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Lol.. that's what I did yesterday.. scraping every bit from the bottom of a shoe for few extra shares :)
The 2016 Annual report shows:
"Accumulated deficit during developmental stage $(19,941,757)"
Not a small figure..not at all.. if all that are prior years losses.
https://www.otcmarkets.com/financialReportViewer?symbol=DOLV&id=169288
I'm inclined to believe he (or his firm) handles more than just one company. The amount of daily calls, emails and texts just from common shareholders must be significant.
Most sincere.. Thank you, sir.
RM was already performed. This ship is firing its engines and counting down to lift off.
I will be happy to read any rant of yours like that. Anytime...
Rant away!
I'm with ya.. Added a little to my modest position and I must say.. It was the most confident decision.
I might not make it into the millionaire club..but I am as content and patient as I can be. I know what I own. No stress..no pressure.. Just watching it climb is exciting and fun!
I also know that there are awesome teachers here that are willing to share their knowledge and inspire others to do their own DD and get rewarded to the risks they take.
So..thank you all. Let the adventure take all of us into the new heights!
DOLV(still today) long and strong!
That is actually pretty cool to see.
My L2 rounds the transaction numbers. I only see 400 or 900.
Did it disappear? Katy ...something, right?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130921512&txt2find=foxconn
Reinstated.. Interesting
Great memory StockBoomz. Thanks!
Highly possible.
I was under impression that the Company has the last 'ok' before Finra posts the change publicly.
Yes! I can smell it.. so sweet..
Thanks for taking time to check.
There have been updates all morning, just happen to be for different events:
http://otce.finra.org/DailyList
There are updates, but for other events... No ticker/name changes yet.
Good morning and good luck to all DOLV'ers today!
Keep your blood pressure in check.. I have a hunch it's going to be an exciting time here this week! ;)
I didn't laugh. I kind of freaked out I couldn't get more.
The only real penalty I see ..would be the lack of ownership in this company... No matter how small.. and the adventure of growing with it. ;)
My thoughts exactly. I still try to grasp the enormity of potential this company and this stock carries.
I am not convinced there really is a hold up in the financials.
Audits take enormous time and effort. The auditors are obligated to perform their regulatory DD as well.
Just think about it. How long would it take an accountant to prepare your financial statement for credit line renewal..for example. Thats the simplest report.
Now imagine multiple source reports ..interviews with CFO(s)..translations, currency conversions.. reviews..compilations and consolidations. From China .. To US..back and forth.
Take time and a team of people working many hours to put this together.
We are all anxcious to see it. Grasp it.
We watch L2 .see the on screen instant action.
Just because the background work isn't as transparent doesn't mean it's lagging.
Thanks! Very valuable advice and reminder for the newr future.
My Jackie Chan mode is on ;)
Im not sure I understand your question. Are you asking about DOLV product(s)?
None in US as of now as far as I am aware..
In general.. It really depends on the product itself and all kinds of the business dynamics.
I wouldn't recommend growing oranges in Maine for example ;)
State laws change all the time. Just like federal laws. Film production is running away from CA and finds home in states that attract their business and weed growers look for dispenseries in states that adopt their laws to permit sales.
It is the sales tac and income tax that can eat up a bunch of profit money so corporations look to save the 4-7% by avoiding operations in taxable states.
As is the US financial audit and legal team.
Even typical US business must rely on outside agencies to assist with processes. All is happening on various levels according to the company vision and required regulations.
I will be very happy to see things done right rather than rushed.
*snort laugh*
Beside all that good stuff DOLV has in store for you.... You, Sir..have the respect of many here. Respect.
Thank you. So happy for you!
Great points!! Just imagine how those financials will get 'audited' by the members here..lol..
No stone will be left unturned. :)
Thats what insurance policies are for. ;)
Corporate laws are complex and constituted by each state individually.
At this point we can only generalize and speculate as to why the company would choose to make the move.
Great writeup Shazbat!
Neither WY nor DE has corporate income tax so I believe its the States liability protection that has its advantages. It is not easy to pierce the corporate veil in DE formed entity.
I have no detailed knowledge about WY state enitity laws and I have faith the JB&ZJMY Company Inc legal team has it covered to make the determination to move to Delaware.
Thank you for following up :) Did RO happen to mention anything about the name difference between current WY listing (***company inc) and the one reported with ISIN/Cusip (***holding co) ?
Makes me wonder if that could cause a delay in processing at Finra.
Of course it's a 'BUY'.. what else would it be? :)
Nice! Where you told when this party is happening?
I should get a better dress ;)
Isn't there an extension available for the submission of financials?
That I am still trying to learn and understand.
I noticed LAFC has been out of the scene for the last couple of days.
Thank you.
I have no doubt the application is in process and will become effective when approved by the company.
I could be wrong, but I believe FINRA is more of an administrative organ and oversees the application processes only. As long as the paperwork is in order, they have no authority to make decisions regarding corporate litigation. Especially that the applicant is not the defendant in jeopardy position.
Absolutely.. the anticipation of being able to view the Financial Statements is more exciting than the ticker change, IMO.
I can't search the board but I believe the name differences that were questioned were:
* JB&ZJMY COMPANY, INC. - listed as WY entity (name change from Dolat Ventures reported this past Monday)
* JBZJMY HOLDING CO - as listed at CGS ISIN Service (cusip)
* JBZJMY TECHNOLOGY GROUP HOLDING, INC. - listed as NV entity
I think there was one more, but I can't recall it at the moment.
1st Quarter ended March 31st. Audits begin when quarterly financials are reconciled and adjusted.
Good morning DOLV'ers!
It really depends on your overall tax rate.
If your income puts you over the 35% tax bracket, your long term cap gain tax increases to 20%.
And that's based on current tax rates.
Who knows what they will be in 2018 or later...
I have been imagining a lot over the past few years.. But this.. Is waaaaaaay over my head. Lol..
Thank you, sir. :)
Very well said, sir. Thank you.
Lots of valuable lessons learned from your posts and appreciated by many, I'm sure.