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Definitely not a scam. Have you noticed that today, they aren't putting up huge walls or undercutting the ask? Oops, I just noticed Nite put up a 2.75k wall on the ask. IMHO, not many of the people wanting to short or wanting cheaper shares believe this is a scam either. They understand that the financials can come unexpectedly sometime this week or next. IMHO, no one wants to crash and burn and lose their shorts during the big reveal!
GLTY and all the longs. We will see what we have very soon.
BTW, I believe the MM's, and those wanting shares, know that they only have a short time before this explodes. I was looking at L2 earlier and there was a wall, by CDEL on the ask of 6.2k and a bid of 4k. Those aren't scared people, on the ask, trying to get out. Someone wants some significant amount of shares and are trying to get them.
If people are scared and trying to get out, this stock would plummet because scared people feed into the bid. IMHO, the high walls on the ask are only ploys to get people to feed into the bid and the smart people aren't going for it and it appears that the scared shares are almost all gone.
IMHO, we will see the financials next week or the following week. I see Mr Wang wanting to start his ascent to NASDAQ on the right foot, by filing the financials by the due date or shortly thereafter. Just my opinion.
GF, it looks like we are all the new front loaders, since we got in before it goes to $100, $200 or $1000 per share! It's all relative!
I don't usually say negative things about a stock, but this one is a turdy scam. I went through the 1 for 20,000 RS and then went through the A/S increase to 750 billion necessary to cover the toxic warrant conversion. I saw it go to no bid faster than a dog turd dropping. I was warned when I decided to get into this stock, but I didn't listen and now I am warning people that this is one of the worst stock you can get into. Hopefully people will listen and not buy shares, that they can not sell, after they buy them. Ask others, who have bought this stock whether they can sell their shares. I am willing to bet that the responses, that you get, will be overwhelmingly that they have not been able to sell their shares. I believe that someone posted, in 2016, that the principle shareholders are known to have ties to previous scams, on other OTC stinky pinkies, but I am not sure whether that is true.
Sorry!
Let's stop using profanity. Those that didn't want to pay the RS fee could have and probably sold before the RS. That was the easiest solution to not wanting to pay the fee. Of course, those that believe the RS was a good thing, like me, are happy to pay the fee. We will soon find out whether paying the fee was worth it.
So, how do you explain that the total number of shareholders was 4000, as reported on the 9/30/2017 financials?
Sorry, but they are not lying, it is not photoshopped and it is not a scam
2020 at the earliest because that is when the toxic warrants expire, unless they decide to do another 1 for 20,000 RS, and then maybe never!
Welcome aboard. We were all there once. I can't say that we still aren't there either. IMHO, JBZY may even bring you some gains, depending on how many shares you hold. If you haven't already read the information in the intro section, I suggest you read as much as you can. That has a lot of the DD that has been uncovered.
There are also a lot of good people on this board, but there are also some snakes in the grass, so I suggest that you not pay attention to any of the naysayers. They may try to contact you via a private message, so please guard your mind because they will try to instill fear into your heart. I suggest that you listen to those that say they are long and provide links to their DD. I have not seen any naysayers provide any backup for the negative things they say. We have gone up despite the RS because there is sufficient evidence that this is the real deal.
GLTY and all the longs.
Ditto, my friend.
I am willing to bet that Wang's plan was to get everything into place during the one year seasoning that he had to do in the OTC and then make room for what he planned on bringing in, by doing the RS. Then, all he had to do was meet all the requirements to get to NASDAQ and, at the right time, announce his plan to uplist.
Nice to hear from you. GLTY and all the longs. The wait will be worth it.
Because it is his company and he has the right to maintain control by not subjecting his conversion to the RS. He has to maintain at least 51% of the total A/S. Owning preferred that convert to 1.25 Billion common shares allows him to maintain control and allows him to convert some shares for spending cash, if he so chooses. Once he has all of the pieces in place to take this to NASDAQ and to make it a viable conglomerate, he may want to spend some of his hard earned money. Imagine, a capitalist in China!!!
An RM is perfect for allowing him to grow his company according to how he wants to. In an IPO, he may have had to give up his control or been subject to a hostile takeover.
Genius plan and he is methodically building his empire.
GLTY and all the longs.
I expected to be watching for the next 3-4 days since the brokers have to receive the new shares and then update our accounts.
What I see as bizarre, is that no one is putting up huge walls today. I guess the float must be really tight or no one wants to risk losing that many shares now that we are so close to getting the fins.
