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Yes and tonight he confirmed it existed.
That looks like Elon Musk asking JBZY for help with his failing TESLA company. Knowing Wang's superior battery can save Tesla, I am sure Wang will help for a price. Ah, the sweet smell of capitalism.
What Jbzy is doing is the same that other car companies have doing for years, which you have confirmed with you slapping the "Z" on the Lone Star EV post.
I have reserved my front row seats and am ready to enjoy her full 6 range octaves.
So you are confirming that JBZY DOES EXIST BY OWNING ZJMY WHO OWNS PART OF LONG STAR. KIND OF LIKE THE ALLIANCES THAT FORD, CHEVY, GMC AND ALL THE OTHER MAJOR CAR COMPANIES HAVE WITH FOREIGN CAR COMPANIES!
So what does that have to do with batteries and EVs that initially are only going to be sold to Chinese nationals with Governmental backing? Are you saying that the Chinese government is and will be condoning such activity to be perpetrated on their own people? I think Not! Especially by a national hero.
You can smell the rocket fumes already. You are right, patience is the key with JBZY, because I have found that the Chinese people that I know, say they will do something and then act on it. You don't hear another word from them, but they follow through on what they say. Mr Wang is a doer, that is why he has his hands in so many companies. He doesn't have much time to talk incessantly about what he is going to do, but we see his actions in the media, whether it's JBZY or another plate in JINBO.
No Snug, anyone who does some real DD doesn't just take one piece of information and relies on it. He does extensive DD and gathers all the pieces, analyzes the good and the bad, and sees which make logical sense in the big picture. This is just one piece that fits with the other hundreds of pieces that makes sense. Being a typical OTC scam does not fit the big picture of everything that has occurred with this shell and with all the DD that has been uncovered.
A typical scam would RS the old shareholders at the beginning of the shell purchase, they would pump the stock with PR's up the kazoo, they would pump it during the times when the PPS was at it's highest, they would start diluting the stock immediately, they would not spend much money, especially money on auditing 2013 financials, they would not initiate a federal court case and spend money on that, they would not comply with FINRA requests and prolong their scam, they would not apply for a name change, they would not hire an outside auditing firm, they would not stay quiet for over a year, and they would not file financial reports as they have done in the previous year. That is why I am confident that we will see an audited consolidated annual financial report shortly. We shall know very shortly, won't we!
GLTY and all the longs.
Oh, I forgot to ask, are these the ones you were referring to that are "dangling carrots?" I am sure they have a lot to gain by divulging that the company exists, so the scam can be perpetuated.
Not a follower, a true believer in the amazing DD. I GUESS THE ENTIRE CHINESE NATION IS IN COLLUSION IN THIS SCAM, AS WELL AS SOME INQUISITIVE TOURISTS. HOW MANY PEOPLE CONFIRMED THE EXISTENCE OF JBZY IN THIS POST ALONE?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136958935
So true! Just what you said, takes away any reality of this being a fraud or a scam. No motive and no pumping when they could have done it bigly!
Hey Davey, you being an Attorney, what would Roger Fidler say about his name being plaster on this video, slandering him by linking him to a "Chinese Hustle?"
They took footage from a movie called the Chinese Hustle, which I believe is coming out in 2018, and inserted DOLV stuff in to make it look like there was some correlation between our real company and the actual scams depicted in the movie.
I can't think of any other reason why it would take them this long to come out with the financials, except that they were getting everything ready to make the moves needed to uplist to NASDAQ.
The Long Star scenario makes sense, too, since Han doesn't own any preferred shares in JBZY.
We will have to wait and see.
GLTY and all the longs.
I don't know when the annual financials will come out, but I believe that they will have to be audited and consolidated, if they are planning on moving up to NASDAQ. Audited annual financials are a requirement for listing and a PPS higher than $4 is needed, so consolidated figures are needed for the PPS to go above that.
Quarterly financials do not need to be audited, but they do need to report what was merged in November 2017, so consolidation should be shown on the annual and the quarterly financials from year-end forward.
As far as the ZJMY 37.7% ownership of Guangxi long star, I don't know what is going on with that. I am not sure if Han Zhiming sold some of his ownership or whether he got bought out. Since the company has been very quite, I would say we won't know what transpired unless they choose to tell us on the annual report or the quarterly report.
