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Jin Bo Investment Holding Group to promote innovation and development
I posted this article earlier, but it's showing up more and more when searching for ZJMY. I thought I would repost it for anyone that missed it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=134810484
http://www.senn.com.cn/jykx/2017/09/22/213307.html
Thanks. The resources it takes to launch satellites into space is not a few millions of dollars. It takes hundreds of millions of funding. Jinbo Group is doing more than raising eyebrows.
My first thought was Tesla and SpaceX.
Jinbo is indeed massive. See new article.
We do not know how much of Jinbo will be rolling in to the DOLV shell. I'm being conservative and only counting on a few (for now):
Zhongji Ming Yang New Energy Technology Co., Ltd.,
Wuhu Huaba Electric Vehicle Co., Ltd (ZJMY's subsidiary)
Jinbo Zhong Ji Ming Yang Motor Trading Co.
and of course a good amount of revenues from Long Star since ZJMY owns 37.7% of Guangxi long for the new energy vehicles Technology Co., Ltd. That should be plenty to get the PPS rolling. Throw more into the shell, and the potential is mind-boggling.
We know from the 2nd Quarterly report (see below article) that Jinbo Investment Holding Group "holds patents in the field of battery technology" so Jinbo Group may play a more integrated role with ZJMY, rather than just financier.
Jinbo Group new article:
http://www.cnwjcj.com/news/focus/4719.html
The article posted by Ken last week is now on the Jinbo Group website.
https://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.jingtezmt.com%2Fbaorun%2Fvip_doc%2F5912816.html&edit-text=
http://www.jingtezmt.com/baorun/vip_doc/5912816.html
Here is the Jinbo Group article about Jinbo acquiring Dili Shopping Plaza and Center in Zhangjiakou and the soccer Cermoney participation.
https://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=http%3A%2F%2Fwww.jingtezmt.com%2Fbaorun%2Fvip_doc%2F5912327.html
http://www.jingtezmt.com/baorun/vip_doc/5912327.html
I suggest you go through everything and place (or not place) your bet. If you're skeptical after that DD process, there are probably safer plays out there with a lot less potential, IMO. Don't waste your time if you have too many doubts.
IMO, the square meshed Z logos are real. I have seen a few Z logos that, appear to be pasted over the Long Star logos. I believe this was done initially for promotional purposes. The video of the Z EV in the Long Star factory is undeniably real IMO.
Since ZJMY is a 37.7% shareholder in Guangxi Long Star, they can legally put their Z logo over the Long Star logo. At this point ZJMY doesn't have to. There are plenty of real "Z" EV pics at this point. It is important to note, that ZJMY will be getting profits from the Long Star EVs that are sold too. That's the perk of being a major shareholder in Long Star. This DD has been covered in detail lately.
I'm not going to try to convince you of it. Look at all the pictures and DD from the beginning, and decide for yourself. I have done my research and placed by bets.
Here is a good one to start with. Note all the pictures at the bottom of the post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134688403
Welcome. That article was originally posted by BklynScott and then Dai posted a translation.
It became a widely distributed article, posted on 100s of Chinese websites. Thanks for posting it. It is a good read for anyone that hasn't read it yet.
Dai provided english translation of BklynScott original posted article.
Securities times, Li Shouren
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132874267
Here are a couple of new articles posted on 9/20/2017 from 21cnev.com (China New Energy Vehicles).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134767141
Kenimous kindly posted the translation and the pictures.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134769855
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134761012
For sure. The second article is the one xlog and Ken recently posted, but now these articles will gain traction in China, after being on the well-known China new energy vehicle website.
ZJMY V9 in mainstream China news!!!
Paste in Google Chrome and translate
http://m.21cnev.com/archive.php?aid=776500
http://m.21cnev.com/archive.php?aid=776499
Wang Jinlai has a doctoral certificate from the University of California, according to a site talking about the Jinbo family.
Jin Bo Group Chairman Professor Wang Jinlai received a doctoral certificate from the University of California. Professor Fan Wenxuan (University of California, Ph.D. tutor, ) personally presented the certificate.
