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Agree. I believe the Chery V3 will only be the beginning in the Chery-ZJMY contract/partnership (whichever it may be).
Floridany mentioned Chery will also be making the EV bus. I would guess Chery will produce several more models for ZJMY over time once the first ones have success and generate revenues(possibly a Sedan like the C3).
ZJMY using the OEM Model is brilliant.
Long Star is producing the affordable Low Speed EVs (The People's Car).
Chery will produce the high speed, higher end EVs to meet the Taxi market demands and the wants/needs of the those with larger budgets.
Link to Game Show Video with moving V3 SUV in it.
http://www.letv.com/ptv/vplay/28668757.html
cue it up to 32 minutes:
My post showing the Game Show SUV with "Z" symbol.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132474327
BobDude's post about the Game Show video:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130729461&txt2find=surprise|surprise
Thoughts on Floridany post and Long Star Connection.
Yes. I have noted all the Z's that appear out of place in the V9 page. IMO, they are computer generated images for advertising and promotional purposes. We saw the same thing with the JB&ZJMY named train. I don't know for sure, but Long Star may be trying to sell the V9 idea to JB&ZJMY, or it may just be in the infant stages of the V9 model so they use CG images for advertising to get a feel on the market before jumping all in. I don't know for sure.
Companies mock up photos for advertising or to sell an idea all the time. When the real JB&ZJMY named train photos/video came out, the final product was so much better than the mocked-up image.
The truth will come out and us longs will be "Free". Free from financial worries, free from bashers and free from the daily grind.
Initial "Photoshop", mock-up of the "JB&ZJMY" named train advertising.
Actual JB&ZJMY named train from video.
JB&ZJMY named train Video Link (post in Google Chrome and Translate)
http://www.jingtezmt.com/baorun/wap_doc/4809309.html
OEM MODEL
JB&ZJMY will be following an Original Equipment Manufacturer (OEM) model for production. ZJMY is contracting (or partnering) with Chery to produce the V3 SUV and bus bodies and chassis. Likewise, ZJMY is contracting (or partnering) with Long Star to produce the low speed EV bodies and frames along with several other models. ZJMY will provide: the battery, the electric motor, and other electric components.
By using existing production capabilities of Chery and Long Star, JB&ZJMY will save tens or hundreds of millions in investment and streamline the EV production process to months instead of years.
OEM Production Model advantages.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133417174
From ZJMY (Wuhu) Business Plan in the above post:
Locked and loaded here.
It does not take a genius to figure out that a company that spends tens of thousands to file an older SEC 10-K and older 10-Qs will be filing their 2nd Quarterly Report soon.
Yield sign is not an issue. I posted it for informative reasons.
Obviously the company is not too concerned with a yield sign. Just a matter of time now. August 25 is not far off. Ticker and name will change. The 2nd Quarterly Report will come out and we will be assuaged.
Yield Sign is up fwiw.
https://www.otcmarkets.com/stock/DOLV/quote
I saw their disclaimer. It says:
FINRA has to be notified 10 days prior to the effective date of a corporate action. The effective date is the next business day following the day the name and ticker change is posted to FINRA's daily list.
Since the recent 10-K and 10-Qs were required by FINRA according to the ShareHolder Letter, we know the FINRA forms were filled out well before those SEC filings were posted on August 9, since FINRA had already had ample opportunity to review DOLV's submitted FINRA' forms and other supporting documentation. Those filings took some time to put together. The FINRA forms with the 10 day notice were submitted months ago IMO.
Remember a company could submit the forms on or after the effective date of the corporate action, BUT they would have to pay a $5000 late notice fee.
The August 25 date may be a target date by JB&ZJMY. There is a 90 day limit if a company doesn't respond to FINRA's additional requests where the pending corporate action will lapse. Since the company responded to FINRA's requests for the SEC filings, we know that 90 day rule shouldn't apply here. The company wants it to happen by the 25th IMO.
I am positive that the Issuer Company-Related Action Notification Form and the Transfer Agent Verification Form were submitted a good while ago. Both those required FINRA forms have a place for the Effective Date for the company action (name and ticker change). FINRA has had significantly more than 10 days notice, probably a few months notice, since the SEC filings probably took weeks to complete.
In respect to consolidated financials, I would bet that FINRA would have asked to see them. It is a standard requirement with SEC reporting companies and FINRA generally has many of the same requirements as the SEC just not as stringent. The SEC and FINRA review processes are similar.
JB&ZJMY may not have to post the combined financials (consolidated financial statement) until the merger officially completes when the name and ticker change become effective. The consolidated financials may not have to be filed until the third Quarterly report. However, the company may release it with the second Quarterly report if it was already completed at FINRA's request, and in accordance with the company's earlier intentions.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.finra.org/sites/default/files/NoticeDocument/p121988.pdf&ved=0ahUKEwiIzLvWrNnVAhVCw2MKHWDbDOwQFgguMAE&usg=AFQjCNGgxBCb_qaByBbaUUNmp8wzD5J2pw
Agree. I am patient and can wait.
