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You are absolutely correct. The financials that are posted on OTC has them making 15k in the last 6 months :)
Don't forget the earthworm pills that the Jinbo Group had on display. They will hopefully take over that market as well.
After going through the financials that were available for the "Wang Group" (which has nothing to do with Wang Jianlin, who is a legit billionaire chairman for the "Wanda Group"), including a forward PE of 1k (because this EV company is in the R&D phase, and not producing cars like Tesla, who gets a 1.5k PE).. the PPS should be around .028 USD.
Now this is obviously my opinion, and should not be taken as investment advice.
robots and earthworm pills.. lol what
It'll be before Monday. Im not going to breakdown financial statements the day after thanksgiving.. and yes, its partial because the Wang Group is made up of a decent amount of entities, which arent all represented.
I'll post the financials as well as the rationale for pps. I know its easier to believe a random picture of someone with a caption compared to reading facts, but you know whats best for you.
JBZY doesnt have the assets or financial wherewithal to straight up IPO in the US. Because of all the misleading DD posted here it took a little bit longer to find out the real facts.
BUT, to the longs, its not as bad as I was suspecting. I did get ahold of partial financials from the Wang Group, and I will post a realistic imo pps forecast before Monday.
I would advise ppl to stop using photoshop, or suggesting Wang is a billionaire.. at this stage, it doesnt help.
More misleading pictures - Hey boys, it's not hard to look up "Professor Fan Wenxuan" and find absolutely NOTHING.
"It is very likely that in the industry can not achieve a breakthrough in the short term, only to liquidate the stock market." Insiders said.
In the face of media inquiries, Ming Yang Yang responded: "V3 (SUV) in the R & D pilot phase; is actively with the state authority to do certification testing before the agency to communicate."
However, outside the Ministry of Finance through the Ministry of Industry inquiries from January to July this year, "new energy vehicles to promote the use of recommended models directory" and the past directory to understand, in the Ming Yang Ming V3 is not among them.
How's that 10q looking? btw nice technical bounce, but uhh.. ya that's abou tit.
Richard Oravec is a real person living in New York that specializes in reverse mergers via Pivo Associates. He wrote a book with the associated lawyer that deals with reverse mergers in the otc market... . . . .
Show me Jinbo's balance sheet.
easily below .05 tomorrow... lol @robots
Sound business 101 would be to file your 10q on time. Kinda fucked that up didn't they. And, D2 is right. Companies go public to raise cash. Duhh
1st off DeQun Wang (A.K.A Jinlai Wang) isn't a billionaire (there is ZERO proof he is even a millionaire or even a real person lol).
and
Every stock Richard Oravec doing business as Pivo Associates has touched is a stinky pinky with 99% of them not trading.
it's trading at a 500 P/E - earnings were 76k - literally lol
lol love your signature - i guess i missed the conversation. Sorry about that.
that's not a gap fill... I know the majority of holders are new to penny stocks but this isn't rocket science. Also, without financials, this SHOULD be doomed to fail. Never seen so many people with unadulterated optimism, unless it was a grateful dead show where everyone was on drugs. :)
You either fill a gap or you don't. It wasn't filled.
Gap should have been filled today, but it was being supported. The daily chart shows possible technical bounces at .05 and .04, and the weekly at .036ish.
L2 still shows signs of dilution/control, but it's been managed in a decent manner.
Impossible to know much else since the company doesn't really say fuck all.
I don't believe there was actually any money exchanged. The boys behind CRCW are also part of redwood/uptick, which loan/service micro-caps.
Honestly no reason to speculate. If RMRK's financials get updated, game on. If not, I feel bad for the people that sucked up 50m at .0005 -
cheers
people probably pulling cause its dead money until further notice. Always make it back on something else, than letting it rot.
you should probably worry about 10c before 10$ lol
New website was registered by cody8866@163.com - I suppose you can email them with all your questions. Looks like a low level web developer based in china.
The CPA is from the edited financial for this company, not dolv.. it's on the last 10q.
the fact remains he was suspended for a year for auditing fraud - knowyourcpa.com
Almost like talking to zombies. lol this is awesome
No reputable publicly traded company would EVERRRRRRRR go near anyone that was suspended for accounting FRAUD.. Doesn't matter when it happened. Wake up.
Shady penny stock accountant.
By this Order, the Public Company Accounting Oversight Board ("Board" or
"PCAOB") is revoking the registration of Drakeford & Drakeford, LLC (the "Firm") and
suspending John DellaDonna, CPA ("DellaDonna") from being associated with a
registered public accounting firm for a period of one year from the date of this Order.1/
The Board is imposing these sanctions on the basis of its findings concerning (1) a
misleading representation made by Respondents in connection with PCAOB inspection
processes and (2) a violation of PCAOB auditing standards relating to audit
documentation. n.
Nice accountant you have there JBZY lulz
Click for Link to JBZY Accountant getting banned for 1 year
yup - until numbnuts gets RMRK current, its a waiting game.
NAH BRO THE NEW IR IS SOME CHINESE LAWYER LADY IN CHINA BRO. REAL BRO. lol
those arent even good photoshopped images.
It shouldn't even be a prediction. Where is the 10q?
How's that 10q going?
shit, i've been waiting patiently for a month for an entry. Bring it.
agreed.
If you've ever worked or dealt with the finance community during the months of Nov-Dec, you'll know they don't do shit. Literally.dont.do.shit. Everyone takes off a few weeks for Thanksgiving and a few weeks for Dec. Normal practice.
Yup here is the paragraph from the 10q:
Investing Activities
Net cash used in investing activities for the period from inception, March 9, 2017, through September 30, 2017 was $143,577. Net cash was primarily used for an investment of $108,250 in connection with a potential business combination, as well as $1,500 for trademark fees and equipment for $33,827.
Business combination is totally different language than the previous acquisition, which could lead me to believe it IS indeed a R/M, or as someone previously suggested, a reverse triangle merger (see below for def)
A reverse triangular merger is the formation of a new company that occurs when an acquiring company creates a subsidiary, the subsidiary purchases the target company and the subsidiary is then absorbed by the target company