My background is in accounting, so what I can say relates to why it is taking so long. IMHO, if the financials are not being audited or will not show consolidated results in the annual report, it shouldn't have taken this long to produce them. The third quarter financials were out 60 days after they were due. If the annual financials were going to be more of the same as the third quarter, they should not be taking over 105 days to produce. Anyone who understands accounting would understand that the more complex a company becomes, the more complex the financial reporting becomes. My opinion of what is happening now is that it is taking longer than we anticipated to prepare the consolidated financials and to audit them.
The problem with this stupid video's connection to JBZY is that Mr Wang already has a massive private entrepreneurial history and a massive private empire that he is wanting to take public. He doesn't have to create a hustle as shown in this video, which was probably created by someone who wants to taint JBZY, so people sell their shares. If you look at the massive amount of Mr Wang's business history that has been researched in the DD, he is the real deal and ZJMY is tied to him and JINBO. RO and many others have confirmed the existence of JBZY and the connections to ZJMY, JINBO and all the other alliances, partnerships, government contracts, etc.
BTW, IMHO, THIS VIDEO IS BEING INTRODUCED, AT THIS TIME, BECAUSE SOMEONE WANTS TO SCARE PEOPLE INTO SELLING THEIR PRECIOUS AND VALUABLE SHARES, RIGHT BEFORE THE AMAZING FINANCIALS COME OUT. ALL I HAVE TO SAY IS KNOW WHAT YOU OWN.
GLTY AND ALL THE LONGS.
What you are referring to is an existing publicly-held company spinning off a part of it's existing structure. I am not familiar with spinoffs, but for a private company to go public and to do an IPO, it takes longer and costs more.
Didn't I say you could IPO in my post, but it would take longer and cost more. When I said that Chinese companies had to season on a lower exchange for one year, it was for those doing a reverse merger.
I was pointing out that you can IPO, but if you choose to RM, you have to season for a year.
QUOTE
"Well right out of the gate it was a reverse merger with a dead pink.
If you wanted a U.S. listing for your multi billion dollar Chinese company you would IPO like all the other legit Chinese companies."
IPOs take about 3 times longer to accomplish than merging into a dormant shell and costs many times more than buying a dormant shell. Also, Chinese companies are required to season in a lower exchange (OTC) before being allowed to move up to NASDAQ.
IMHO, Wang's plan was to get to NASDAQ as quick as possible and to get his products to the masses before other EV companies. Hence, being the smart man that he is, he bought a shell and merged his battery and start up EV company into it. Having been public on the OTC for one year, he has met the seasoning requirement that he was faced with. IMHO, he will soon be able to apply for reinstatement with the SEC, if he hasn't already, and IMHO, he has audited financials in the works, as we speak.
When they are released shortly, he will exceed the $4 PPS requirements, for applying to list on NASDAQ, and will do so within the next few months. I am almost certain that he has such a plan and will continue to carry it out until he reaches his goal.
GLTY and all the longs.
Hope so too, but if they are being audited, we won't know until they are finished with the audit, then they will release the fins. Send me a private message at sjr396@yahoo.com on your thoughts.
There is a company and a huge one at that. The PPS not dropping like the NYE ball in Times Square says that many people believe that this is going to be a mega-conglomerate. Someone is putting up walls on the ask and someone is trying to buy thousands on the bid. That doesn't sound like anyone believes that this company isn't real. We will soon find out!
People with money want to buy more shares at a cheaper price so they can maximize their profits. Or, people want to short this and they can short more shares at a lower price and make more money. Also, by putting up huge walls, those that want cheap shares scare people into thinking there is a sell-off happening, so the uninformed will sell their shares.
Someone with cash can bring that wall down. I tried it yesterday on a 2000 share wall, from ETRF, by slapping the wall and doing an AON and they wouldn't sell. Instead, ETRF removed the wall and NITE put up a 500 share wall at a slightly lower PPS. Someone bought it and they went back to ratcheting the PPS down. At the end of day, they ratcheted the PPS from an ask of 2.50 down to 2.30, so someone is trying to keep this down.
I also hope he isn't offended and that he continues to be active here. Most of us longs, like Davey Moore, consider an image of a Chinese article as useless information since most of us don't read Chinese and the ones that did no longer choose to contribute to this board. Either an interpretation or a link has been and still is the standard for anything posted that is written in Chinese.
GLTY, SuperB and all the longs.
I don't understand why the links to the information aren't sent or requested. That way, the links can be copied to the chrome translation platform and we can all translate the articles and read the information ourselves. Don't know how to take someone who posts pictures, which BTW can't be translated easily. I think someone has been able to translate pictures, but I don't remember who it was.