Since a lot of people have discussed the letter, I try to put all the info out there to limit the confusion. It's mostly all in my summary post for all to read and decide for themselves.
The letter is/was big news since it is evidence that the FINRA name change will happen any day now since it gives the August 25 date. It also confirms that the 10-K and 10-Qs were at FINRA's request for more information, which was/is huge news by itself in my mind.
There may not be a lot of DOLV certificate holders left either. Most had probably sold out years ago. If they bought back in, they would most likely be listed as beneficial shareholders in street name under their brokers.
Thanks. This could replace my sticky IMO.
Updated Shareholder Letter Events and Etrade Statement.
Erd03d post with email from RO clearing up who was sent the shareholder letter
One of the most respected DOLV longs told me in PM, that it is his understanding that the Ministry of Industry does not require low speeds EVs to be listed to the their directory. Maybe the city of Zhangjiakou is being overly cautious, or has their own rules for that particular city.
He also said the low speed rules vary by province currently and they are somewhat undefined generally. It's kind of similar to golf cart or atv rules here. The rules for registration, operation and licensing on public roads vary by county, city and state.
It seems like the low speeds would still need to be registered though for use on public roads, whether the Ministry's directory listing is required or not.
Either way the SUV and low speeds should get a Ministry listing and be able to be registered and put into use (and get gov subsidies in the case of the SUV). The article said they were working on an "early" listing in reference to the low speeds.
In my view, donating 10 more police cars in Zhangjiakou is a continuation of their great publicity campaign. We have already seen the EV donation held at the June 24 press conference and the naming of the high speed train to JB&ZJMY.
From an article about making your UTV or ATV street legal. About half the states allow you to make your UTV street legal.
JB&ZJMY donated police cars cannot be used on the road until they are on the Ministry of Industry list. They are temporarily sealed until then.
(In my understanding) To be able to register and legally driven on the road, EVs have to make the Ministry of Industry directory.
The Ministry listing of the V3 and Low Speed EVs should be soon IMO.
Looks like recent donation of 10 Low speed EVs to Zhangjiakou Police on August 7.
8/12/2017
http://www.escn.com.cn/news/show-451002.html
No one said that. Please don't take things out of context.
All I did was answer the question with a legit response IMO, that in essence wars and conflicts (which are very common in the world) won't stop the EV market from moving forward.
As I said, I don't think a country would risk annihilation for the sake of its own people. I for one always look for win-win scenarios and wish the best of luck to others, whatever they may do.
I hope, as in the post you responded to, that leaders keep a cool head and make the right decisions.
Don't presume that you know a person.
Thanks, so you got one from your brokerage firm?
Was it electronic, like an email? Just curious.
I don't know when they would start. It is great that potential Dividends are on the table. The PPS would have to be in dollars before dividends would be considered IMO.
Note the correction in the letter of part C) of the word "of" to "or" in the same paragraph of the WY SOS July 14 Name with Other Changes document.
It is a meaningful correction.
It appears the wording in the July 14 Amendment has been cleaned up in the ShareHolder letter.
From the ShareHolder Letter:
https://www.scribd.com/document/356084356/Notice-to-Shareholders-of-Jb-Zjmy-Company-8-7-17
Good point on the address. Not from Etrade. I would think because StockRockandRoll holds a certificate, those shares are not in street name with his broker ETrade, hence he received the letter directly from Pivo.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133763320
Your response and others leads me to the same conclusion that we are all beneficial owners since our shares are held by a broker in street name, and as such we all should be receiving letters.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133774225
Please elaborate. Does that mean all shareholders of Record as of August 1, 2017 will get a shareholder letter from JB&ZJMY via their brokers?
We know the letters are real. I just want to understand the process.
What is a 'Beneficial Owner'
As far as I understand we are all beneficial owners since each common share is entitled to one vote as per the letter and July 14 WY SOS document.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117
Per Investopedia
They could include it in the Quarterly, but it wouldn't make sense not to post a PR. (not sure if that is what you are implying)
The company is waiting on FINRA based on the letter. The Quarterly and PR just might hit the finish line at about the same time.
The completion of a merger with name and ticker change is PR worthy and potentially a catalyst for new larger investors. Most companies release a PR on the day or day after the name and ticker change becomes effective.
I'm interested in seeing the consolidated financial statement in the second Quarterly. Hopefully we won't have to wait for the 3rd Quarterly report for that information.
An 8-K is required within 4 days following the completion of a merger or acquisition for a SEC reporting company. However, pink companies typically follow suit whether as a voluntary choice or as a requirement of FINRA, I am not sure.
The court case should not have an effect IMO. Another company with our same Transfer Agent went through a ticker change in the last week.
Pinks following the Alternative Reporting Standard only require Quarterly and Annual Reports per the Pink Basic Disclosure Guidelines.
