp and Customer A–2 sells ten shares, then the shares are transferred electronically, all within prime broker A. Record of the transaction is sent to the DTC. Likewise, if Investor A–1 shorts ten shares of XYZ Corp and Investor A–2 has ten shares in a margin account, prime broker A borrows the shares from account A–2 and for a fee lends them to A–1.
If Customer A–1 sells shares to Customer B–2, in order to get the shares to B–2 and the money to A–1, the transaction gets completed in the DTC. The same occurs for shares that are borrowed on a short sale between prime brokers.
As a practical matter, what happens is prime broker A, at the end of the day, totals all of his shares of XYZ owned and all of the XYZ shares bought and sold, and clears the difference through the DTC. In theory, at the end of each day when all of the prime brokers have put their net positions in XYZ stock through the system, they should all cancel out and the number of shares in the DTC should equal the number of shares that XYZ has sold into the market. This almost never happens, because of the DTC stock borrow program.
How Pervasive Is This? —
At any given point in time more than 100 emerging companies are under attack as described above.
This is not to be confused with the day-to-day shorting that occurs in virtually every stock, which is purportedly about thirty percent of the daily volume.
The success rate for short attacks is over ninety percent - a success being defined as putting the company into bankruptcy or driving the stock price to pennies. It is estimated that 1000 small companies have been put out of business by the shorts. Admittedly, not every small company deserves to succeed, but they do deserve a level playing field.
The secrecy that surrounds the shorts, the prime brokers, the DTC and the regulatory agencies makes it impossible to accurately estimate how much money has been stolen from the investing public by these predators, but the total is measured in billions of dollars. The problem is also international in scope.
Media assault —
The shorts, in order to realize their profit, must ultimately purchase real shares at a price much cheaper than what they shorted at. These real shares come from the investing public who panics and sells into the manipulation. Panic is induced with assistance from the financial media.
The shorts have “friendly” reporters with the Dow Jones News Agency, the Wall Street Journal, Barrons, the New York Times, Gannett Publications (USA Today and the Arizona Republic), CNBC and others.
The common thread: A number of the “friendly” reporters worked for The Street.com, an Internet advisory service that hedge-fund managers David Rocker and Jim Cramer owned. This alumni association supported the short attack by producing slanted, libelous, innuendo laden stories that disparaged the company, as it was being crashed.
One of the more outrageous stories was a front-page story in USA Today during a short crash of TASER's stock price in June 2005. The story was almost a full page and the reporter concluded that TASER's electrical jolt was the same as an electric chair — proof positive that TASERs did indeed kill innocent people. To reach that conclusion the reporter over estimated the TASER's amperage by a factor of one million times. This “mistake” was made despite a detailed technical briefing by TASER to seven USA Today editors two weeks prior to the story. The explanation “Due to a mathematical error” appeared three days later — after the damage was done to the stock price.
Jim Cramer, in a video-taped interview with The Street.com, best described the media function:
When (shorting) ... The hedge fund mode is to not do anything remotely truthful, because the truth is so against your view, (so the hedge funds) create a new 'truth' that is development of the fiction… you hit the brokerage houses with a series of orders (a short down ladder that pushes the price down), then we go to the press. You have a vicious cycle down — it's a pretty good game.
This interview, which is more like a confession, was never supposed to get on the air, however, it somehow ended up on YouTube. Cramer and The Street.com have made repeated efforts, with some success, to get it taken off of YouTube.
Massive counterfeiting
can drive the stock price down in a matter of hours on extremely high volume. This is called “crashing” the stock and a successful “crash” is a one-day drop of twenty-percent or a thirty-five percent drop in a week. In order to make the crash “stick” or make it more effective, it is done concurrently with all or most of the following:
Typical tactics include the following:
Flooding the offer side of the board — Ultimately the price of a stock is found at the balance point where supply (offer) and demand (bid) for the shares find equilibrium. This equation happens every day for every stock traded. On days when more people want to buy than want to sell, the price goes up, and, conversely, when shares offered for sale exceed the demand, the price goes down.
The shorts manipulate the laws of supply and demand by flooding the offer side with counterfeit shares. They will do what has been called a short down ladder. It works as follows: Short A will sell a counterfeit share at $10. Short B will purchase that counterfeit share covering a previously open position. Short B will then offer a short (counterfeit) share at $9. Short A will hit that offer, or short B will come down and hit Short A's $9 bid. Short A buys the share for $9, covering his open $10 short and booking a $1 profit.