GLTA the longs and GLTY my friend.
Patience is needed during a transition period, such as an RS. In a couple of days, if your account doesn't show what you had, contact TDA and they will straighten it out.
Per the 8K, dated 6/27/17, here is what it said. I am assuming that is why they hired a firm that was familiar with SEC reporting.
New independent registered public accounting firm
On May 25, 2017 (the “Engagement Date”), the Company engaged DE LEON & COMPANY, PA, 510 NW 159th Lane Pembroke Pines, Florida 33028 (“De Leon”) as its independent registered public accounting firm. The decision to engage De Leon as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.
Their website is: http://deleoncpas.com/index.html
Per the 8K, dated 6/27/17, here is what it said.
New independent registered public accounting firm
On May 25, 2017 (the “Engagement Date”), the Company engaged DE LEON & COMPANY, PA, 510 NW 159th Lane Pembroke Pines, Florida 33028 (“De Leon”) as its independent registered public accounting firm. The decision to engage De Leon as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.
This is an emerging growth company that still hasn't factored in the growth into the PPS. That is the reason for the RS, so the company purchases of other companies, partnerships, alliances, sales of batteries and EV's that were made by the entity that was merged into JBZY, in November 2017, can be paid for by issuing preferred and/or common shares for the massive growth being brought in. IMHO, there may be some debt also, but we won't know the mix of how the growth will be paid for until we see the financials.
The longs that have followed this for over a year understand that this massive growth will be shown in the Annual financials that will be reported shortly, sometime between now and April 15, 2018.
GLTY and all the longs that understand what we have here.
Here is the translation for the next post, per Google:
Jinbo Investment Holding Group layouts China's agriculture and promotes the rapid development of the real economy
???? 03-12 13:51
No economic development can be done at the expense of people's livelihood. With the notification issued by the General Office of the Ministry of Agriculture of the People's Republic of China on January 22, 2018, of the 2018 agricultural GMO supervision work plan, the whole country is boiling over. The issue of genetic safety has always been a hot topic of discussion. The Ministry of Agriculture strictly examines genetically modified organisms, requires network-based investigations, cracks down on all illegal activities, and finds out problems. The Ministry of Agriculture’s document represents the beginning of a mess at the national level to rectify GM foods.
As early as 2016, Jinbo Group began to deploy large-scale agriculture and health care industries, and it has always been the top priority of the Group's industrial development. It has been focusing on the increase in farmers' income, focusing on the improvement of farmers' income, and focusing on the improvement of poverty alleviation in Gansu. The development of characteristic agricultural cultivation on the land, the non-transgenic cross hybrid breeding technology between maize and sorghum and other species with complete independent intellectual property rights developed by the research and development team of the Dainong Group, and the “big peasant series corn” that has been developed, namely “Sorghum "Maize" technology has also been applied to soybean, cotton, sesame, sweet potato, and other economic crops to create new crops such as corn, which have the advantages of high yield, drought resistance, poor tolerance, and salt and alkali resistance. Allowing more people to eat non-genetically modified foods to allow more people to obtain health is the heart of the Jinbo Group and the determination of the Jinbo Group.
The company adopts time, location services and wireless network coverage, equipped with smart water pumps and fans, through technology and remote control, truly agricultural production, water resources can be monitored and controlled. Farmers can use large-scale and industrialized cultivation of traditional Chinese medicine, industrial cannabis, and other economic crops in addition to planting large agricultural group seeds on high-quality land where manure and feces are used as the original ecological fertilizer. At the same time, it applies technology to supervise and monitor crops, and implements "order agriculture," recycling planted Chinese medicines and economic crops, and processing them into functional foods, health products, and supplies, ensuring the safety and timeliness of raw materials from the source, and helping members. To maximize benefits. With the support of an informatization and intelligent service platform, it will fully serve Gansu's land transfer project.
The group company will build a sightseeing town in Gansu according to its local geographical environment and human history. The construction of the Gansu characteristic sightseeing town project will rely on the development framework of “attracting nuclear + gathering nuclear + real estate extension system”, building a red Huining featured town with the theme of Long March culture, and building a special tourist town in the Lotus Lake in Sunan. We will adhere to the “trinity of industry, culture, and tourism” and the integration of production, life, and ecology, and build specialty towns into characteristic blocks for industrial development, new areas for health care and pension model, and quality resorts for leisure tourism. This will not only provide quality tourists. The accommodation environment, eat healthy food, and let all the customers who visit the tourist towns to enjoy high-end medical services while enjoying leisure travel, form a scenic area, a leisure gathering area, a small town, and special sightseeing. The township project has become one of the most distinctive modes of tourism development.
