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Photos look pretty regular to me....
Probably just snapped on a phone by the looks of it.
Do I care? Absolutely not!
Great to see they secured a partnership!
Every stock on the Pink is technically a YET.
They all have the possibility that they could be suspended. Its a fact.
Does not mean its going to happen.
Thanks for the lunchtime chat. This conversation is going nowhere as usual, so I will bow out.
Good luck and hope you gain back what you lost.
I am down and have not been defrauded.
I am quite content with my position and look forward to the future.
(take a page from my book... life is better that way)
Please show me anywhere reputable that has come out saying this is on a fraud suspect list, or that a fraud has taken place. You can't. You can just say it is fraud because you lost money.
Fact is, this stock is still trading and has not been suspended yet. Whether they release the quarterly or not, they are not in violation of anything, a fact many should have known before buying up shares.
If you wanted a fully reporting company, try the NYSE. This is a penny stock. This is a reality.
Then it was his own fault.
Everyone knows this is a penny stock. If you invest your millions in this stock, be prepared to lose it all or don't play.
I do not feel bad for anyone.
I would also like to point out, you don't lose anything unless you sell, and that is your choice.
This is only a fraud when it gets suspended.
What truth? There has been no truth. No communication.
It is fabricated that anything contrary to what has been released so far is truth.
Why would we hope for that?
Uhh... 18 for a country of 1.36 billion...
Do the math.
Again, Nio is implementing 18 on ONE 2000 km highway. That is one every 111 km. We are not talking city use here.
I''m not too concerned that there are other charging methods coming out.
The fact remains, we have a product that is in it's launch phase, with a solid brick and mortar building currently in a roll out.
This Nio launch has not actually taken place yet either, just the plans.
Apply this to current life. There is not just ONE company building gas stations. Several do. While the technology is pretty standard for gas, EV tech might not be. Nio is one of the first to come out with this swapping station implementation, however, it is only on one stretch of highway in one province. China is HUGE. 18 charging stations built for only two types of cars in production from ONE company is not really a market disrupter.
The technology more than likely is not the same as what our company is stating they have. I'm curious about the swap time (both state 3 minutes), as well as how long their batteries last. The swap station we are building is able to change up to 300 batteries a day. The Nio swap station is minuscule in comparison, not only in size but in volume capacity from the looks of it. Consider the markets we are going ofter. Nio is high performance, JBZY is public transportation as a primary, and public commercialization as a secondary.
Should we be concerned? Maybe, but the company should for one, inform shareholders what is going on. And Two, light the fire to get this to market if we want to really be a disrupter. 18 swap stations is nothing in comparison to the 2000 they wanted to launch with JBZY by 2020 .
Time will tell.
One was in March.... that was 9 months ago, not 'just months ago'.
The investment from Carden was to grow TruFood and enter it into a rebranding phase, and then to franchise them out. I believe this is ongoing as Everett has mentioned the plans are in place and are currently being executed for a launch of TruFood in early 2019.
This new investment is good news for the company. Those concerned about the RS in order to raise capital for the costs of growing the business should be at ease now as funds are coming in through other areas than the S1.
Maybe a small RS is needed, however, the 0.01 threshold is now not needed with the injection of new cash.
*eye roll*
but yet shareholders are still here.
If you actually understand what is going on, the company has ownership of several production bases. Where do you think Han goes to visit? Competitor production facilities?
I do not get how one does not understand the structure of this business...
Can you prove it is not valid?
Any particular reason?
Nio - new battery swapping stations
I'm not sure that's how it happened. JB&ZJMY merged into DOLV, DOLV renamed to become JBZY, which is JB&ZJMY.
If you have been keeping up with the statements on the website (they have actually been changing as we noticed with this weeks update), you will see the reference to Jinbo as the JB of JB&ZJMY. Sorrry for the poor quality, but read below and you will see where they list Jinbo)
also
https://imgur.com/a/OsecQ
Keep in mind this is an older screenshot.
All of the financials reference JBZY as the ticker for JB&ZJMY. My question is, Since we have not received any updated Q's since Q1, and Wang has been removed as CEO online, (correct me if I'm wrong), are we now still affiliated with Jinbo?