By repeating this process the shorts can put the stock price in a downward spiral. If there happens to be significant long buying, then the shorts draw from their reserve of “strategic fails-to-deliver” and flood the market with an avalanche of counterfeit shares that overwhelm the buy side demand. Attack days routinely see eighty percent or more of the shares offered for sale as counterfeit. Company news days are frequently attack days since the news will “mask” the extraordinary high volume. It doesn't matter whether it is good news or bad news.
Flooding the market with shares requires foot soldiers to swamp the market with counterfeit shares. An off-shore hedge fund devised a remarkably effective incentive program to motivate the traders at certain broker dealers. Each trader was given a debit card to a bank account that only he could access. The trader's performance was tallied, and, based upon the number of shares moved and the other “success” parameters, the hedge fund would wire money into the bank account daily. At the end of each day, the traders went to an ATM and drew out their bribe. Instant gratification.
The Anatomy of a Short Attack —
Abusive shorting are not random acts of a renegade hedge funds, but rather a coordinated business plan that is carried out by a collusive consortium of hedge funds and prime brokers, with help from their friends at the DTC and major clearinghouses. Potential target companies are identified, analyzed and prioritized. The attack is planned to its most minute detail.
The plan consists of taking a large short position, then crushing the stock price, and, if possible, putting the company into bankruptcy. Bankrupting the company is a short homerun because they never have to buy real shares to cover and they don't pay taxes on the ill-gotten gain.
When it is time to drive the stock price down, a blitzkrieg is unleashed against the company by a cabal of short hedge funds and prime brokers. The playbook is very similar from attack to attack, and the participating prime brokers and lead shorts are fairly consistent as well.
WINNAR123
IT IMPOSSIBLE TO LOCK SHARES!!!!!!!!!!!!!!!!!!!
Sell orders don't mean squat--
Spent 30 years in this crookedly honest business--
You have to take physical delivery of the Cert to prevent it from being loaned---
According to my boneyard math estimate we have traded a little over 160 million shares since end of June--or in the last 35 days or so----That means this little float has turned over a few times---so , my guess is that the MMs are a few shares short---nakedly so---
any thoughts????????????????
MEET THE MAN WHO MADE $70 MILLION THE LAST TWO WEEKS IN THE STOCK MARKET
AvatarMITCH PFEIFERJULY 23, 2019
BUSINESS & TECHNOLOGY 4 MIN READ
The green rush in the legal weed industry continues to grow. Investors are literally sprinting from all corners of the world to cash in on the hottest crop available in limited markets. While the US Government has benefited from insane amounts of tax revenue from legal sales, the Federal Reserve and the banking industry are still living in yesteryear. Investors are left to cash deals with limited public and stock market options. It’s no secret that funding and finance are tough obstacles to maneuver.
Justin Costello is no stranger to making big money plays (and news) in the legal cannabis market. The veritable finance wizard specializes in structuring the numbers and money behind “high-risk” businesses. Cannabis is viewed as just that in the banking world and Costello has walked a tight rope throughout the weed world. Recently, Costello acquired Discover Gold Corp (DCGD) in what may be one of the largest cannabis acquisitions to date. Cannabis stocks are skyrocketing and the future is looking bright.
With DCGD’s market cap closing at over $130 million at the end of the day Monday, July 22nd, Mr. Costello’s 56 percent portion of the cannabis stock puts him at over $70 million dollars in a two-week span. The Pacific Northwest located shell company is positioned to make major moves in the legal weed world. Much like the power plays before it—this is big business.
The game of recreational cannabis and CBD are still relatively young. Luckily, Costello’s experience within the industry dates to the medical days. He’s been an owner, operator, and investor. As well as helping structure, fund, sell and scale some of the largest companies in the space. He’s also responsible for helping numerous companies successfully launch on the stock market, which is no easy feat.
You may recognize the name from one of the largest retail license roll-ups in history or the time he purchased a $10,000 gold cannagar. When asked about this current acquisition and how it ranks amongst the Tilray’s and largest deals in the space, “I’m unable to speak on that at this time due to SEC regulations,” he said with subdued excitement.