The Jinbo Group large-scale agricultural project will vigorously promote the transfer of rural land in the northwestern region and promote the development of agricultural economy in the northwestern region. Starting from the local natural features and humanistic characteristics, the company will introduce advanced science and technology and develop unique and high-quality products within the region in accordance with market demand. The development of characteristic agriculture, sightseeing agricultural parks, etc. will transform the unique agricultural resources in the region into specialty commodities, enrich the existing agriculture, not only make full use of resources, but also maximize local economic benefits, ecological benefits and social benefits. Optimize and better achieve accurate poverty alleviation and accurate poverty alleviation.
The initiative for the development of the Group's large agricultural project has also attracted the follow-up reports of numerous media. It is hoped that the urban population will accurately help the poor local owners and rural peasant lands will be innovatively re-employed!
Here is the translation for the next post, per Google:
Jinbo Investment Holding Group Co., Ltd. cross-border e-commerce development of new ideas
??? 03-01 15:59
February 9-10, 2018, China’s first Customs cross-border cross-border event organized by the General Administration of Customs of China and the World Customs Organization (WCO) with the theme of “innovation, tolerance, prudence, and coordination to promote the sustainable development of cross-border e-commerce” The e-commerce conference was held in Beijing. Wang Yang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the opening ceremony and delivered a keynote speech.
At the opening ceremony, Director-General of the General Administration of Customs Yu Guangzhou put forward four proposals for accelerating the formulation of rules, promoting the application of science and technology, building a credit system, and jointly building a development platform for the promotion of cross-border e-commerce customs supervision and service.
Ni Yuefeng, Party Secretary of the General Administration of Customs, presided over the opening ceremony. WCO Secretary-General Yukio Takeo attended the opening ceremony and delivered a speech. He expressed his appreciation for the efforts made by the Chinese Customs to promote the development of cross-border e-commerce, and called on the customs of the world to jointly cope with the challenges and introduce the “Transboundary Electronics” as soon as possible. Business Customs Supervision Standard Framework.
The conference passed the "Beijing Declaration of the First World Customs Cross-Border E-Commerce Conference" to pass the consensus and vision of the world's customs and other stakeholders on the development of global cross-border e-commerce. Cross-border e-commerce companies issued the "Global Cross-border E-Commerce Industry Initiative" and called for companies and government departments to work closely together to promote the sustainable development of cross-border e-commerce.
At the closing ceremony, Yu Guangzhou put forward three suggestions for the implementation of the "Beijing Declaration of the First World Customs Cross-Border E-Commerce Conference": exchanges and communication, improvement of rules; pragmatic cooperation, and creation of an environment; strengthening of docking and common development. The Secretary-General of the World Customs Organization, Yukio Bongo, made a closing statement and thanked China Customs for its contribution to the hosting of the conference. He appreciated the efforts made by the Chinese Customs to promote the development of cross-border e-commerce, and proposed that strategic standards be adopted to ensure the fairness of taxes and promote trade. development of. Zou Zhiwu, deputy director of the General Administration of Customs, presided over the closing ceremony.
Delegates highly praised and widely praised the conference's results. They believed that the conference was conducive to synergistic actions, cohesive development and joint efforts, and effectively promoted the sustained and healthy development of cross-border e-commerce in the world.
The leaders of General Administration of Customs Zou Zhiwu, Li Guo, Zhang Guangzhi, and WCO members from 125 countries (regions) attended the meeting with representatives from customs, government departments, international organizations, business circles, and academia.
Jinbo Group Advises Cross-Border E-Commerce Conference
Note: The third position from the right is Mr. Wang Jinlai, Chairman of Jinbo Group
In the first world cross-border e-commerce conference, Jinbo Investment Holding Group was invited as the representative of Chinese private enterprises to participate in this international event. At the same time, Mr. Wang Jinlai, Chairman of Jinbo Group, made a cross-border discussion on cross-border e-commerce statistics. The e-commerce big data application and analysis speech, introduced Jinbo Group's experience in the field of big data applications, and also looked forward to the Jinbo Group's development plan in the field of cross-border e-commerce, in the future will increase investment efforts, and constantly improve E-commerce platform services, logistics and warehousing services, supply chain financial services and other comprehensive service system.
