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Welcome 2022 :)
Good year: JBZY gets sold/merged/renamed.
Bad year: The preferred shareholder continues doing nothing.
JBZY 2022...It Can't Get Any Worse!
4-yrs of total silence.
9.3M OS worth $1860.
PFA dead & buried.
No EV manufacturing.
No battery production.
No battery swap stations.
Wang Dequn: Arrested.
https://www.freemalaysiatoday.com/category/nation/2019/10/30/i-got-malaysian-passport-for-rm400000-chinese-national-tells-court/?__cf_chl_jschl_tk__=OcMvdnA4Byokpl_GXNFZCxL5bjYTdZ8ENQzrrbAhwCM-1640967271-0-gaNycGzNCCU.
Richard Oravec: Charged by the SEC in a $5.9M fraud scheme.
https://www.sec.gov/litigation/admin/2021/33-10980.pdf
Lin Tianting: Signature forged on a WYSOS document listing him as JBZY president.
JBZY Shareholders: We bet on a dream, it turned into a nightmare, and now our money is gone.
2023 WYSOS will deliver the final blow by deleting JB&ZJMY Holding Company, Inc from existence.
Obituary:JBZY was all HYPE.
If Wang bought DOLV with Jinbo capital.
Jinbo "might" be JBZY preferred shareholder given Wang's departure.
Still hoping for a sign of life by Chinese New Year 2022.
Another cut & paste job would do just fine.
Why the continued small trades?
Seller gets pennies, volume isn't enough to make it worthwhile.
Preferred Shareholder,
a. Change the corp name & symbol.
b. Rename PFA (I recommend a famous Asian dog breed.)
JBZY is now a crypto-currency corp with $0 debt and 9.3M OS :)
The preferred shares get turned into $USD and the PPS takes-offs.
East & West celebrate "Chinese New Year 2022"
The fact is JBZY is too cheap to sell.
Small transactions occur each week keeping the trading pumps primed should the unexpected occur.
Wang spent $100k to purchase, clean, and name change DOLV, then let it sit on a shelf for 3.5yrs.
Other than an equity lawsuit finalized in Sept, there’s been no public statement from Wang Dequn or Lin Tianting.
If the preferred shareholder is looking to make money, he’s in the perfect position to leverage JBZY in a SPAC merger.
Name & symbol change, becoming current with WYSOS & OTC, and the PPS returns to $$.
A nice Xmas gift :)
Wang Dequn/ Lin Tianting business associations.
As expected Wang & Lin are business associates.
As expected they share other business associations.
As expected Han Zhiming (ZJMY) is not listed.
What happened to JB&ZJMY Holding Company, Inc.?
Only the preferred shareholder knows, and he ain't talking.
No mention of Jinbo in the document.
CCYC is living on a shoestring, in need of a buyout or merger to continue operating.
"Although Beijing Clancy started business operation and had generated revenue for the YEAR ended July 31, 2021, the Company incurred loss, an accumulated deficit and experienced negative cash flow from operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern."
Agreed. JBZY has the perfect structure for new management.
You can't beat $0 debt and 9.3M OS.
With a market cap of $932, I'll buy the company.
First order of business:
a. Rename PFA after a happy face dog photo.
b. Give free PFA to Elon Musk.
c. Watch Elon Musk's Twitter feed; "PFA is better than Dogecoin!"
We all walk away millionaires :)
Wang’s mistake was not naming PFA after a dog.
"To put this mammoth increase into perspective, imagine you had the wherewithal, stomach, and
luck to invest $100 into SHIB on Aug. 1, 2020, at the above-stated price and held for the past 15
months. Your $100 investment would now be worth (drum roll)...$14,045,098. Yes, over $14 million!
This would firmly place you in the top 1% of the wealthiest American households, which has a
cutoff of around $11 million."
CCYC is a current, pink, enigma.
JBZY was demoted to Expert Market, still trades shares.
CCYC, 0 shares traded since June 22nd.
Disregard, it was a glitch.
This is strange....
All the financial reports for CCYC have been removed from the OTC website.
https://www.otcmarkets.com/stock/CCYC/disclosure
Either it's a glitch, or, a new beginning for Jinbo & CCYC.