Legal cannabis continues to change rapidly, and Costello is at the forefront.
Why Discovery Gold Corp (OTCMKTS:DCGD) Has Been Coming up Aces
By James Hudson - July 26, 2019
Unquestionably, one of the most interesting stories on the OTC over the past couple of months is that of Discovery Gold Corp (OTCMKTS:DCGD). As we noted in our last piece from a few days ago, this stock is being traded as a reverse merger play with a cannabis theme, and seemingly for good reason. The company recently changed its address to match that of “Cultiva Law, PLLC,” which is Tad Mailander’s famed law firm in charge of the Cannabis Strategic Ventures and American Cannabis accounts.
In addition, a recent 8K pointed to a big purchase of shares of DCGD by GRN Funds, LLC, a Washington limited liability company, and its manager and Chief Executive Officer, Justin Costello. A recent release by MCTC Holdings noted that “Mr. Costello is the President and CEO of Discovery Gold Corporation (OTC PINK: DCGD) of Seattle, Washington, a fast-growing, publicly-traded new entrant into the cannabis marketplace. He also manages and is the CEO of GRN Funds, LLC, a private equity and hedge fund that secures banking resources for small to medium businesses and ancillaries.” That more or less seals the deal.
Discovery Gold Corp (OTCMKTS:DCGD), which is now described as “a fast-growing, publicly-traded new entrant into the cannabis marketplace” would thus seem to be a reverse merger into the cannabis space, and one now guided by experienced hands.
MCTC’s release went on to note that, “We are excited to have Justin Costello join the Cannabis Global Inc. team. His expertise in strategic planning and venture capital will help our growing company to identify potential acquisition partners and the best sources of capital to allow us to meet our aggressive growth plans in not only the industry hemp sector, but also within other areas of the cannabis industry,” commented Arman Tabatabaei, CEO of the Company. “We welcome Justin to Cannabis Global family
Discovery Gold Corporation (GRN Holding Corporation) Adds Peter Juvet to Its Strategic Advisory Board
Tuesday, July 30, 2019 4:50 PM
SEATTLE, WA / ACCESSWIRE / July 30, 2019 / Discovery Gold Corporation. (OTC PINK:DCGD, the “Company”), which has announced a corporate name change to GRN Holding Corporation, is pleased to announce it has added retired sales executive Peter Juvet to its Strategic Advisory Board. In this capacity, Mr. Juvet is expected to assist the Company in its international and domestic sales and management structure.
Mr. Juvet was a sales executive for 3M, a Fortune 100 company for over 30 years. Mr. Juvet is a combat veteran of the Vietnam War and retired from the US Army as a Captain. Mr. Juvet was a Army Green Beret (special forces). He lives in the Issaquah, WA and dedicates his time to assist the Veterans Affairs (VA) as a volunteer and likes to race cars in his free time.
“Peter is a close friend and a patriot. It’s an honor to have a man of his caliber on our team, Pete is will bring a lot of value to the table” commented Justin Costello, CEO of the Company.
Regarding the appointment to the Advisory Board, Mr. Juvet said: “It’s exciting to see younger professionals like Mr. Costello and his team take new industries to the next level, I am energized to assist in designing DCGD’s top down management structure”
About Discovery Gold Corporation
Discovery Gold Corporation (GRN Holding Corporation) Adds Jeff Sharkey to Its Strategic Advisory Board
Thursday, August 1, 2019 1:52 PM
SEATTLE, WA / ACCESSWIRE / August 1, 2019 / Discovery Gold Corporation. (OTCPINK:DCGD, the “Company”), which has announced a corporate name change to GRN Holding Corporation, is pleased to announce it has added Dr. Jeffrey Sharkey to its Strategic Advisory Board. Dr. Sharkey will assist the Company in its State, Federal, and International government affairs and regulatory efforts.
Dr. Sharkey is a nationally recognized marijuana and hemp government relations consultant based in the State of Florida. He was directly involved in the development of legislation creating the state’s medical marijuana legislation in 2014 and each year’s legislative expansion of the program. He is the founder and President of the Medical Marijuana Business Association of Florida which has provided rational policy guidance to policy makers and assists individuals with identifying and securing new business opportunities in the state’s expanding medical marijuana industry.