Through the participation of this conference, representatives from various circles of the Jinbo Group reached consensus on many cooperations. In the future, they will jointly promote the progress of the current internationalization level of e-commerce and contribute to the creation of an ideal and harmonious platform environment.
Jinbo Group booth became an off-site highlight
In the “First World Customs Cross-border E-Commerce” conference, Jinbo Group displayed three products of Jinbo Intelligent Robot, Shake Tree Smart Phone, and “New Compendium of Compendium of Chinese Compendium of Materia Medica”, attracting government officials from all over the world. With the eyes of entrepreneurs, they all stayed in the Jinbo exhibition area, and their praises continued.
Mr. Wang Jinlai, Chairman of Jinbo Group in Jinbo Exhibition Area
Caption: As the high-tech representative of the Group, the intelligent robot "Daniu" performed the program for Mr. Yu Guangzhou (the first from the right), the Director General of China's General Administration of Customs. His outstanding performance has been well received by leaders and delegates.
Caption: Mr. Gohashi Bong-hung, the Secretary-General of the World Customs Organization (left), took a photo with the robot “Daniu”.
Caption: The deputy director of the Nigerian General Administration of Customs highly appreciates the “Maverick” function of the intelligent robot produced by the Jinbo Group. The Jinbo Group presented the “maverd” robot as a witness of friendship between China and Nigeria and passed on friendship.
Caption: The Slovak ambassador to China (left) is indulging in the "New Edition of the Compendium of Chinese Compendium Outline" of the Chinese Medicine Yaobao of the Jinbo Group, and left valuable suggestions for the development of the Group.
Here is the translation for the next post, per Google:
How does Jinbo Investment Holding Group Co., Ltd. speak with strength?
China Construction Machinery Information Network 03-01
Since the Nineteenth National Congress, the party Central Committee with Comrade Xi Jinping as general secretary has taken the people's physical health as an important connotation for building a well-to-do society in an all-round way. Starting from maintaining the health of the entire nation and realizing the long-term development of the country, a people-centered "healthy" is being laid. road". The National Satellite Health Data Platform is also a grand blueprint and action plan centered on the construction of “Healthy China”, and strives to provide more quality health management and life services for the Chinese people.
The high profile of Trump’s visit to China “State Visits+” has become a new initiative for the US dollar’s ??first meeting in the new era and represents the determination and action of the two countries to create a new era for better Sino-US relations. This time, the International High-Tech Medical Team China Regional Technical Training Summit was held on December 18, 2017 at the Beijing Marriott Hotel. The summit was packed with seats, guests were like clouds, experts from international and domestic medical institutions and domestic and foreign guests and scholars gathered together to witness the industry events that are closely related to human health.
The global satellite health data platform built by Jinbo Investment Holding Group (hereinafter referred to as Jinbo Group) has the support of high-end medical institutions in the United States and has successfully developed world-class technologies and R&D achievements such as breast cancer and diabetes treatment technologies, and biological shield products from the United States. Introduced to China, this summit invites high-end medical experts from the United States to come to China for training. The venue is bright and full of gorgeous and shocking layout designs, visual feasts, and Chinese medicine books and health products enriched with advanced medical technologies at home and abroad. The advanced Quantum G Ultrasonic Detector has attracted the attention of many guests and has come forward to experience and try it out.
The atmosphere of the scene was warm and the guests were enthusiastic. They participated in witnessing the success of the annual summit. The transaction volume on the day of the summit reached tens of millions, and the population covered all provinces and regions in the country. So far the transaction volume has continued to rise with “speed and passion”.
Jinbo Group's healthy big data platform introduces world-class three technologies and integrates world medical technology. Based on the research and development of traditional Chinese medicine molecular biology research and development for more than 20 years, high-end medical institutions at home and abroad have compiled Chinese herbal medicine map literature and initially formed Chinese herbal medicine big data. The introduction of energy medical technology, through the G super energy health detection and treatment instrument, the formation of 7000 vital indicators of human anatomy to detect big data, matching bio-health products of Chinese medicine, the formation of energy life and health data, Chinese medicine molecular biology big data, herbal medicine research books Big Data, providing healthy big data retrieval support for healthy China, with President Xi as the core, fully implementing the spirit of the Nineteenth Party Congress, promoting the development of healthy new industries, new business models, and new models, and promoting the scientific development of the health industry, helping the numbers China, healthy China construction.