Wang Jinlai having dinner.
Jinbo purchased shopping center and mall in Zhangjiakou.
Wang in front of building with "Jinbo Group" on the sign (not sure on other person or GBR). IMO, there is a ZJMY EV over the left shoulder of the guy on the right.
Jinbo Group awards and recognition from the State.
Don't forget the JB&ZJMY Train advertising.
Wang Dequn is Wang Jinlai Updated
I left out some of the best proof from the DOLV 2017 2nd Quarterly Report:
https://www.otcmarkets.com/financialReportViewer?symbol=DOLV&id=179315
This site lists Wang Jinlai as Chairman of Shenzhen Jinbo Investment Holding Group.
Paste in google chrome and translate.
http://news.xxart.net/n1009.html
Dequn Wang is listed as Executive Director and General Manager of Shenzhen Jinbo Investment Holding Group on a website for checking businesses.
Paste in google Chrome and translate. I'll include some screenshots.
http://www.qixin.com/company/ce9be86f-a197-4ccf-8502-6fa4e78438be
Another site also lists Wang Dequn as the Legal Representative of Shenzhen Jinbo Investment Holding Group
Paste in google chrome and translate (translated screen shot included).
https://baike.baidu.com/item/%E6%B7%B1%E5%9C%B3%E9%87%91%E5%8D%9A%E6%8A%95%E8%B5%84%E6%8E%A7%E8%82%A1%E9%9B%86%E5%9B%A2%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8/20050744?fr=aladdin
This China Security Times Article as posted to the board long ago also states the Wang Dequn and Wang Jinlai connection from a Chinese Reporter asking questions. This article was posted to hundreds of sites in China, maybe thousands.
Article translated on the board:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132874267
Here is the direct link. Paste in google chrome and translate:
http://www.stcn.com/2017/0711/13482906.shtml
My guess is that revenue was generated from sale of the shell.
Public shells are typically paid for with cash, equity or a combination of the two. That could be a reason why it didn't cost anything to generate those $156 k in revenues. DOLV didn't have to produce anything, they already had the public shell. If there was a cash payment as part of the reverse merger deal, we don't know when it was made. Hopefully some clarity is added to the financials in subsequent quarterly and annual reports.
IMO, the $156 K in revenues might not have anything to do with the sale of EVs, but that is just my thoughts.
The consolidate financial statements have not come out yet for whatever reason. When the financial statement comes out, that is when we will see the EV sales of Zhong Ji Ming Yang (ZJMY), and any revenue from other subsidiaries IMO.
I've said this before.
When FINRA lists the new ticker for DOLV and we get the new name posted: JB&ZJMY Holding Company, Inc., then all corporate actions related to the merger will be complete and the 8K and PRs can come out. At that time is when I expect the consolidated financial statement showing what ZJMY has to offer.
I for one will wait around longer to see. Apparently many others (even though they don't believe) are waiting around to see too.
Have you noticed the license plate numbers?
I've seen a couple variations of the Z logo. That's the "Z" I prefer.
License Plate numbers:
From what I have seen from the License Plate numbers, Long Star started producing "Z" EVs around 9907000 (It could be earlier). We have seen License plates numbers throughout the range from 9907000, all the way to the Long Star donated Police EV (Cheetah) with a License Plate number of 9909807.
I have seen both "Z" logos and Long Star logos throughout that range from 9907000 to 9909807. Flo has said that Long Star is using ZJMY's tech. The Longs here guessed that long ago. Why would Long Star use their own inferior battery tech alongside ZJMY's superior battery tech in the same Long Star models?....they wouldn't. That is probably part of the ZJMY-Long Star OEM deal.
In short,
There have been about 3000 ZJMY and Long Star EVs produced (since the "Z" EVs surfaced) based on the license plate numbers I've seen. It could be many many more at this point.
Long Star-ZJMY Connection DD Timeline updated:
I probably left out many pertinent posts but you get the idea.