In addition, Dr Sharkey has been directly involved legislation to create the state’s new Hemp program, having authored the legislation for the Industrial Hemp Research program and most recently the State Hemp Plan authorized under the 2018 Federal Farm Bill. Dr. Sharkey is also a co-founder of Sunshine Hemp, Inc. which was recently issued the State of Florida’s first public-private Hemp Planting permit in cooperation with Florida Agriculture and Mechanical University (FAMU).
“Dr. Sharkey has tremendous insights and experience in all aspects of marijuana and hemp policy at the state and national level and can help the company develop successful growth strategies in diverse markets across the U.S. We truly look forward to Jeff’s guidance in moving DCGD forward”, commented Justin Costello, CEO of the Company.
Regarding the appointment to the Advisory Board, Mr. Sharkey said: “I am very excited to be able to assist and spearhead DCGD’s policy agenda and regulatory strategy as it looks to provide significant growth opportunities for investors in the marijuana and hemp markets. I look forward to working with DCGD”
Hello CJ
Been awhile
Gorgeous chart!!!!!!
Bee awhile since I saw one as pretty---
DOLV when it became JBZY was not as good as this ---
Is there a target company looking at this shell??
Hey Dragon---
How's your health doing???
You sound a lot better than a year or so back----
Is it this DCGD that has your excitement????
Anything you can tell me about it???
cheers--art
Very possible that a couple of MMs negotiated a retail trade--or Possibly a customer called in and placed a discretionary order and this gives the MM time to visit around and arrange a fill----the commission is higher, but anyone can do this--
I did not see the transaction--
Did it all go negotiated price???
It could have been a MM dealer trade if it did
6750 BID
6750 ASK
What do you bet we see a trade of 6750
Yes,, it is ultra rare
BUT<<<it does happen---
FTNW---was BEAC when de-registered by the SEC and sent to the grave--oblivion----
But the company issued a PR saying that they would be back--
And they spent the money, did what the SE requested, returned to the GREY Sheets and continued doing the necessary SEC requirements and VIOLA--now listed on the NASDAQ
Took some time --year or two or so as I recall--it was a reverse mmerger by a private company to go public---a couple of RS deals to evaporate stock and everybody lost their arse--
Aaaha----I see!!!!
Did you get it??? NYG????
NYG----Perhaps Han was warned about talking about the company regarding things that are not yet public info--
A CEO promoting his company when the company is delinquent in their filings and financials would be considered a no-no here---
Even if he were not "promoting",, it could still be considered that way---
Nice size, at the moment, on today's BID--- little over 21K----
I have made some decent "bank" on JBZY,, over the months/years,, since the absolute very beginning,, before we realized it was batteries,,, so I added another 5k this week--methinks there more to be made
Isn't there an old ""Chinese??"" proverb that says------No ticky,, No complainy
Hey,,, how about this post ---anybody remember this??? or the poster??
PURA VIDA Wednesday, 05/30/18 01:43:20 PM
Re: None 0
Post #
189051
of 204039
An interesting member post:
Quote:
I met HUANG Hua and Jinbo CEO WANG Jinlai on my trip to Beijing.
HUANG Hua is a lawyer, a young mother of two. People there call her Esq. Huang. She is extremely intelligent, down to earth, and straight forward. She works very hard. She told me that they are so busy that a lot of times she only sleeps for three to four hours a day.
WANG Jinlai is the CEO of Jinbo Group. He runs the whole group of companies. WANG is a Vietnam war veteran (the Sino-Vietnam war https://en.wikipedia.org/wiki/Sino-Vietnamese_War, not our Vietnam war). He was in a role similar to our navy SEAL. It appears to me that WANG Jinlai runs the front and WANG DeQun runs the back of Jinbo Group. This WANG-WANG duo sounds like win-win to me. I don't know how their relationship was forged, but I would rather believe that their friendship is like Forrest Gump and Lieutenant Dan.
They gave me as gift a hard copy of one issue of World Chinese Elites magazine (www.wcuga.com/wce_6.asp) issue 159 published July 2016. It is not available online. This special issue covers Mr. WANG Jinlai and Jinbo Investment Holding Group in detail.