DOLV is not SEC Reporting (yet), but has already filed one 8-K this year for the accountant change. IMO, they will post an 8-K once merger process is complete which will happen at the time the ticker and name changes become effective. They will certainly release a PR at that point in time as well. They are just waiting for all corporate actions relating to the consummation of the merger to finalize before releasing information.
Name and Ticker Change - followed by 8-K and PR... IMO.
Here is a SEC Manual if you care for some light reading. LOL.
https://www.sec.gov/divisions/corpfin/cffinancialreportingmanual.pdf
Yep. LOL. People know the DD at this point. No concern from the longs. It makes you wonder how many longs are just lurking in the shadows, licking their chops.
I compiled all the recent letter info in one post with all the Links to make it easy for people to find the information. No worries, if one person finds it helpful, it did its job.
ShareHolder Letter Updated and Etrade Statement.
Grambo Email: ShareHolder Letter confirmed by RO in email with the attached Letter.
Summary of the Shareholder Letter and Etrade Statement.
StockRockandRoll post about ShareHolder Letter.
StockRockandRoll ShareHolder Letter August 7, 2017 Letter- Page 1 (Imgur)
StockRockandRoll ShareHolder Letter August 7, 2017 Letter- Page 2. (Imgur)
StockRockandRoll ShareHolder Letter Envelope.
Since the Imgur images are hard to read, a transcription was provided courtesy of Xlogit3k:
Xlogit3k Transcription of the letter.
Last paragraph of the Letter confirms that recent 10-K and 10-Qs were at FINRA's request. Name Change expected by August 25, 2017.
He didn't write the letter he transcribed it from the uploaded images since they were a bit hard to read due to the resolution.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133754117
That is all.
Get real info bud.
LOL. Funny he would think to include this:
W.S. 17-16-1005
http://law.justia.com/codes/wyoming/2014/title-17/chapter-16/article-10/section-17-16-1005
I wouldn't have been so clever. Sometimes the simplest answer is the correct one. It is 100% legit.
We will see who's right soon enough.
Brokers have confirmed a 1:1 share exchange upon ticker change. Your DOLV shares will actually be removed from your brokerage account and the new JB&ZJMY shares will replace them at a ratio of 1 to 1. 1:1 means no Reverse Split at least in the short term.
A company that wants to dominate the Chinese (and ASEAN) EV market will not want to devalue investor confidence by diluting the OS significantly. There are laws restricting new owners from converting their shares to common shares within a year of an acquisition. There are other rules restricting owners from diluting more than 1% in each 3 month period to my knowledge. As far as I understand, those rules apply to a pink too, not just a SEC reporting company.
Dilution is always a possibility with a Reverse Merger, but the company is suing to reacquire 54 million shares that were reportedly illegally handed out for consultation work that was never done. There is no paper trail verifying that actual work was performed for these issued shares.
The company's goal is NASDAQ. How is the company going to garner major investors' attention if they dilute the value out of the stock now? With what the company has brewing, the PPS will take care of itself.
That makes sense to me.
It could also be required disclosure in response to the recent 10-K that was filed for the period ending Feb 28, 2013. Maybe all shareholders prior to the 2013 10-K were required to be sent the letter as disclosure. Remember the 10-K for 2013 had current information on Wang, the merger and JB&ZJMY.
I am not sure. I just hope it is publicly disseminated tomorrow so it has a much larger effect on PPS.
I would like to see a second witness of the letter for confirmation, but I believe that the letter is 100% real.
Name and ticker change by August 25, maybe much sooner IMO.
I tried to include all the relevant information from tonight. That post could replace my other one that is stickied IMO.
Thanks for transcribing the letter. It is always a group effort by the longs.
I noticed that. Thanks for bringing that up and reposting the link to WY SOS. The last part is the new exciting news.
Summary of the Shareholder Letter and Etrade Statement.
StockRockandRoll post about ShareHolder Letter.
StockRockandRoll ShareHolder Letter August 7, 2017 Letter- Page 1 (Imgur)
StockRockandRoll ShareHolder Letter August 7, 2017 Letter- Page 2. (Imgur)
Since the Imgur images are hard to read, a transcription was provided courtesy of Xlogit3k:
Xlogit3k Transcription of the letter.
Last paragraph of the Letter confirms that recent 10-K and 10-Qs were at FINRA's request. Name Change expected by August 25, 2017.
That makes sense. It still seems like an 8K would be in order.
We will see. This is HUGE news.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133751850
It looks legit to me. Verification coming soon. Thanks for your continued forward looking optimistic posts.
My price prediction of 7-10 cents by end of the week might be right on, or it may be low.
Good point. The implications of the last paragraph are epic.
The letter confirms many of our suspicions that the 10-K and 10-Qs were at FINRA's request for more information.
It confirms ticker and name change is imminent. August 25 at the latest.
I just wonder why only one person has received the letter (excellent postal service) and why an 8K was not released in conjunction with the letter. Maybe it will come out officially tomorrow to the masses. I want my letter.