There is no reference on the website to Jinbo anymore, however, Zhongji Ming Yang is listed as the company. The Z symbol that we see on our financials is still the company symbol of ZJMY, and should still be the symbol of JBZY, however, I'm a bit confused as to why they removed the reference to JB.
I have to agree with Dennis that it could be possible. As per the statement on the notice, it does say "Times", meaning that it could happen again. The company would have to do another notice, but it is possible.
Thought this was interesting. I know this was posted by FlordaNY over a year ago, but looking back at it, there is probably a connection to our last financials.
FloridaNY translated the Wuhu Huabao business plan from 2015 in which some initial funding was set up to establish the base of their company's research and put it into motion. This was before Wuhu Huabao came into the fold of ZJMY, but was acquired shortly after by Wang.
Regardless, Wuhu Huabao is the technology part of the battery swapping business. Look at what was approved for initial funding below:
"ZJMY's Battery and EV Technology
Always go back check the original document if you can read Chinese
wenku.baidu.com/view/cbc57af36394dd88d0d233d4b14e852458fb397e.html?from=search
CHAPTER ONE: THE COMPANY AT A GLANCE
Company Name: Wuhu Huabao Electric Vehicle Co., Ltd
Established: September 2015
Registered capital: 1,000,000 Yuan
Legal Representative: HAN Jianfang
Ownership: HAN Jianfang, XIE Haitao
Share Structure: HAN 90%, XIE 10%
Fund Received: 1,909,000 Yuan (till May 20, 2016
Fund Distribution:
1. Battery-swapping model car: 3 vehicles 1,350,000 Yuan
2. Small-scale automatic battery swapping system (3) development and manufacturing cost: 200,000 Yuan
3. Equipment Purchasing: 50,000 Yuan
4. Company setup and operation: 309,000 Yuan
Sources of Funding:
1. HAN Jianfang personal share: 700,000 Yuan
2. XIE Haitao personal share: 100,000 Yuan
3. Wuhu government technology fund: 140,000 yuan
4. HAN Jianfang personal loan and interest
5. Wuxi Dream Flight Aviation Investment Co: 400,000 Yuan
6. Beijing Zhong Ji Ming Yang New Energy Company Investment: 69,000 Yuan
Total: 1,909,000 Yuan
I find it interesting that in 2016, WuHu Wuaboa received the funding to gain 3 EV cars to design to include their technology, and the last financials released for JBZY stated only 3 cars had been sold. I think this connection is exactly what they were stating. Maybe I'm really late to the game in this one, but I've been here over a year and have not seen the connection. No one mentioned who we sold those cars to, and how we could have without the proper license.
Looking at the back-end of what has been happening (without any official updates from the company, much to my dismay), you can see that we have now moved beyond the initial 3 mini small scale battery swapping stations to an official stand alone establishment, on the brink of full commercialization. Their philosophy was always to gain the share of the taxi population first, then public transportation commercialization. This is why the main focus is on the batteries right now, and not the car production. If they can implement the battery technology that other car manufacturers can utilize in their vehicles and take over the taxi industry effectively with this system, it will prove that the system will work for private transportation as well.
It is unrealistic to think that our company would be able to infiltrate the entire taxi industry and be the sole provider of these new types of vehicles and expect a shift to happen. However, if you implement the technology we have created and make it available (at a price) to other manufacturers, you create a revenue generating stream through technology first, and then later on in car sales. In Asia, they consider the taxi population of transportation the backbone of the industry. Once you support the backbone, you can develop the additional limbs.
Let me know if I'm crazy. I am counting on at least a couple of you to refute info, but I think there is something here.
(For those wondering who made the vehicles - The company's main product is a electric vehicle with 330 km working condition recharge mileage (MCRM) and dual-mode of battery charging and swapping. The product get the notification code and production qualification through the commission of Cowin Auto, from the Ministry of Industry and the Ministry of Electric vehicle production announcement number, and produced by Cowin Auto through contract manufacturing. This is the best approach of light operation using existing auto production capacity to achieve rapid production.) - this was confirmed in the financials - a third party built the vehicles.
