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I have a few questions about all of this.
1. DOLV announced the RM back in April. They stated on this PR release they would release financials in two weeks. We're not almost 3 months later and they just now revealed they changed CPA firms...
2. The automobile pictures are identical to the ones on the Corwin website. Photoshopping logos on top is a simple task. Can someone tell me why they are using Corwin Auto's pictures?
3. Their website is pretty amateurish looking. For a company that's supposed to have a positive image, I can see shoppers turning away after viewing the site once.
4. Of all of the pictures, how come none of them show the battery under the hood? For a company that focuses on EV, there should be images of what's under the hood as that's basically what's separating them from other vehicle makers.
5. Why pick a US-based stock ticker? How is DOLV a clean shell with all of the previous history it has (there's even an ongoing lawsuit...)? At what point did they decide to want to be listed on Nasdaq instead of a Chinese Exchange?
6. Why haven't they changed the ticker yet? If the whole purpose was to reverse merge and become a publicly traded company, how come they are neglecting share-holders on PR releases?
Everything about this seems sketchy to me and I want to believe, but unless someone can actually answer these questions I'm going to believe there's a lot of potential that this is a scam.
Where did Richard say that? From one of the emails he says he hopes to announce something soon, not that he has something.
I think the change is good because now it confirms that's what caused the delays from the two week estimate back in April. Now it seems like they're going to be releasing financials soon.
How do you know they hired those people????
Where are people saying they went with a new company for the Audit?
Waiting for it to show up on FINRA before the stock jumps back up...
http://otce.finra.org/DLSymbolNameChanges
I agree. There's a lot of people flipping the stock and they're riding the wave before the announcement in case the announcement doesn't live up to the hype. That said, I'm sticking with my few 100,000 shares. As with all stocks, it's a risk but there's so much evidence this one is real that I'm willing to take the chance. Others pressuring you to sell are trying to short/jump into the stock themselves to make a buck, don't listen to them and trade based on your findings/discoveries!
Tesla would also likely be utilizing Jinbo's battery replacement stations. This means the EV market will be adopted quicker in China and Jinbo will be able to service more customers. Win/win I think.
To be honest, it adds authenticity. Makes it more believable for some reason to me.
That's a double negative! Jokes aside, I'm sure we all understand what she actually meant. ;)
That article was posted June 17th, but it's quoting the PR from when the merger was announced, which was back in April.
I guess. It seems strange they would say two weeks and then not even state anything publicly after exceeding the two week promise.
I reread this article...and here it states.
"DOLV intends to file consolidated financial statements reflecting the acquisition during the next two weeks. We thank our shareholders for their interest in the Company and patience while we bring our filings current."
This is really outside the two week period...do we know why they haven't released this yet?
What happens Thursday? The conference is on Saturday.
Very well thought out post. Just think you're being a bit too optimistic with your stock price prediction.
I felt the same way but we are getting updates from RO and also there was recently another company undergoing a reverse merger that had their stock ticker changed last week, and they announced that back in Feb! I'm holding out, although I do think short term the stock is going to tumble down a bit.
Then how can RO state that Finra is not waiting on any documents when they're waiting for financials to be released???
I keep seeing that financials must be released before the ticker change, and then I read that ticker change will come before financials. Which one is it??? I'm still learning OTC markets and how they operate.
It's nice you're "predicting" it's going up for once...Must have bought a fair amount of shares. :^)
The question is, "Why is this stock taking so long to have the ticker change?" No one seems to be able to answer this. Some say 60 days within last PR announcement, some say 90 days. The stock is plummitting because of lack of PR and will likely keep going down until something becomes official. The longer it takes for ticker change, the more it reinforces that the stock can potentially be a scam. That said, I'm holding for long-term but wished I jumped in today instead of at $0.09/share.
I read the email as "hopes to have information soon." This does not conclude that information is coming. Of course, he could be taking a conservative approach so he's not held liable if things go south...
You say there's lack of proof, but then you don't provide any for your side of the story. More than 3-4 brokers have confirmed a ticket change is in the works. Just hold out...
Every stock has dips. Smart investors buy the dips. This stock has huge potential for the future and should be treated as a long-holding stock. It's not going go up 1000%+ in a day. Wait for official news and HOLD/buy until then. Numerous brokers already confirmed ticker change. It's inevitable.
E-Trade has DOLV listed on NASDAQ? Taken from https://www.reddit.com/r/pennystocks/comments/6emypx/dolv_falling/.
http://i.imgur.com/eSggTl7.jpg
DOLV market cap = 130M
BTGI market cap = 4.247M
Why are you comparing these by share price?
That's why uplisting to Nasdaq and ticker change will grab more attention.
Is there any correlation with the warranty price of $0.10/share for employees and the active trading price now? It seems strange that employees would have access to the $0.10/share when the stock has potential to go to the $Dollars. I think they have until July to lock in the 10 cent price though?