Here is the translation for the next post:
Jinbo Investment Holding Group Co., Ltd.: Setting sail to start a new strategic cooperation
????.. 03-01 15:57
With the victory of the party’s 19th National Congress, 40 years after the reform and opening up, the great motherland has closely followed the pace of the times and has led large and small Chinese companies to follow the core values ??of socialism and march forward energetically.
In the past year, it was just an extraordinary year for the Jinbo Investment Holding Group (hereinafter referred to as Jinbo Group). On September 26, 2017, the press conference for the National Satellite Health Data Platform was held in Beijing to announce that the platform was formally established to jointly witness the industry events that are closely related to human health, and the human health care industry has again set off a climax.
On December 18, 2017, the “National Satellite Health Data Platform Summit of the China High-Tech Medical Team China Technology Training Forum” was held in Beijing. It is a key step for the Jinbo Group to take an internationalization strategy. In order to promote the rapid transformation and upgrading of the national health industry in Jinbo, and further support the development of Jinbo Health Industry, on December 18, 2017, it successfully acquired the listed company---Qinghai Decheng Biotechnology Co., Ltd.
Established in 2017, Qinghai Decheng Biotechnology Co., Ltd. is the first application technology company specializing in the development of natural plant essential oils on the Qinghai-Tibet Plateau. The company has integrated specialized plants for the cultivation of Tibetan medicines and deep processing plants for extracts to form a supply of raw materials—natural plants. Primary extraction - Separation and purification of essential oils and extracts - The industrial chain of essential oils and high purity single product applications.
Driven by the special resource industrial planning of Qinghai Province, under the guidance of the natural plant survey results of the Northwest Institute of Plateau Biology of the Chinese Academy of Sciences, under the cooperation of basic biological research of Southeast University, etc., the health food formulation enterprises produced 8 standard government records and mastered them. Nearly ten kinds of natural plant essential oils in the Qinghai-Tibet Plateau have been applied in innovative inventions to fill the gaps in the world and have applied for invention patents.
Professional asset assessment agencies have determined that the current assets have reached 150 million. On August 23, 2017, Capital China Haicheng Quality Project Qinghai Decheng Biotechnology Co., Ltd. was successfully listed at the Shenzhen Qianhai Equity Exchange Center with a listing code of 367548.
It is understood that the Jinbo Group plans to reorganize the assets after the acquisition of Qinghai Decheng Biotechnology Co., Ltd., to develop more than 20 years of traditional Chinese medicine research and development technology for high-end medical institutions at home and abroad, and to complete thousands of ecological maps of herbal medicines, many medical pharmacopoeias, and Chinese herbal medicines. The theoretical essence and millions of words of Chinese medicine classics (great dictionary) data combined with the human body's 7,000 energy medical intelligent detection G super large data recommended hundreds of traditional Chinese medicine conditioning health products are loaded into the company, and through the national satellite health data platform Sales of company’s health products, and the establishment of no less than 50 experience stores in the western part of the country in the future, expanding the total scale of assets, making full use of the green channels of economic policies in the western region, and contributing more research results for the medical and health industry, benefiting people’s lives .
Jinbo Investment Holding Group Co., Ltd. - the leader in cross-border marketing
Northern Network 03-12 14:48
Jinbo Investment Holding Group "Jinbo - Zhonghao Mingyang, Nanning-Beijing Motorcar Launching Ceremony" and "2017 China-ASEAN" Belt and Road "Jinbo Group New Generation Electric Vehicle Press Conference and Fortune Forum" on June 24th Guangxi Nanning held a grand ceremony. Jinjin Group's president Zhang Jinqun of Smeer Global Technology Co., Ltd., Jinbo Group executives, heads of various departments, leaders of Guangxi Zhuang Autonomous Region, leaders of embassies of various countries in ASEAN, and Taiwan’s political leaders were invited to attend the event. This is an important measure taken by the Jinbo Group to actively participate in the “Belt and Road” initiative and promote the internationalization of the company’s development. It is also a recognition of the steady development of its subsidiary “Zhongying Mingyang”.
Photo: Jin Bo-Ming Zhong Ming Yang started the ribbon-cutting ceremony and opened up an innovative “Jinbo speed”.