It's an example that everyone knows.... give the guy a break.
Almost :)
Debatable.
"Cruzani reported initial revenue of $95K for Q3. These revenues reflected initial sales growth from their Oventa Foods subsidiary acquisition that occurred at the end of the second quarter 2018. The revenue reported represents only a partial quarter of revenue since the Oventa asset purchase."
Read more at http://www.stockhouse.com/news/press-releases/2018/11/16/cruzani-inc-s-new-acquisitions-lead-to-record-third-quarter-results#RzMVjyXYOkoVoSBF.99
Maybe, but think misdirection is more harmful than beneficial
Regardless, we will see 40 days in advance of when the RS happens.
I don't see any reason as to why he would write an optimistic post saying he hope it does not come down to a RS. He obviously sees some potential for this PPS to increase and mitigate the requirement for a large RS.
What is he expecting? I'm fine with a minimal RS to increase the PPS if the value keeps increasing after that point in order to recoup any loss. I don't think we will see levels of 1:250 as that would seriously damage shareholders trust in the company.
In addition, what would happen if our Market Cap increased? Would this increase the PPS? (not familiar with how that works, but he mentioned that we were undervalued). Can you shed any light on this?
Did he not say that the Q3 only had about one month of revenue reporting anyhow?
The cost/revenue ratio would have been offset with a full revenue Q. Still probably a skewed ratio, but at least it would have been dampened a bit.
From CEO BLog
"I would like to now provide some dialogue related to funding at this stage in the company’s development:
We basically have two forms of funding available to us, debt (convertible…ie mostly toxic) and equity (using our own securities).
For any readers unfamiliar with convertible debt funding I’ll break it down as follows; A note is issued to the company using our stock as a guarantee. Most of these forms of debt instruments have expensive repayment provisions which can cost between 20% to 40% in the first six months of the note. If the note isn’t repaid within that time frame, the lender then has the right to convert these shares at a discount to the market price that is commonly between 35% and 60%. Such conversions often create a downward spiral effect since the note holder always has a cost basis lower than the current market price. In This senerio, the company has no control over how or when the shares are sold. Additionally, this type of financing creates a huge derivative liability. This type of liability is an inhibitor to up listing. Simply put, convertible debt is not a viable option to consider for a company looking to establish and cultivate strong shareholder value.
That leaves us with the two basic types of equity based lending as far friendlier options; Regulation A or S1.
We chose the S1 over the Reg A because it can be variable priced and because it is far less expensive.
With the Reg A, if the stock price varies more than 20%, PubCo’s then have to re file it. That is a time consuming and expensive process. In addition, the standard discount to market expected by Reg A funding sources is 30 to 35%. In addition, we would have to drop back to alternative reporting status.
The company was able to obtain an S1 financing commitment with a built in 15% discount to market. This is a very reasonable capital cost. There are a couple of rules however; the stock must trade above 1 cent per share and the company must be OTCQB certified. These qualifications are why a reverse split was mentioned in the S1 filing. Another major advantage, to an S1 in addition to cost, is that the company controls the dilution giving us the option to draw on the S1 or not. There are also anti short selling provisions in agreement with the counterparty.
I can sincerely say that I hope a reverse won’t be necessary to meet the requirements of the S1. We have nearly $7 million in hard assets and are approaching $2 million in per annum revenues, and yet our market cap is less than $1 million. Given our current vastly undervalued conditions, we had no choice but to build in a reverse split back up plan into our S1 to assure we can meet our stated 2019 targets.
With that said however, we have definitely NOT filed for a reverse split. Filing for a reverse is a process that requires two notification periods and FINRA approval. Generally, it takes at least 40 days to file for and complete a reverse, and we can amend the S1 at any time before it’s ever deemed effective, and eliminate or lesson the ratio of the reverse, if needed.
Candidly speaking, it takes capital to grow a business as I know everyone is aware. What should be looked at right now is, are we obtaining the most efficient funding that is the least impactful, and are we offsetting the dilution by spending wisely and increasing shareholder value.