Kenimous
9/19/17 Our Cars are Made in A LONG STAR Factory.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134718733
Stock Farmer
9/12/17 Third independent website confirming ZJMY is Shareholder in Long Star.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134569299
Stock Farmer
9/12/17 Additional evidence that ZJMY is Long Star Shareholder
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134539534
Kenimous
9/11/17 ZJMY became shareholder in Long Star on 8/16/17.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134537274
Floridany
7/15/17- I Visited ZJMY and Met President HAN Zhiming
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133028011
Interesting find on KaWei Group site.
http://en.kaweigroup.com/intro/22.html
Wow! Excellent compilation. Several pictures I haven't seen yet.
..And I thought I had seen them all.
One of the best posts for accessing DOLV-ZJMY DD I have seen.
That is an amazing visual reminder of the journey this far.
Thanks for taking the time to do this. You have mad skills.
I recommend this post be stickied. I recommend twice.
Three thumbs up!
Thanks for the reminders. We know Wang has a substantial resume.
I tried adding up all the assets of the companies under Wang Dequn and Wang Jinlai. I only got about a quarter of the way through before it was becoming too time consuming. Your list puts the companies over 160 (I didn't check for duplicates). There may be quite a few under Wang Jinlai too, that aren't in your list.
I know some of the asset numbers are mistranslated on some sites. I was trying to cross check Wang's companies on a couple different sites to be sure of the numbers. I typically erred on the lower number (i.e. if it said 1000 million or 10 million I went with the 10). I was up to about a quarter million in assets and only a quarter way through Wang's companies before I decided that was enough evidence that Wang's companies would be worth well north of 1 billion.
If Jinbo can buy 100 million in wine, tens of millions worth of resorts, hotels and shopping plazas, then they are certainly worth more than 1 billion USD.
Here is the spreadsheet I was working on.
Prove its not.
You can't, plain and simple.
Thanks for bringing that up. If anyone missed it there are photos of Floridany in a ZJMY V9 in front of a ZJMY store in Beijing.
Here is the link:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134663708
Most definitely. It isn't happenstance that Jinbo Group's presence is increasing in Beijing and Zhangjiakou at this time. It is a calculated effort to corner the market when they will have an international captive audience there for the Olympics. They will garner national and world attention much sooner than the Olympics though.
Jinbo has a comprehensive plan featuring transportation (ZJMY EVs), tourism, advertising, hotels, resorts, shopping plazas, E-commerce, phones with online payment, luxury car dealership...
Welcome. The security times article was a good widely distributed Chinese article, independent of this board, stating that Wang Dequn is commonly known as Wang Jinlai.
I trust Sharks and Floridany though, based on their track records.
There are obvious connections if one looks.
Dequn Wang is listed as Executive Director and General Manager of Shenzhen Jinbo Investment Holding Group on a website for checking businesses.
Paste in google Chrome and translate. I'll include some screenshots.
http://www.qixin.com/company/ce9be86f-a197-4ccf-8502-6fa4e78438be
Another site also lists Wang Dequn as the Legal Representative of Shenzhen Jinbo Investment Holding Group
Paste in google chrome and translate (translated screen shot included).
https://baike.baidu.com/item/%E6%B7%B1%E5%9C%B3%E9%87%91%E5%8D%9A%E6%8A%95%E8%B5%84%E6%8E%A7%E8%82%A1%E9%9B%86%E5%9B%A2%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8/20050744?fr=aladdin
This site lists Wang Jinlai as Chairman of Shenzhen Jinbo Investment Holding Group.
Paste in google chrome and translate.
http://news.xxart.net/n1009.html
This China Security Times Article as posted to the board long ago also states the Wang Dequn and Wang Jinlai connection from a Chinese Reporter asking questions. This article was posted to hundreds of sites in China, maybe thousands.
Article translated on the board:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132874267
Here is the direct link. Paste in google chrome and translate:
http://www.stcn.com/2017/0711/13482906.shtml
Not sure how the company came up with the APIC number.
The APIC is not important. Forest for the trees. Jinbo has $$$$. ZJMY is a subsidiary of Jinbo and ZJMY was acquired by Dolat Ventures. ZJMY has a 37.7% stake in Guangxi Long Star which is projecting 5 billion yuan a year in their new production base, capable of producting 150,000+ EVs annually. Jinbo Group grows daily.