I'm starting to connect his prior career as navy SEAL to his way of running a groups of companies, setting a target, quietly taking the target, and expanding the victory step-by-step. He has grown the group from ground up to today's presence in about ten years. People working close to him told me that he is like a magnet, attracting all kinds of smart and hard-working people to work for the company.
I found out that MA Hong as a listed officer in NV SOS filing, is not an outsider. He is the chief financial officer of Jinbo Group. Now the X Factor issue can be put to rest.
They told me that they are going NASDAQ. I hope this is not considered as insider information.
One thing we have to understand is that the companies within a group in China is much fluid than ours. They can make swift decisions and mobilize talent and assets easily among companies to focus on certain targets during certain period of time. This assumption is also based on the fact that they infused 5,0000,0000 RMB into the newly founded company Zhongtou (CIC) Jinbo. I intend to believe that money is either setup as collateral for CIC funding or it is used for expansion of production line. This makes me believe that at this moment how much assets ZJMY has does not matter, it is Jinbo group who's driving this green energy project forward. Even further, how much assets Jinbo has does not matter, it is their technology that determines their market share in EV space, and that market share determines the future value of our stock. People starts getting antsy when PR and financials do not come as they expected. People who have a vision knowing where this company is going should have an understanding that this stock could go to dollar and way beyond in short term.
I see three elements which determines the future of the stock: People, market and technology. We have a very strong and capable team leading by WANG & WANG, we have the EV market literally waiting to be filled and with government full support, and we have technology system better than Tesla and BYD.
I restrained myself from behaving like curious George, did not ask many questions, just went along with the conversation. I'm like you, have so many unanswered questions. What I got from the trip is that I feel we are in good hands, and our questions will be answered when the time is right.
Ya'll remember this???
BitcoinOTC Thursday, 05/31/18 10:23:53 AM
Re: None 0
Post #
189148
of 204038
Source says- "Alright folks, time to clear the air and hopefully make some things make sense for the rest of you.
Here we go. For starters, here's the obvious stuff to get out of the way:
1) Are the fins posted recently what we expected to see? Hell No.
2) Do they show any debt? No
3) Do they show additional paid in capital? Yes, 2.7m (approx)
4) Are they STILL better than the fins filed by about 90% of the OTC? Hell Yes.
5) Is the sell off that followed a reasonable reaction by the market? I don't think so. The $1-2 channel that we've been trading in was reached over time, it did not price in the anticipation that financials were going to rocket this thing to the moon or we would have floated considerably higher in recent weeks. If you ask me, this ticker is VERY oversold right now considering there was nothing negative in the financials, just, nothing amazing either.
Moving on:
FAQ:
Q: What is going on with Long Star? Why doesn't their revenue show up in the financials? Why isn't their partnership listed in the financials?
A: Ok, well that's actually 3 questions I guess, so I'll answer them all here, to the best of my ability.
A timeline in review:
9/11/17: ZJMY acquires 37.7% stake in Guangxi Long Star
4/07/18: Han Zhiming now assumes the equity in Long Star, although no percentage is shown. ZJMY's registry page shows them dropping the foreign investment.
Qa: What is going on with Long Star?
A: Long Star is producing EV's. Fact.
Qb: Why doesn't their revenue show up in the financials?
A: This is the $64,000 question. Let's assume that ZJMY did drop their equity stake in April. The collaborative efforts of the partnership should have yielded revs during the months of September to March, right? At least 2 out of the 5 production bases planned are producing, so you would think...
So what is the explanation?
To answer this, we have to go back to the Nov. 3 merger on WYSOS. JB & ZJMY Holding Co, Ltd (China) was merged into the JBZY ticker. The only logical explanation is 1 of 2 things:
1) ZJMY was not part of what was merged in Nov 3 and at this time is still not, meaning that the company merged in on Nov 3 was itself a shell, or,
2) ZJMY IS included and literally hasn't made any significant amount of money.
Logically, you would think that the former was true, because if ZJMY was included in the ticker during the periods covered in the Annual and Q1 would have shown partnered income with long star. They didn't. However,
The answer should be the latter. This scenario is supported by 2 pieces of evidence,
A) The financials stated that the company had not yet acquired licensure by the PRC, and as such had not yet begun selling cars, and
B) They indicated that 3 cars had been sold to date. They also made reference to a third-party manufacturer.