Standard policy on this board is that if you don't or can't provide a translation, it will get deleted or just don't post it until you can provide the translation.
Don't hold your breath until that time comes!
Don't hold your breath! You will have a long wait.
I remember someone posting that phrase because we all had a good laugh. I was mainly responding to RO supposedly saying that there would be a ticker change and that the annual report would be out this week. He is in the dark as much as we are and until he receives the financial report and is asked to release it, he doesn't know when it will come. As far as a ticker change, how would he even know that until they gave him that information.
IMHO, both are fabrications.
Why don't you ask your sister to give you some advice after she reads this firms bio. They seem to be a perfect fit for what JBZY needs. They are PCAOB registered, experienced in SEC matters and have experience in translating financial information for Chinese companies.
http://www.deleoncpas.com/index.html
Not a surprise! Usually always the case! I am not worried. It could be they applied in March 2018 or maybe they will be a major presenter, like introducing their 3rd generation technology! I believe that Tianging University, who helped develop the battery technology, has a presence at the battery expo. I hope I spelled the name right.
Regardless, we are golden. I am sure the negative usage of positive info is why most of us don't post all of what we already know.
GLTY and all the longs.
I guess we will have to wait and see if they show up. I believe that the list of exhibitors is those that have applied through February 28th.
Since we are so close to the time when the financials come out, we will know what JBZY looks like before the battery fair in May.
I see Mr Wang as a man with integrity, who has so many coals in the fire that he doesn't have time to play the PR game. IMHO, he will let each entity speak for itself through the financials as he grows each entity.
He could of gotten rid of the old stockholders and had the shell all to himself by announcing a large RS immediately when he bought the shell and while the stock was still in the trips. Everyone would have probably sold their shares immediately and he and his inner circle could have bought the entire O/S very cheaply because the PPS would have plummeted with all the selling going on. Instead, he waits almost a year later, until after the merger of the rest of ZJMY and close to the time when the annual financials are due to be released which reflect the merger, to do a RS. It doesn't take a rocket scientist to see that the RS is part of his plan to pay for what he is bringing into JBZY, from the merger of the rest of ZJMY.
This man appears to be a very methodical entrepreneur, who doesn't waste his time putting out senseless PR's to appease anxious shareholders. IMHO, when the financials come out, they will speak louder than any PR.
I guess that is why I am not you and you are not me.
Nope! I have always believed that he wants to get rid of anyone who is not truly an investor because flippers and shorters ruin companies because they do not hold stocks long term. If that happens, I am still of the mindset that there are still people holding onto this stock for short-term gains and I believe he truly wants people who are going to be there long-term.
Trading on a public exchange is the only way he can achieve liquidity with his private assets. You can bet he has big plans for this ticker. If he only wanted to expand his businesses in China, he could have done that without going through all the expenses of going public. We haven't heard from him because that is the way he operates. We never heard about the name change, nor the merger or the RS directly from the company. We heard about them through our vigilant views of the Wyoming SOS and the OTC-JBZY websites. We won't here anything from them until we get the annual audited financials either. Then, we zoom.
BTW, I don't think he is satisfied being a multi-millionaire. I believe he has plans on being a multi-billionaire and going public is the way he plans on achieving that goal.
Quote
"Please tell the world what this POS was trading for on Wednesday, 03/07/18. I'll wait"
Please tell the world what this resilient UNICORN was trading for a week later, 3/15/18! Go ahead, I'll wait!
I totally agree with what you are saying about getting their ducks in a row.
I haven't seen any stinky pinkies go through what this company has gone through and paid out so much of it's own money to get to where they are now. Most stinky pinkies would just pump and dump, dilute, and move on.
IMHO, JBZY(D) is methodically moving forward with a plan to uplist to a higher exchange. It won't be long before we find out. We shall see what transpires within the next couple of weeks and see where this goes.
GLTY and all the longs.
Maybe they are late because they are new to the OTC. CHECK
Maybe they are late because they are a Chinese company not familiar with the OTC. CHECK
Maybe they are late because the company has grown so quickly that it takes longer to do a consolidated report than anticipated. CHECK
Maybe they are late because the auditors have to go through a large about of financial information before they can provide an accurate opinion. CHECK
It states in the last quarterly report that this is an emerging growth company and that they are not subject to the same requirements as normal existing companies.
Emerging Growth Company
We qualify as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. As an emerging growth company, we can delay the adoption of certain accounting standards until those standards
would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period.