Keep looking for the negative. I'll focus on the DD that really matters.
See my post about Additional Paid in Capital
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134580899
We have seen that FINRA is unpredictable like a deer in the headlights.
I agree with illhabela777 that the thorough deep cleaning of DOLV is due to past shady management of DOLV, and the current court case for the 54 million shares. IMO, They are double, triple checking the shell and making sure there are no more skeletons laying around. At the same time, FINRA is giving the investor more time to properly vet the company and make an educated investment decision.
I believe FINRA could have been a bit surprised how big of business vehicle ZJMY is with the parent company Jinbo. If they have dived into Jinbo's financials they were probably shocked, just like a deer jumping in front of a semi truck at night....maybe soon FINRA will quit running in front of JB&ZJMY and let them speed forward.
IMO, the ticker change won't be this week, but I hope I am wrong (reverse psychology on the date prediction, ha ha).
Many others too.
Kenimous, illhabela and many more.
Thanks Choi. I'll break the article down.
I've seen this article but didn't have time to break it down before.
The money will be divided between a number of projects. New Energy Vehicle (NEV) production with Guanxi Long Star is one of the 3 main areas of investment noted in the article.
ZJMY is a 37.7% shareholder in Guangxi Long Star as proven here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134569299
The article mentions investment in Guanxi Long Star specifically. We can conclude that a significant amount of $$$ is allotted to them as I will show below.
The 10-Q covers 2013. That just proves DOLV is/was a shell with nominal assets and operations (business was not good for DOLV in 2013). We have a different animal now.
DOLV has acquired Zhong Ji Ming Yang (ZJMY), an EV company and now has significantly more cash and assets. See the recently posted Quarterly Report that covers the second quarter of 2017.
https://www.otcmarkets.com/financialReportViewer?symbol=DOLV&id=179315
DOLV has not yet posted consolidated financials covering the fins of all its subsidiaries. As of the last quarterly, there were 156 K in revenues, so something positive is definitely going on to produce those revs. Those revs will increase exponentially in subsequent quarters.
About $200 k in cash looks better than the $20 K in Dec 2016, or the $2 in Feb 28, 2013 as stated in the 10-Q. Do you see a pattern?
Agree. Thanks Flo. We are all indebted and grateful.
It is nice to see the V9 with Flo behind the wheel. The V9 is the red and white EVs on ZJMY's website, with bodies and frames produced by Long Star. ZJMY provides the battery, electric motor and electric components.
It is nice to see the Z, since the white V9 on ZJMY's website still has the long star symbol. Now we know ZJMY owns shares in Long Star. Everything is coming together.
http://www.zjmy888.com/#page3
Thanks for the great pics of a ZJMY EV.
KaWei Group, SF, and Brilliance Auto possible Cooperations
Using the term facts loosely??
Here are the facts on OS.
https://www.otcmarkets.com/financialReportViewer?symbol=DOLV&id=175678
Q1
OS = 777,691,800 as of March 31, 2017
https://www.otcmarkets.com/financialReportViewer?symbol=DOLV&id=179315
Q2
OS = 790,191,800 as of June 30, 2017
That is an increase of 12.5 million which happens to equal the amount of shares Anying Huang gained in the second quarter.
Agree. More info is needed to know for sure.
I'm not going anywhere either.
Where do you think the APIC came from?
The shares issued to Anying Huang?
Isn't ZJMY booking the contributed capital in excess of par value of his issued shares? That would be my guess.
From investopedia:
Additional Paid In Capital
What is 'Additional Paid In Capital'
Additional paid-in-capital represents the excess paid by an investor over and above the par-value price of a stock issue and is often included in the contributed surplus account in the shareholders' equity section of a company's balance sheet. Additional paid-in-capital can arise from issuing either preferred stock or common stock.