Emerging Growth Company: This is the missing piece of the puzzle in scenario 2. Under Emerging Growth standards, a company can omit financial information for a subsidiary/partner that has exited at the time the financial report is disclosed.
Here is what I think happened: ZJMY didn't get their certification as fast as they expected to. As a result the partnership with Long Star got stale, and rather than monopolize a significant percentage of the production capacity of those plants in an idle state, the two companies agreed to just part ways until such time as ZJMY has the necessary certs to produce. This evidence is supported by the fact that Han Zhiming himself now holds the equity previously held by ZJMY in Long Star, which would indicate a relationship is still there, but that at this time it solely benefits Han Zhiming and does not benefit the company. This is also another way to omit those revenues in future financials.
Now, it's pretty common knowledge now, I think, that a member of Camp Long has an open line of communication with him. He had indicated around the end of March that 2 months hence there would be swap stations online. We are now 2 months hence, and supposedly, that has come to pass.
So let's talk about swap stations for a minute.
May 8th, 2018, the patent for the swap stations was finally approved. It is extensive, and I have the full text of the patent, but I'm not going to post it here because it's stupid long. I can post it later if anyone cares.
Q: Ok, so if no cars are produced, who the hell is going to use the swap stations even if they are online?
A: This is a good question. ZJMY's battery patent was for 3.0 ternary, which was meant to primarily be used in high speed EV's, but long star produces many low speed models as well. I suspect, and this part of what I'm saying is purely speculation, that their swap stations will have multiple modes in order to service other models. Either way, ZJMY is anticipating having certified cars in the relatively near future, so going forward the swap stations will generate revenue regardless.
So what does it mean for the future? Well, if we're serving other models, and ZJMY is included at present in the ticker, we will see revenue produced. If they aren't serving other models, we won't see it until company can sell cars. Either way, a lot of money sitting there if they aren't operating.
If ZJMY is not included in the ticker yet, we will see the same thing we saw in Q4 2017 and Q1 2018.
Ok, so enough with ZJMY. What about the rest of Jinbo?
Now, I'll admit, I previously thought that Wang had already moved Jinbo assets into the ticker via the Nov 3 merger. That turns out to have not been the case, it would seem... Yet.
Q: What about the uplist? Wasn't that supposed to be imminent?
A: Lol, yeah, we figured it would be happening right around now, but Wang has unfortunately shattered all of our timelines. We haven't been wrong about the company's movements, but as for when the result of those movements will reflect in our share price, well, we've all been kinda left scratching our heads a bit.
Enter Chinese Strategic Holdings-
On April 18th, a press release came out in China announcing that Chinese Entertainment, a subsidiary of Chinese Strategic, would be acquiring 95% of the Shenzen Jinbo Investment Holding Group. Wang became CEO of Chinese Entertainment on January 9th, 2018. In effect this does 2 things:
1) Wang re-assumes control of SJIHG
2) SJIHG is now effectively back-door listed on HKEX. (I have said this before)
The agreement was for a 12 month strategic partnership. Here's the other thing that happened: Chinese Strategic also has 2 pending CUSIPs on BSX, the Bermuda Stock Exchange, so Chinese Strategic, it would appear, is about to become dual listed. I can post the CUSIP numbers if anyone cares, ask.
What does this mean for Jinbo? Chinese Strategic needed help getting their listings, and merging Jinbo in got them where they needed to be, but in effect, it will make it easier for Jinbo then to cross list on a senior exchange on US markets. Part A of that plan has taken effect. When Part B happens will be anyone's guess.
Here's what else it means: Wang can maneuver the entirety of Jinbo's assets by moving a single company around. Which means,
Jinbo can be brought into JBZY with a single WYSOS merger filing.
So THIS is seemingly what is going on behind the scenes. Yes, Wang is not acting like he has any particular concern for US shareholders, but I don't think that is the case. IN MY VIEW Wang planned on being able to uplist already, he didn't want to spend the money staying current on the sewer OTC exchanges, but since that timeline didn't work out for him either, he begrudgingly produced financials and paid all the fees to get us current again. Nobody gets rich by spending money needlessly. You'll note the stop sign and yield sign are both gone now.