At 8 o'clock in the morning, the “Jinbo-Zhongming Mingyang No., Nanning-Beijing Motors Launching Ceremony” was held at the Nanning East Railway Station G422, platform No. 22. A number of guests and media attended the ceremony. After the guest speech, a ribbon cutting ceremony was held to witness this. Exciting moments. It is reported that this time in cooperation with the High Speed Rail Group, the Harbin Harmony Co., Ltd. will be named Jinbo Zhongmu Mingyang, and it is envisaged and planned to set up Jinbo-Zhongming Mingyang to share cars at various sites in Beijing and Nanning.
The Jinbo Group’s G422 “Jinbo·Zhongming Mingyang” train was slowly driven out of the Nanning East Railway Station. The Jinbo·Zhongmu Mingyang High Speed Rail appeared between the capital of Nanning, Guangxi and Beijing. Train Yingying, the high-speed EMU train will run along Liuzhou, Liuyang and Beijing-Guangzhou high-speed rail lines, passing through Hengyang, Changsha, Wuhan, Zhengzhou, Shijiazhuang, Beijing and other cities, through the Chinese economy is active and development zone. As a result, the innovative "Jinbo speed" was opened on the 2,500-kilometer-long railroad track.
Jinbo Group New Generation Electric Vehicle Press Conference
Fortune Forum
After the 2017 China-ASEAN “One Belt and One Road” Jinbo Group’s new generation of electric vehicle press conference, Jinbo Group not only introduced the development plan of the Group to the participants in all aspects, but also demonstrated its new generation of green and environmentally friendly electric vehicles. In order to express homage to the police officers working hard to maintain social stability on the front lines in Guangxi, a ceremony was also organized to donate "a new generation of electric vehicles" to the public security organs. With the launch of the “Jinbo Zhongyin Minghao” high-speed rail car and the launch of a new generation of electric vehicle press conference, it not only announced the integration of the green travel and the EMU train advocated by the Jinbo Group, but also created innovations for green travel. The concept of sex, and sounded the Shenzhen Jinbo Holding Group based on the Bagui, marching forward to the ASEAN horn.
Huang Shengqin, vice president of investment promotion of Jinbo Group, said that Jinbo Group attached great importance to Guangxi for a long time—the only country in China that is linked with ASEAN by land and sea, and it is an important gateway for the organic development of the “Belt and Road”. At the close of the 14th China-ASEAN Expo, Guangxi will serve as a service platform for the China-ASEAN free trade zone, a common platform for multi-discipline exchanges between China and ASEAN fate communities, and a core platform for the 21st Century Maritime Silk Road cooperation. To play an increasingly important role. In this important historical moment, Jinbo Group seized the opportunity to enter Guangxi. After entering Jinxi, Jinbo Investment Holding Group will fully focus on the "three cores: physical industry, mobile internet, and financial sector" and will include: "Mobile Payments; New Mobile Intelligent Terminals; Big Culture; Great Health; Big Data; Great Finance; Major agriculture, new energy and other nine major segments of the business.
Zhang Jinqun, President of Jinbo Group Smeir Global Technology Co., Ltd., said that the Group will focus on economic and trade cooperation based on the needs of the “One Belt and One Road” project and build a trade platform for capacity cooperation between China and ASEAN countries and countries along the Maritime Silk Road. Industrial docking platform and information service platform participate in cooperation in various fields of “Belt and Road”; participate in exchanges and cooperation between China and ASEAN and other countries along the “Belt and Road”, and make their own efforts to create a vast market and huge business opportunities beyond 11 countries. Contributions.
I don't think it is because I bought any stock when Steven Stein owned the shell. I think it is because I read everything that was in the Wyoming SOS history for this shell. It is all there for anyone who wants to do the research. IMHO, that is how I know we are golden because Mr Wang has been very methodical with everything he has done with this shell. Very little dilution, very few PR's, federal lawsuit to recover fraudulently issued shares all tell me that he is diligently conducted business to grow the company. IMHO, he protected shareholders by not doing an RS immediately after he bought the shell. Anyone that knows the OTC knows that most RS's happen when a shell is purchased or when a name change occurs. He has had plenty of opportunities to get rid of the original shareholders. IMHO, the current RS is to make room for the massive growth being brought in and to get to NASDAQ. IMHO, he has a well thought out plan to get there by maintaining a solid share structure that appeals to major investment firms.
GLTY, my fellow long.
BTW, JBZY owns 37% of the company you are referring to in your post.
Bloomberg's information hasn't been updated since 2015. That name is linked to DOLV, when it was a scam under that schmuck's name. He was the CEO at the time when it was a sham diamond mining company.