Additional Paid In Capital
BREAKING DOWN 'Additional Paid In Capital'
Equity and debt are both offered to investors as a financial product. Like other products, there's a cost of making the product, and the company makes money from selling the product for a profit. Additional paid-in-capital, also known as contributed capital in excess of par, is another way of referring to profit on common stock. It is the book value of profit from selling a share of stock over and above the cost of the share. The cost of the share is referred to as the par value. The par value for a share is printed on the stock certificate. Additional paid-in-capital is the amount investors have paid the company over and above par value.
It is important to note that additional paid-in-capital is only recorded at the initial public offering. The transactions that occur after the initial public offering do not increase the additional paid-in-capital account.
Additional Paid-In-Capital Example
Assume that a company issues 1 million shares with a par value of $50 per share. When the shares are purchased by investors, however, they pay $70 per share, a premium of $20 over par value. When the capital received from this issue is recorded, $50 million is allocated to a share capital or paid-in-capital account. The excess $20 million is allocated to the contributed surplus account as additional paid-in-capital. Some companies choose to separate additional paid-in-capital from contributed surplus on their balance sheets.
Par Value
Par value is a tricky concept for students of accounting and finance; however, it is at the heart of the additional paid-in capital calculation. Par value represents the cost of a share of stock, but is an arbitrary number. In this way, additional paid-in-capital may be considered an arbitrary number and, therefore, somewhat meaningless. It is the equivalent of a company selling air, assigning an arbitrary cost to the air and then booking the difference as profit.
The par value is set when the company originally issues shares before there is a market. That said, it is not uncommon for the par value to be set at 1 cent per share. This is due to state laws, some of which restrict companies from selling shares below par value. Some states even allow companies to offer shares with no par value.
Thank you yet again.
Long Star-ZJMY Connection DD Timeline updated:
I probably left out many pertinent posts but you get the idea.
Stock Farmer
7/12/17 Third independent website confirming ZJMY is Shareholder in Long Star.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134569299
Stock Farmer
7/12/17 Additional evidence that ZJMY is Long Star Shareholder
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134539534
Kenimous
9/11/17 ZJMY became shareholder in Long Star on 8/16/17.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134537274
Floridany
7/15/17- I Visited ZJMY and Met President HAN Zhiming
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133028011
It is great. DOLV acquired ZJMY - Zhong Ji Ming Yang, and ZJMY has become a significant shareholder in Long Star.
Long trail of DD of the ZJMY-Long Star connection. I will post it for you soon, so you can follow it from the beginning.
ZJMY = Long Star Shareholder. 3rd independent source.
Just to prove my point that there are more sources showing Zhong Ji Ming Yang is a shareholder in Guangxi long time Star New Energy Vehicle Technology Co., Ltd. This is too easy (Wechat not needed).
http://www.qixin.com/company/7fdc44da-88f1-438d-a957-cea99381b06e
Short synopsis on Quarterly:
1. Total assets increased by about a million from the first quarterly report.
2. DOLV went from about $80,000 loss in fist quarter to about $156,000 in revenue in the second quarterly report.
3. No consolidated financials yet, otherwise we would see separate financial sections for each subsidiary.
4. Anying Huang picked up another 12.5 million shares, accounting for the OS increase in quarter 2.
5. It lists 54,597,949 restricted shares, which presumably are the shares associated with the lawsuit.
6. Paid in capital of around $250,000 in Q2, to bring yearly total near 2.5 million.
Overall Quarterly feeling: OK overall, not great. I don't think it will merit any significant change in PPS based solely off the quarterly's numbers.
I have to agree with some that operating expenses from around $80,000 in Q1 to $1,367 in Q2 seems a bit odd. My gut would tell me that whole column is off by 2 decimal places. $136,700 seems more congruent with what Q2 operating expenses should be, which should have increased IMO. 15.6 million makes more sense for revenues given the sales I believe they should have had.
I've noticed a few errors, so an amended quarterly is not out of the question.
IMO. Balanced partnership deals. That is why ZJMY is implementing the OEM Production Model. They use existing manufacturing to produce their product, saving tens of millions or more.
We do need more enlightenment on this but that doesn't change the DD for me. Of course we need to see the consolidated financials to know the whole story.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134208408