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Indeed seemingly wasn't the best. Down is down. I was just running some numbers and on June 30th, DOLV closed at .061/share, and closed at .037/share today. So in just the last 6 trading sessions alone, DOLV has lost more than 39% in value.
Down yet another 14.09% today. DOLV is seemingly in free fall.
I'm not big on technical analysis in pinkieland but if you're someone who is, DOLV is breaking through some key previous support levels. Lower lows and lower highs. DOLV is going to need the crash carts soon if this trend continues.
Richard totally screwed up this RM. DOLV wasn't prepared and given the extra attention given to Chinese reverse merger transactions by security regulators, Richard didn't have DOLV prepared properly for the process. Lack of required filings allowed the downgrade to the Stop Sign with OTC Markets. If Richard had done his job, DOLV wouldn't have been so unprepared. And because of this incompetence, DOLV deal is doomed IMO. If shareholders lose, you can blame Richard for not having the company ready.
Ask Richard why DOLV wasn't prepared for the RM. Why he let DOLV get the Stop Sign. Obviously he screwed up big.
If Richard ummm...wrote the book, why did Richard allow the Stop Sign to happen? Why wasn't DOLV prepared? Very amateurish IMO.
The FBI investigation into DOLV's old shell, even though it might not be related to new ownership, directly causes problems with US regulatory authorities. This old shell I'm afraid has a lot of taint, and it's my opinion that this old shell legacy is proving to be major problems for the new buyer, and regulators.
It's possibile that DOLV is diluting now. Obviously they can't be diluting a lot because trading volumes have been relatively low even with the lower price per share. If there is some dilution happening now, nobody would know until a 3rd Quarter report is filed, or it's reported earlier by the TA. But it is certainly possible that some dilution, however modest, could be going on now. Last reported OS was approximately 790 million common outstanding and the company is authorized to issue up to 2 billion shares. Hypothetically speaking, the company could issue up to 1,210,000,000 more shares whenever they need to raise more capital.
No ticker change after another week of nothing. on the positive, Dolv hasn't been suspended yet.
No way anyone could suggest today's drop was due to new dilution. Yes the company could issue over 1.2 bilion more new shares but if any new shares were issued and sold, nobody would know about it until after it was reported by the transfer agent or disclosed in a 10-Q....after the fact. There just isn't any evidence that there as any new issuance being sold into the marketplace today.
The company could be diluting and if they were you wouldn't know it until the company files it's next Quarterly Report. If the company is issuing and selling new shares, nobody would know until after the fact.
Down another 28.23%. Why do people like to play manipulated tickers?
Well who knows. Somebody is feeding him pictures and information to release. What is the source of his information? I have yet to see one bit of solid evidence that Jinbo Group and JB&ZJMY are connected in anyway. Pretty strange that the only place you can make this connection is on penny stock boards and posts to public posting boards. It's my opinion that this notion of JB&ZJMY and Jinbo Group being connected is a lie because there is no credible links to support this story. There is also no solid evidence that Mr. DeQun Wang is a billionaire either. No proof whatsoever. What you have here are myths being created, i.e., that JB&ZJMY is backed by all these billionaires from China. It's a myth created to make shareholders feel like they have nothing to worry about, the Chinese billionaires backing it will insure success. If this notion of billionaire backers was true and the marketplace is seriously undervaluing DOLV shares, why wouldn't these billionaires buy now if it's so cheap? The reason is, there are no mythical Chinese billionaires looking to buy at these prices or they would have bought more shares. Because real billionaires don't become billionaires by passing up a good deal do they?
How could 911 quantity trades be considered reliable communications between MM's when any trader here or anywhere else could place those orders? Think about it. Go ahead and do it then and screw up all the MM's communications?
No doubt it would be very illegal but like any other business, you have crooks everywhere.
If you examine today's trade data in DOLV, 1,965,208 shares were crossed at the ask and 3,098,274 shares were crossed at the bid.
It's a myth. Those trades are meaningless. As I said, anyone here can place those trades if they want. Again it's not very smart because based on 911 shares, the trading commission while small is a fairly large percentage of the total purchase price. But for laughs, anybody can do it. Why would MM's resort to doing this when technology enables instant encrypted information sharing with anyone?
It's a myth. If you don't mind blowing $4.95 or more in trading commission's for a trade worth about $56.....go ahead and place those 911 orders and watch people talk about it online. Pretty funny but it's not very smart blowing $4.95 for stock worth $56. Maybe it's worth the laugh though?
This shell is turning into a disaster with all these skeleton's and accounting issues.
The SEC and FINRA must be sniffing around DOLV, given the history of this shell and lack of financial disclosure after so much time has past. Probably explains why DOLV put out the 8-K. IMO this RM is toast.
My point is that if ZJMY was really this giant Chinese battery maker, do you really think they're going to hire some guy working out of his prefab house in Florida? It's ridiculous IMO.