What about JBZY? Who knows what's going on, but, at least "something" is going on.
We are all confused.
CCYC: 10/28 submitted NOTIFICATION OF LATE FILING.
Jimbo: No mention of ZJMY or JBZY in the list of associated businesses.
ZJMY website: No mention of JBZY.
Wang: No public statements.
Lin Tianting: No public statements.
And if you really want to feel miserable:
https://digg.com/money/link/here-s-how-much-money-you-d-make-if-you-bought-10-000-in-tesla-stock-10-years-ago-IYgiF1Rahl?utm_source=digg
What needs to happen.
a. Change the name.
There's no evidence ZJMY is currently associated with JBZY.
b. Change the symbol.
JBZY search results will "forever" return unflattering photos of Wang in Malaysia along with SEC investigation of US insiders accused of running a con.
c. Pay WYSOS taxes.
d. Sell or Merge JBZY.
Either way, the preferred & common shareholders will cheer a dramatic rise in PPS.
e. Keep the 9.3M OS and retain $0 debt.
Share vs debt ratio makes JBZY highly unique on the OTC.
I don't remember ever seeing his name before.
The below doc links Lin Tianting & Jinbo back in 2018.
Harbin Intermediate People's Court
Consumption restriction order
(2018) Black 01 Zhihui No. 229
Shenzhen Jinbo Investment Holding Group Co., Ltd.
The court filed a case for execution of the applicant Harbin Dingxin Metal on August 29, 2018
Decoration Engineering Co., Ltd. applied for the execution of your unit’s loan contract dispute, because of your order
Failing to perform the payment obligations determined by the effective legal document within the period specified in the enforcement notice
In accordance with Article 255 of the Civil Procedure Law of the People’s Republic of China
And the Supreme People’s Court on Restricting the High Consumption and Related Consumption of the Person Subject to Execution
The provisions of Articles 1 and 3 of the Regulations shall take measures to restrict consumption of your organization.
To restrict your organization and your organization’s legal representative Lin Tianting from implementing the following high-level consumer goods
Expenses and consumption behaviors not necessary for life and work: (1) Take transportation
At the time, choose airplane, train soft sleeper, ship second-class or above; (2) in the star class
High consumption in the above hotels, hotels, nightclubs, golf courses and other places
Expenses; (3) Purchase of real estate or newly built, expanded, or high-end decorated houses
(4) Rent high-end office buildings, hotels, apartments, etc.
Public; (5) Purchase of vehicles that are not necessary for business; (6) Tourism, travel
False; (7) Children attend high-fee private schools; (8) Pay high premiums for purchases
Buy insurance and wealth management products; (9) Take all seats on the G-headed EMU train, and others
EMU trains with first-class and above seats and other consumption lines that are not necessary for life and work
for. For example, your unit (legal representative, main person in charge, direct
Responsible person, actual controller) for private consumption to carry out the aforementioned acts with personal property
Yes, you can apply to this court. If your unit has the aforementioned prohibition due to business needs
Page 2
If the consumption activities are stopped, an application should be submitted to this court, and it can be carried out only after approval.
If the consumption restriction order is violated, if it is verified to be true, this court will follow the "Chinese
According to Article 111 of the Civil Procedure Law of the People’s Republic of China, fines and detentions shall be imposed.
Stay; if the circumstances are serious and constitute a crime, criminal responsibility shall be investigated in accordance with the law.
This order
August 3, 2020
Those who believe JBZY is only worth $930.
I will happily buy all your shares @ .0001.
The economic situation in China makes the possibility of Selling or Merging JBZY all more likely.
From a marketing point of view, a stock that blasts-off from .0001 to $$ is the perfect Headline attracting new money.
My guess: Chinese New Year 2022 Tuesday, February 1, JBZY will be current & under a new name.
WSJ: Clancy Corp.
Clancy Corp. operates as a blank check company. The company was founded on March 22, 2016 and is headquartered in Chaoyang, China.