For those of you who are complaining that Wang isn't communicating with the US, well, he is if you know where to look. We have had a material event that advances the company's agenda almost every single month since Wang bought the shell. Here's a timeline for those of you who can't seem to keep that in mind:
1/11/17: Name change on WYSOS
2/7/17: 2017 Annual Report filed on WYSOS
2/14/17: Annual Report Amended on WYSOS
3/21/17: Annual Report Amended on OTC
3/21/17: Attorney Letter filed on OTC
3/21/17: Multiple Q's filed on OTC
3/22/17: Second Attorney Letter filed on OTC
4/6/17: PR announcing Wang bought the shell
4/7/17: Annual Report filed on OTC
4/7/17: Attorney Letter filed on OTC, we are now current
5/8/17: Name change on WYSOS to JB & ZJMY Company, Ltd
6/27/17: 8-K filed with SEC
6/30/17: Q filed with OTC
7/4/17: Q Amended
7/4/17: Q Amended
7/6/17: Q filed with OTC
7/11/17: Q filed with OTC
7/14/17: Name Change on WYSOS to JB & ZJMY Holding Company, Ltd
8/9/17: 10-K and Multiple 10Q's filed with the SEC to cover the delinquent reporting period when DOLV was SEC reporting
9/12/17: Q2 filed on OTC
10/23/17: Ticker change announced
10/25/17: Ticker change effective
11/3/17: Merger filing on WYSOS, JB & ZJMY Company, Ltd (China) merged into the Holding company.
11/30/17: Q3 filed on OTC
1/9/18: Chinese Strategic Holdings Listed on HKEX
1/9/18: Wang becomes CEO of Chinese Entertainment, a sub of CSH
1/12/18: Wang voluntarily dismisses case against legacy shareholders
1/22/18: Jinbo announces internally they will uplist by August
1/23/18: Jinbo announces internally that Wang has become CEO of CE and has backdoor listed on HKEX
2/15/18: Articles of Incorporation amended on WYSOS
3/15/18: Reverse Split announced on FINRA Daily
4/11/18: Reverse Split effective
4/18/18: Chinese Strategic announces partnership with Jinbo
4/19/18: Jinbo announces internally that "IPO" plans are moving forward
5/8/18: ZJMY patent for swap stations finally approved after almost a year
5/24/18: Annual Report filed on OTC
5/24/18: Attorney Letter filed with OTC
5/25/18: Q1 filed with OTC
5/29/18: Q1 Amended twice, we are officially current again
So, with all that said, a material event EVERY. SINGLE. MONTH. Can you really tell me that all of that happened and yet this company is still a scam? All that money was spent just to suck money out of US shareholders? Do you REALLY think the recently filed Annual and Q is the end of the story here?
I didn't post the sources of any referenced material here, I usually do. If any of you doubt the legitimacy of anything I'm saying, feel free to request I post it, I have all of it, it's just a lot of work.
CAMP LONG IS ALIVE AND WELL, WE STILL BELIEVE, AND WE ARE BUYING AT A BARGAIN.
Holy crap I'm out of breath."
Great!!!
Please post what you see and what you find out and if you get to visit with Han.
Cheers
Correct
And one of the reasons that I have rebuilt my position---in spite of my local house police---
Manti
Do you have an A O N order for those shares???
If so,,, you probably won't get fi!led....in fact, it will not even be shown on the Bid.
Hey Cash Cow
Is this a Dead Cow !!!!! Now????
Cheers????????
Is your bid an "AON" bid???
Hey there Bud,, you and I have been here a day or two, made a few nickles and then watched it go to hell--I had 3.875 mil shares of this and I lightened up and then the RS ---so now down to a few K---I had a very good visit with a couple of my ole NYSE buddies---they know a thing or two about the Chinese owned and managed OTC companies---""they are quite literally under the thumb of the Chinese government""---if the government is ""IN THE BED WITH THEM"" then the risk is totally obliterated and it is strictly a long term wait----
It is the same ole story of Capitalism vs Communism---and since this is a Chinese company it will be done their way---they will provide the proper financials--and comply with all of FINRAs requests---but it will happen on there time table---
I am sticking with the program here---and adding shares when the "house police is not looking""
GLTY--I mean it ---Art
Thanks Stim
Excellent follow up--
Good dd Info
art
Thanks CW
Excellent post
art