Steven Stein booted him and took over the shell in 2016, but never did anything with it. Dequn Wang bought the shell, in December 2016, from Steven Stein and he RM'd the battery company and his prototype EV's into the shell. Since then, Mr Wang has expanded the company and has formed many partnerships and alliances and has bought into companies, etc. He applied for a name change to JBZY, then in October, after the extensive cavity search by FINRA, it was approved. Then on November 3rd, Mr Wang merged the rest of ZJMY and we are waiting on the annual financials to see how big the assets are that were merged in.
GLTY and all the longs.
I may have just made this specific saying up, but I remember hearing something like this year's ago.
A wise man listens to gain wisdom before he speaks. A foolish man speaks nonsense without listening, thus never gaining wisdom or respect.
Dream On. Toxic warrants that convert to slightly under 750 billion common share don't expire until 2020, so any hopes of going from no bid upwards is ridiculously optimistic. They did a 1 for 20,000 share RS to try to resolve the issue, but it went down faster than a dog laying a turd and here it sits. No bid with no likelihood of being able to sell one share that anyone buys except the MM's who can buy sub .0001. I believe that when they buy below .00005 they find some sucker who is willing to buy at .0001,
Stay away from this scam. Too many have lost their money trying to think the way you think. I was one of them.
Nice to hear from you Grizz.
I don't know which post you are referring to, but this is one that got deleted because admin felt I attached the poster. I have removed the wording that I believe were the offending words.
"We own the same company that is on my T-Shirt, the financial report and the OTC header. And, no, they would not let it just die because the industry is saturated with second generation batteries in EV vehicles.
JBZY is going to be the benchmark for the industry, with it's 3rd generation battery. This new technology solves most of the problems encountered with the 2nd generation battery technology.
See Stock Farmer's post below:"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131841938
Keep the faith!!!
JBZY appears to be following in Baidu's footsteps.
Here is an article that explains market makers and what they do. There are more articles, but I had this in my saved files.
http://www.32trades.com/market-makers-knowing-what-youre-up-against/
That's 22 million or so that unbelievers have sold. I am assuming that your HK friends speak or understand Mandarin Chinese, which is spoken around Beijing, or Cantonese, which is spoken in Southern China. Since they bought so many shares, IMHO, they understand the magnitude of what they have.
Remorseful times ahead for those who sold.
GLTA
Thanks, JK
Good to know. I already got rid of mine, but there may be other folks who are still holding a widow or some orphans.
Hey Cash, check with your broker. I talked with Scottrade, after the huge RS, about my single share and they sold it for me without charging me the trade fee. I know that Scottrade merged with TDA, so Scottrade no longer exists. Hurry before 2020 or they may do another RS and it might cost you another $20.
The delinquent notice is a failure to file their annual required Wyoming SOS report. Once they file that, the issue will be resolved. Look back through the JBZY history on the Wyoming SOS site. All corporations are required to update their ownership and registered agent information. In fact, Dequn Wang filed last year's report on time and then filed an amended report a few days later. I am sure that was because Richard Oravec was involved last year. It was filed on time in 2017. Now that Richard is no longer involved, it was not filed and the company should rectify this error soon. All previous owners have been delinquent. Every year has been late and the delinquent notice always preceded the filing of the annual report. See for yourself by skimming though the history.
We own the same company that is on my T-Shirt, the financial reports, the Wyoming SOS filings and the OTC JBZY filings and header. And, no, they would not let it just die because the industry is saturated with EV vehicles that have second generation batteries.
IMHO, JBZY is going to be the benchmark for the industry, with it's 3rd generation battery. This new technology solves most of the problems encountered with the 2nd generation battery technology.
See Stock Farmer's post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131841938
GLTY
NASDAQ came out of the mouth of the CEO, almost a year ago. I am one of many longs who believe him. 45 days or less and we will all know.
GLTY
I agree with what you say. IMHO, the RS is a fallback plan. If they don't get the PPS they are looking for, they may do a smaller RS to get there.
They will still need to have an A/S large enough to handle all of the fully diluted common shares, which consists of common shares from current preferred convertible shares, common shares from newly issued preferred convertible shares, newly issued common shares, plus the current O/S. A mixture of all these may be necessary to pay for all of the new assets, partnerships, alliances, investments in sister companies, etc. IMHO, no one knows how the growth will actually be paid for, but us longs know this is an emerging growth company and we have seen significant growth that can be verified through the DD of some stellar sleuths. One thing I do know for sure is, that we will know within 45 days or less, how massive this company has grown through the end of 2017. IMHO, if the company wasn't required to season in the OTC for a year, they would not have had to wallow in the sewer. JBZY is nearing the end of it's stay in sticky pinkyland and will soon be where it belongs, on NASDAQ.