-------------------------------------------------------------
Definition: Blank Check Company. A blank check company is a company in the developmental stage that has no specific business plan or purpose or it has indicated that it wants to engage in a merger or an acquisition with an entity or a group of companies. They are also known as “Special Purpose Acquisition Company” or SPAC.
My guess: Jinbo is going to use CCYC as a SPAC to generate investment capital in the US.
How this affects JBZY depends on the preferred shareholder; Wang Dequn, Lin Tianting, Jinbo.
Wang & Lin; have yet to make a public statement in 2021. Why?
Jinbo; 9/19/21 celebrated a proposed merger with CCYC.
If Jinbo is the JBZY preferred shareholder management would be smart to leverage JBZY with its tiny OS and high volatility.
I agree with SirBika, someone paid $115K to buy JBZY.
9.3M shares @ .0001 = $930.
If they want to sell JBZY for $930, I'll buy it today & flip it tomorrow.
If Wang bought JBZY with Jinbo money there's a good chance Jinbo inherited the preferred shares.
The coincidences are piling up.
ZJMY has been offline for over 2-months.
Wang's court settlement was 9/20
CCYC and Jinbo threw a party celebrating a merger on 9/19.
CCYC hired a new American CPA this week.
Hope isn't dead yet.
If JBZY was purchased with Jinbo capital then Wang may have lost control of the preferred shares.
Why the owner of the preferred shares doesn't speak is a mystery that remains unsolved.
Go JBZY
Wang has been a ghost since returning to China.
Lin is the most silent president on the OTC, 0 public statements.
Still very much in doubt, who is the preferred shareholder?
Clancy Group is celebrating, but their stock hasn’t moved since 6/22/21.
CCYC is a polished empty shell with no red flags, the perfect face going forward for Jinbo.
What about JBZY?
Best hope: Merger, Sell, name change.
Lubberboy is correct, the only entity that was supposedly part of JBZY holding company was ZJMY.
We all hoped the 9-plates of Jinbo would be moved into the holding company but it never happened.
Wang, Lin, and Han aren't talking, investors have no idea what's going on, another typical day for JBZY.
The Clancy Grp financials show a $350,000 business and financial management company.
I would be shocked (but not surprised) if Jinbo’s “net worth” is less than $100M.
It appears this is a merger of convenience; Clancy Grp gets a higher PPS making the majority investor happy and Jinbo gets CCYC for generating investment capital in the US.
Where this leaves JBZY is anyone’s guess (you can’t make this up) the saga continues.
The vice-chairman for Jinbo is listed as an attendee.
Neither Wang, Lin, or Han are mentioned.
Han & ZJMY have been offline for the past month.
This announcement came the day prior to the China court settlement involving Wang.
It would appear Clancy Group wanted the court settlement out of the way before proceeding with the proposed merger.
Clancy Group is current and with audited financial statements.
Let's pray JBZY is owned by Jinbo as part of the court settlement with Wang.
The announcement was posted 24hrs of the court settlement date, probably not a coincidence.
If the announcement is legit, Jinbo can rebrand itself as a clean, current, audited, shell company, trading under CCYC on the OTC.
Where this leaves JBZY is an interesting question.
The next CCYC quarterly report should provide some glues.
"Audited" is the best recommendation Jinbo could ask for.
Jinbo gets a clean slate with no past history of Wang, PFA, or DOLV.
If JBZY is still a subsidiary of Jinbo, CCYC can either sell or use the empty shell company as desired. My guess the info came from a PR firm (given the legal grammar) and later posted on Wechat.
Financial Reporting
Reporting Status
U.S. Reporting: SEC Reporting
Audited Financials
Audited
Latest Report
04/30/2021
CIK
0001681769
Fiscal Year End
7/31
Jinbo Group news, no idea how this affects JBZY.
It appears Jinbo Group might merge with Clancy Group and list on the OTC.
Good news: Clancy Group is current with an all-time high $120 PPS.
Bad news: The current $9.21 PPS has little volume with a 153,105,464 OS.
https://www.otcmarkets.com/stock/CCYC/profile
No mention of Wang or Lin.