It is my sincere hope that this blog will become a useful tool in helping our shareholders and supporters understand some of the steps we take to achieve the goals. "
Everett Dickson
That's rather presumptuous
It was to be expected though. We are in a period of growth and development. We just gained a major asset with Oventa, which was stated that approximately $3Mil will would be needed to grow the production capabilities to net us the $3-$25m revenues anticipated.
You can't really use this Q3 as a basis for how the future is going to play out. As Everett's Blog post stated, the requirements were for 2019 results, meaning if the RS was required, it would happen next year. Does this mean by the end of next year, or the early part of 2019? Who knows, but if we are looking at funding to provide growth, i imagine earlier in the year.
Personally, I think Q4 will be pretty important in terms of showing shareholders tremendous revenue growth over what the Q3 stated, but shareholders also need to keep in mind that you need to spend money to make money. There are still additional events that will impact PPS like the opening of the first QSR which will be direct revenues to the company. I think we will see a few more acquisitions of other smaller QSR's in need of a rebrand, and an expansion of our current product line.
It sounds like Everett is trying to give shareholders the best opportunities with the PPS and trying hard to diminish the losses of an RS.
Fingers crossed we see 300-400% increases in revenue Q over Q.
Agreed.
Not in it for the quick flip at this point.
another 500K today.
Hmmm.
So he retired his shares, then picked up even more?
I'm not sure I follow.
We also did not "put up" a restaurant. The restaurant was already there.
We just entered into a partnership with the after the restaurant was set up.
That is narrow minded. We are not focusing in on pot infused everything.
This may just be a branch. Stop playing like this is now a cannabis food company. Not the case.
Meaning?
All your "disputes" seem to be working....
The PPS is increasing.
Thank you.
The same way we currently have electric car charging...
Do you think Each car company has put the time and effort into creating a new way to charge these cars? No. They all have the same power jacks in order to facilitate charging.
We are creating those power jacks. A new version.
No apologies necessary.
We DO know from the filings that the cars were produced by a third party with OUR technology. You are correct about that. I misspoke. It is completely logical that this would be the way they would produce their prototype cars, prior to fullscale commercial production. No one builds a full scale production manufacturing site just for 3 cars.
The vehicles are not the main event right now, but more so the battery technology and battery swap stations. Imagine building a car before figuring out how they are going to get that car to move. The first thing to do is implement how these cars are going to be charged. Once they master the battery technology, and swap stations, the technology will then be released into the public for commercialization.
Do you think car companies just made a car and gas stations were a complete afterthought? No. Build the infrastructure to support the product. What they are doing is in the right order. It just takes time and a lot of government and corporate involvement.
In regards to Wang, the last filing clearly stated his involvement:
. Officers, Directors, and Control Persons
Names of Officers and Directors:
Wang DeQun
Chief Executive Officer (owns no common shares but owns 500,000 preferred shares).
Mr. Wang is the chairman of JB & ZJMY Co.,
In addition to the above, he is the controlling shareholder, President and sole director of the Company,
JB&ZJMY Holding Company (formerly Dolat Ventures, Inc.), which now serves as the holding company
for Mr. DeQun’s development stage company that focuses on the business of electrical cars and their
support systems. To date, the Company has produced prototypes, holds Chinese Patents, and anticipates
commercialization next year.
"The Company has developed a small, low-cost, fully automatic, multi-function rechargeable car
power plant recharge system. It is a new type of nickel-manganese multi-phase lithium-ion battery: a new
material system, a new process, the new battery structure, the energy density per kilogram to 180W, 50%
higher than the same specifications lithium iron phosphate battery. JB has also developed a prototype
SUV electric vehicle (“EV”) that is able to go up to 600 km (373 miles) on a single charge and is called
the “Millet Ming Yang V3”. To the date of this report, the Company has sold three cars that were
manufactured for the Company by an unrelated third-party manufacturer. The Company is attempting to
obtain a license from the Chinese government to sell electric vehicles domestically but has not yet
succeeded in obtaining the license."
Make some valid ones and we will.
No more messages from Da*()*(**)*
Not true. Re read what they actually said.
They had sold 3 of their own cars. They are still selling their technology to the other companies.