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A Pump and Dump? You kidding me? PRs are only $100 a pop, and social media is free. How come these owners aren't pumping the stock if this was the case?
I know this is somewhat off topic, but Mayayoshi Son from Japan bought Sprint, who was the worst-rated carrier in 2013. They have made strides to improve but failed to accomplish their goal of hitting best network carrier in 18-24 months. He's attempted selling Sprint at a loss numerous times.
That said, some billionaires don't always do things the most efficient way. And some lack the knowledge of the US stock market and what's required, especially billionaires from different countries. I would say while there are some rough spots in the whole process, I do believe this is a legitimate company that is continuously trying to get their name out there, and having the US stock ticker may make sense if they plan on expanding to the US in the future.
I'm just trying to understand the logic here. They are a scam, but want to get the ticker changed after 6 months? They went through providing the necessary financials 10K and 10Qs from 2013 for no reason, I guess, as well as staying current with newer financial filings. They've been able to provide everything FINRA has requested. I am not sure what FINRA is requesting from the company, but as of last Friday, Richard stated they have again met all of FINRA's demands.
They are also actively trying to retire the unauthorized 54Million shares in court and those financial reports aren't free. I just think there's too much evidence that this is a real company. FINRA/SEC would have halted trading ages ago if this was fraud.
I would say the shareholder letter has been a good indication that the company is continuing its efforts to getting the FINRA approval. I think the fact that they are still attempting to go for approval shows that this company is real. Richard is now actively answering questions regarding FINRA's requests for more documentation. Richard will not lie to the company's investors.
Richard has confirmed FINRA is working with JB & ZJMY. If people don't believe that, then email Richard yourself at Rovarec@mac.com. He is not lying to investors.
Thanks for the update. That sounds like good news! And it being from last Friday, must mean we're very close for ticker change.
If they have ~5 other manufacturer's on board, it's good progress. Think of it as the fight that HD DVD vs Bluray had. Once the standard is set, the company owns the licensing rights and makes $$$.
With ZJMY's battery tech, it's a no brainer that other EV auto-makers are on board. With the battery leasing technology as well, it should take off with the support of at least 5 other major players!
Who said this was going to 0.0001? Guess they were wrong!!! Nice bids.
Waiting PacerMonitor updates and Ticker Change...waiting patiently....!!!
This was a response by Richard 4 days ago? That's an impressive response. It seems he's learned something within the last month or so between my reply and your friends!
Where did you hear that? Is this something Richard stated?
I'd love that as I'm a long, but wouldn't Q2 earnings show a bit more than just the initial investments made for just the EV portion?
You think it'll lose a 3rd of it's value in 2 hours?
I just wonder how much of JinBo will actually be thrown into this Holding Company. Since the PRs and quarterly reports only state EVs, I'd assume that we're only getting the EVs portion. But it would be very good if it included all of Jinbo's holdings as well.
BVTK stop sign still there.
The company become non-SEC reporting in early 2014. Those are not needed.
This line is straight from the PR.
There's low volume compared to before and it's not on top 10 ihub list. Like I said, things won't get interesting until company puts out more PR. People remain skeptical of tweets/FB posts which hold no accountability.
How much are people expecting these 200 acres of Hemp? The entire industry is estimated to be worth $3 Billion by 2020. There's no way AZFL's alone is worth $650M.
I guess it's gonna take official PR or filing before this thing flies again. Hopefully it doesn't drop too much in the meantime. I'd like it to hit the 7s again.
Hype has really died down...not even on the top 10 list of iHub. I guess the Pump and Dump is over.
I'm not gonna lie, this is my main gripe with the new management. In a sense, the Shareholder letter semi-explains it, but they don't specifically state they are waiting on ticker change, although it is basically implied.
I think a scam would have given up by now.
Dilution when their AS/OS are basically maxed out...lol
Can you explain how that is possible?
Over 500M in volume today already.
The good news for these longs is the company is still trying to pump the stock so the stock will probably have another jump before the whole thing's over. That'll be their chance to get out.
How much do you think these crops are worth? There's conflicting information regarding who owns the land and there's no security for these fields. Some users on here are quoting $625M worth but why wouldn't they secure this land if it's worth that much?
You're over-analyzing. This is typical pump and dump scam. There's no need to constantly post on Twitter/Facebook and push out PRs like there's no tomorrow.
Any comments for today's performance? Or is this still consolidation?
Sounds like the panic is starting to set in. Wow, over 50% down today lol.
People are hilarious. Penny stocks are volatile. Sometimes they go up 40%, sometimes they drop 40%. You guys all panic and feed the MMs/shorts. Just let it ride and you'll be fine, unless you like buying high and selling low.
Strange, I thought consolidation occurred a few days ago during that 30% drop.
Stop Losses being triggered by MMs.
My guess is they wanted additional paper work from the long-star 12.5M share investment. The outstanding shares increased by 12.5M on the 31st, which was 6 calendar days after the FINRA deadline for request of documents. Richard Ovarec renewed the application CUSIP and now FINRA is asking for more documentation. It must be something to do with new changes which would be Long-Star's involvement with the share structure. Just my 2 cents.
Maybe I'm being overly skeptical, but if I had assets worth over a 3rd of a billion dollars, I'd secure it even if it really wasn't needed.
Can anyone tell me why there's ~$325,000,000 worth of Hemp in a non-secured 100 acre piece of land that the company is harvesting now? It seems strange to not secure it with a fence or anything...
I'm going based off of the drone video.
I think it depends on what documentation FINRA needs. Could take until the end of the month for the legal team to provide everything and then another two weeks for FINRA to review, need the specifics to be able to guesstimate. Maybe someone can prod some additional details from Richard? He's already answered a few of my emails and I don't want to pester him anymore lol.