GLTA.
I believe that many people have answered your question, but you don't want to accept the answer. If you had a business and you were going to merge your business with another business, the other business has to pay you what your business is worth and you have to reciprocate and pay him what he is worth. Many of the business who merge, trade stock, either preferred or common for the assets of the other company. With the A/S at 2 billion and the total diluted common shares being over that amount, this company can't exchange anything for the assets coming in. Hence a RS to free up 800+ million common shares so the company can exchange either preferred shares or common shares with the company bringing in the assets. Another way, would be to incur debt, which means to borrow money to pay the company for the assets they are bringing in. Most companies exchange shares for the assets. The other alternative would have been to increase the A/S to make room, but that would have diluted Dequn Wang's ownership.
I contend that he had to keep his preferred intact and not make them part of the RS because as I have said, he wants to maintain control of his company. If he had made his preferred shares subject to the RS, his 1.25 billion common shares would become 12,500,000 shares. His 12,500,000 would only be .625% of the 2 billion A/S, thus making it very easy for him to lose control of his company.
That is why his shares are excluded from the RS!
IMHO, it is all about him maintaining control of the company that he built from the ground up. With the pre-RS structure, the preferred shares totaling 500,000, in all the three classes, which convert to 1.25 billion common shares, was needed because of the 2 billion A/S. IMHO, he didn't want to lose his company if he later converted and sold some common shares, so he finally settled on 500,000 preferred, convertible to 1.25 billion common. He originally only had 300,000 of Class C preferred, which I am sure was not enough to ensure control, hence the 100,000 Class D and the 100,000 Class E to make sure no one could initiate a hostile takeover.
I agree with you Bong. This is total nonsense.
Those that are saying that this is a scam or that the company is screwing the old shareholders are missing the obvious. A company that wants to screw over the old shareholders would have done a RS upon obtaining the shell. Then, when they found out about the 54 million common shares, that were issued fraudulently, they should have definitely done a RS. Instead, they chose to recover those shares in Federal Court. Then, they were instructed by FINRA to become current by filing the missing 2013 financial reports. They faithfully complied and have remained current. If this was a scam, the company would have been stupid to spend all that money in Federal Court and all that money to produce the 2013 financials and all the other compliance issued they had to do. If this were a scam, there would have been fluff PR’s and massive pumping from the get go and they would have never had to spend any money. Everything the company has done so far, fit a company who is methodically getting ready to uplist to NASDAQ.
As far as the preferred shares that Dequn Wang owns, which are convertible to 1.25 billion common shares. I believe that he has no intention of selling most of them. IMHO, he will still hold most of them for control of the company. When he frees up 800+ million shares by doing the RS, there will be some heavy hitters that will be coming in and, if he wants to keep his company intact or avoid a hostile takeover, he will have to maintain sufficient preferred shares to still have control over those that may have accumulated large blocks of shares or who own large chucks of preferred shares for the assets they brought in.
I believe that I finally understand what Dequn Wang was saying to his associates, when he relayed the story about Baidu. He said that only around 200, out of 8000, stayed the course and went all the way with the company. IMHO, he knew he had to choose to do a RS and he was letting his associates know that if they would stay the course, that they would come okay at the end. I believe that this RS is to make room for the partners, affiliates and new money within the share structure that we have. He could have increased the A/S, but that would have taken longer to get the PPS to the $4 level needed to go to NASDAQ. So, here we are folks. You can believe or not believe that this is an emerging growth battery and EV company or you can choose to believe that this is a scam. Based upon everything that we have uncovered and the way the company has conducted itself so far, I choose to believe that we have company that has a new battery technology that will probably became the standard for the Chinese market. And, we get to be in this at the ground floor level.
GLTA, no matter which side of the fence you are on.
I read the answer to the question and find it interesting.
Does that mean that JBZY is in violation of an SEC regulation by stating that their preferred shares are not subject to the RS?
Does anyone know, because they stated that the preferred were not affected by the RS, on the amendment that they filed with the Wyoming SOS.
Comments from Art35 would be greatly appreciated or anyone who has an SEC background.