It appears that De Leon & Company has only 3 publicly traded clients (see link). Two are OTC Pink Current and 1 is OTC Pink No Information. All 3 companies have no trading volume. If ZJMY is such a large company, why would they hire a 1 man accountant working out of his house? Funny isn't it? So many warning signs.
https://www.otcmarkets.com/research/service-provider/De-Leon-&-Company-P.A.?id=1368&b=n&filterOn=5
Good point. This is really starting to smell bad.
It appears that nobody can attest to the accuracy of previous DOLV filings. This reverse merger is stuck in the mud now. Good luck getting FINRA to approve this given the ongoing litigation, and now nobody can attest to previous financial statements. This is a real mess.
They can't find the old auditor. He was banned by regulators. Bad news.
The audit is going to be late and DOLV ticker won't come until the audit and filing is complete. Bad news.
They are saying they just hired a new auditor in late May because the last auditor can't be found. This ticker is going a long long time if it ever does happen. If an audit isn't complete in 90 days, FINRA deems it deficient, and the process has to start all over again.
I wasn't aware DeQun Wang is a New Yorker. Registered address on the Amended 2016 Annual Report filed on 2-14-17 with the Wyoming Secretary of State shows that Mr. DeQun Wang lists his address as 277 West 11th Street, New York, NY 10014. And so digging more I discover that Richard Oravec's office is at this address. Strange that the principal address for the company is Richard Oravec's address. Why would a company list it's principal corporate office at their IR persons office? Very strange.
JZMY needs to file disclosures because they bought a shell. Shells need to make financial disclosures. And in DOLV's case, Mr. DeQun bought a shell with a lot of old skeleton's in the closet. If you don't believe me, Google it. Without it, DOLV won't get a new ticker from FINRA.
Study up on shell companies. Shell companies like DOLV need to be current with financial disclosures.
Don't people realize that because this is a RM transaction, DOLV needs to file it's financial disclosures? People need to realize that RM transactions have different rules that are far far different than a simple name change. Until the company makes financial disclosures, this reverse merger is dead in the water and there is no hope for a new ticker from FINRA. DOLV is a dirty shell given it's past history, and shell companies need to be current, always.
I think Mr. DeQun bought a shell with a lot of skeleton's in it. There still has been no SEC registration statement filed, and with Rule 6490, FINRA has wide discretion if a company is delinquent with necessary disclosures.
DOLV RM having problems with FINRA. I'm afraid FINRA needs a lot more information. I haven't seen a registration statement filed with the SEC from DOLV, and it looks like DOLV is having a difficult time complying with FINRA rule 6490. I'm wondering if a deficiency notice has been sent to DOLV and we haven't been told. But, I think this RM is in serious trouble.
Don't know if anyone noticed but the selling really picked up late in the trading session. Some bigger lots were getting dumped late.
I don't believe the company wants to put out false news especially when they haven't yet received a new ticker from FINRA. If other people put out false DOLV news on the internet, there isn't anything the company can do to stop it. When you read hype about a company but the source of the news is not the company, be skeptical. Right now IMO, there are alot of people engaged in putting out false company information sorry to say.
If all this money has been spent on naming the train, advertising on the train, putting on the conference for thousands of people, donating cars--all this money spent but they didn't have the money or feel the need to update their website? Doesn't seem very rational, and I doubt very much the company would willingly withhold material company information from shareholders. No company would spend all this money to create advertising buzz with a big conference/ceremony and not have anything at all on their website.
If all this conference hype, train naming hype, car hype is genuine, and the company spent all this money on naming the train, putting on the conference for thousands of people....why isn't there one single thing about any of this on the company website?
Examine the company website and you will find news that hasn't been updated in well over a year, and you will see that the video link is still broken. The company website is so bad, it's really pretty funny. Would a legitimate company have this poor of a website? I think not.
The company hasn't directly been pumping DOLV but I've seen a lot of compensated penny websites promoting DOLV. The company just compensates penny promoters to do their bidding.
I've seen all the pictures but I don't have any evidence that our Chinese buyer, Mr. DeQun Wang or his JB&ZJMY is a big battery maker in China. Zero evidence of that. You can search both Mr. Wang and JB&ZJMY and there is no evidence they are a big time battery maker that promoters are touting. Because if all this touting were true, one would find a lot more in Baidu search results of the company, and Mr. Wang. Photoshopped pictures and links to pages posted onto public posting sites doesn't corroberate the storyline being presented by promoters that these buyers are big time players in EV, or that they have a battery that is something special. Just no proof any of this nonsense is true. Because if it was again, search results would yield a lot more information on the battery, vehicles, etc etc.. from reliable sources....known media outlets, and automobile websites. The total lack of confirmation from reliable media sources is very very telling. The rhetoric from DOLV bulls doesn't come anywhere close to reality. I rate DOLV as a strong sell and in my opinion this company should be suspended from trading until all these irregularities can be sorted out.