On September 19, Clancy Corp, a listed company in the United States, and Shenzhen Jinbo Investment Holding Group Co., Ltd. (hereinafter referred to as "Jinbo Group") signed a strategic cooperation agreement on merger and listing to jointly enter the capital market.
It is reported that after signing the merger and listing strategy between the two sides, the two sides will focus on upgrading in many fields in the future, and base themselves on industrial development and market expansion by establishing a longterm cooperation mechanism combining short-term and long-term goals. By further tapping and releasing the market growth potential of both sides, sharing the interests of both sides and cooperating growth points, we will work together to climb a new business peak.
The form of cooperation between the two sides is mainly to take Cancy Corp's listed company as the carrier. By integrating some of Jinbo Group's business into Cancy Corp's business system, it operates through the capital market, so as to achieve in-depth settlement between the two sides in business, capital and benefit transformation. Combination, promote the development of enterprises on both sides.
As a global project management service operator, Cancy Corp is deeply engaged in the Chinese market and is mainly engaged in mining high-growth projects with development prospects. Adopt merger listing and other strategies to control other companies through agreement custody, asset reorganization, financial merger and other means of multiple companies, so as to achieve the goal of joint listing. In addition, Cancy Corp has also devoted itself to developing a comprehensive project management application system, which combines world-renowned enterprise management experience and rich talent management plans to effectively help project holders engage in project management efficiently and quickly, and improve project revenue.
Jinbo Group is a knowledge-intensive and resource-intensive enterprise based on real industry manufacturing and driven by information technology innovation. Its business covers large cultural industry, big health industry, big tourism industry, modern agricultural industry, artificial intelligence industry, electronic communication industry, new energy vehicle industry, and big data spanning. Taiwan Mobile e-commerce, equity investment, etc. are integrated into the whole industrial chain holding group. At present, Jinbo Group has branches and offices in Beijing, Shanghai, Shenzhen and many urban areas across the country. Jinbo Group is striving to build a century-old enterprise with the concept of "industry serving the country and revitalizing enterprises with hard work".
Meng Xiangying, general consultant of Clancy Corp in China, Liu Xingyue, director of operations in China, Gao Shiling, director of China, Li Changzuo, executive director of the China Overseas Friendship Association, Feng Hongliang, vice chairman of the board of directors, and Lina, vice president of the China Overseas Friendship Association, were solemnly invited to this signing cooperation. Famous singer Zhang Xing, famous singer Yang Chengang, famous performing artist Wang Wufu and elite representatives of the two signing companies participated.
JBZY is on hold until the preferred shareholder submits OTC paperwork and pays WYSOS taxes.
You can't make this stuff up.
Let's hope the economic situation in China motivates the preferred shareholder to Merge or Sell JBZY.
The SEC did JBZY a favor by exposing the unsavory elements connected to DOLV.
A new owner can feel secure JBZY financials have been thoroughly vetted.
A name change is probable given JBZY and ZJMY are rumored to have gone separate ways.
I hope the preferred shareholder takes this window of opportunity to sell or merge JBZY.
One of the defendants will most likely flip and become a witness for the prosecution.
The others will plea bargain for a reduced sentence. "Greed is Good" didn't work this time.
As for the future of JBZY: Unfortunately, the preferred shareholder isn't available for comment.
You're correct, JBZY could easily be used to raise investment capital.
Evergrande owes money to more than 170 Chinese banks and 121 other financial firms.
Evergrande, which holds 6.5% of China’s total property sector debt, warned investors that if it can’t raise capital quickly, it may default on its obligations.
Evergrande was supposed to repay interest on some loans Monday.
Officials in China have told the major banks they won’t be paid.
I have no news.
Just have to wait and see what happens next.
JBZY will remain on WYSOS books until 2023.
I don't believe the OTC STOP sign will go away this week.
Prepare yourself for the inevitable, it's going to get dark.
Investors are on Wang/Lin time and they don't seem to be in a hurry to make TAX-FREE $ the PRC can't touch.
It makes no sense, but that's reality.
The JBZY lottery ticket is good until 2023.
Wang/Lin; Use It or Lose It.
Maybe Lin is an MJ fan and is waiting for the 23rd.