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You think they will just leave this stock to die after doing all this work for ticker change? Doubtful.
You realize that DOLV was the one that hit 15 cents, not JBZY? It crashed after the actual ticker change.
It did go up nearly 500% with ticker change. But that didn't last very long.
I literally can't explain any of it. Unless they aren't considering the assets transferred over in November since that falls under the Q4 category. Which in that case it'll be in the Q4 earnings.
I'm down too much on my investment that I've been holding since May (avg price is about 0.065/share. I'm just going to leave it alone and check on it at a future date.
The good news is there is no debt and the company will begin selling vehicles next year with their patented tech.
They still have the patents for the EVs. They'll get to the spot we want them to, but it's going to be much longer before we see anything. Just my 2c.
At this point, there's no way you can claim this is a scam. It's a start-up.
I'm definitely not selling. I think this company has a solid future. But I think stock will dip a bit more until these sales start coming along. Billions in revenue occur until probs a few years out.
Welp, I didn't expect much in Q3, but I expected consolidated financials by now. Oh well, guess I'm bagholding lol.
This is possible. The defendants may not be as willing to fight for the shares if they are still in the pennies. If the PPS shot up from news, they'd be more inclined to fight for their shares and possibly dragging the court case out for longer.
Still, I am not sure what to make of the delay/lack of communication. I doubt they would become a publicly traded company and do nothing with it. Something is coming; we just don't know when.
Because no one here knows the true value of the company, yet.
But, going based off Chinese .gov sources, they are predicting an annual revenue of $2.2B in USD at some stage in the EV game. We'll see though when they release consolidated financials.
I am curious why you think this is a scam. The company is still performing the tasks to complete the merger (as seen by the Wyoming SOS documents, along with FINRA ticker change). Company's O/S hasn't changed since both of those took place. If this is a scam, surely they would have diluted tons of shares at the recent highs?
One can hope it's because of the complexity of the Q3 earnings that is delaying it, but they've been consistently late the last two quarterly earnings as well. Either way, if they decide to uplist, they're going to have to improve on their reporting and shareholder communication.
Sorry, but as a fellow long, I fully expect them to be able to meet the minimum deadlines of the OTC. Especially if they are trying to get on Nasdaq.
Company hasn't made money off the recent highs lol.
Seriously though, who here stated Wang DeQun is a billionaire? He could be a multi-millionaire still running Jinbo.
I'd love for them to post a PR stating the following.
* We have the best Battery Technology available for EVs now.
* We are working closely with China Government to install battery swapping stations all over the nation.
* We have a few business partners including Long Star, Kawei, etc.
* We are in the process of commercializing many vehicles under our brand name and currently have X factories fully functional to meet the EV demands going forward.
* JBZY's ticker will contain (list of companies/assets here).
If the company posted this, I believe PPS would skyrocket to new levels. That and financials would be nice.
I'd expect scammers to get away with it if it were just Social Media pumping, but they put out numerous PRs. Shame that you're correct here.
How come AZFL is not being suspended? They obviously lied to their investors about the hemp harvest. Shouldn't there be repercussions for this?
It sounds like the company will need a lot of funding for installing all of the battery swapping stations all over China. That may be why this is the only portion of Jinbo that is becoming publicly traded.
This is just my guess.
So instead of them just dumping their 750M shares, or diluting further at the most recent highs, they still proceed to continue court case and continue filing Wyoming SOS documents? I don't think Wang is done yet. Even if it's a scam, all they need to do is release one PR and this thing skyrockets.
Is there a Chinese site that shows the list of manufacturers that get the EV subsidy from China? Or is that was the Ministry Listing is for?
I do agree the lack of results in Google brings us to remain skeptical. Not to mention the silence from the company can be soul-shattering. But, I will say the company does have the patents for this battery tech. You would think that there'd be more articles about ZJMY, even in the USA. But nearly nothing aside from chart analysis.
Still, until the company posts consolidated financials, we really have no idea what's in store for us so we must speculate. Even if this is a scam, I assume there will be at least another run before this goes back to worthless.
Reassuring bulletpoints;
* Company is quiet. Scams pump the stock all day and night.
* Lawsuit, bringing the company into the spotlight in court is not smart for a scam.
* Patents are valued in Q2 earnings as a few million.
* .gov China sources state ZJMY have factories in the making or already producing vehicles.
* No dilution has taken place.
Not-so-reassuing bulletpoints;
* Photoshopped logos on vehicles.
* Silence fro the company (we literally have no idea what's going on).
* Late filings with no explanation.
* Lack of accessible information outside of iHub.
Just my 2 cents. I'm invested quite heavily in the stock and will continue to hold, but if there's another jump in price I may get out with a smaller profit than I'd originally imagined.
Let's just with-hold judgement until we see some sort of PR or filings from the company that represent its true value. The new owner didn't invest all of this time and money to do nothing with the stock.
Old company Dolat Ventures issued unauthorized shares, giving some people a lot of shares for free (54M shares worth).
New company is trying to get those shares back to (likely) retire them.
I know this is how it'll go. I'll try to sell my shares to jump back in at a lower price, but the moment I do...they'll release PR/news. LOL
But in all honesty, I've just given up trying to predict when filings/news will occur. Anything that's optional they won't do (such as disclosing the asset transfer), and they are traditionally late to filing quarterlies. For me there is sufficient information available to prove this company exists. I am disregarding the amount of fake images and *potentially fake* website. I'm going based off what the company's released, .gov sources and investor letter.
EDIT: I also find charts to be completely irrelevant in penny stocks. Nearly every chart prediction in the last few days has been 100% incorrect. Price will go down until PR/Filings come.
Thanks for sharing. Good read.
I asked RO if the company was withholding PRs until ticker change and he replied "it appears so." Not that he said it was.
Sorry, I know ZJMY's investments are included. I meant the Robots, Space Program, Military, Water Production, etc. items that were Jinbo only weren't included.
Wyoming SOS shows only ZJMY assets were brought in. None of Jinbos other businesses appear to be part of the Holding Company...yet.
I'm under the impression that he is their go-to person for updating OTC information. Whether it be filings, or profile updates. He can and will only release what he's allowed to. He is still listed as a Director on their profile.
This is definitely a unicorn stock. No other stock has been this way lol.
I'm in agreement, and as a result, I don't take other people's DD into consideration unless it has a reputable source. The ZJMY factories on the .gov sites is what's keeping me here.
Scam or not, there will be a PR to inflate PPS eventually. Wang owns too many shares either way.
I personally think revs may be lower than we're expecting, but I do think assets will look good. We will see though.
The China government sites don't just make up stuff on the fly! ;)
Subject to Corporate Actions
Indicates whether the security is subject to a corporate action without a distribution (CA) or a corporate action with a distribution (CD) of a certain %, as described below. A CA in this field indicates the CUSIP or name is changing on the security and no dividend/distribution is being simultaneously announced.
A CD in this field indicates that the security is currently subject to a corporate action. The previous subject to corporate action flag prior to the change Bankruptcy Dividends/Distributions/Splits Symbol/Name Changes and/or is a cash and/or stock dividend with a distribution of greater than or equal to 25% of the value of the security. Please note that this flag will be removed from the security 19 business days after the effective date of the dividend, distribution or split.
Users should reference the Eff/Ex-Date field for the actual Eff/Ex-Date if applicable.
Did you get a response from her? I haven't seen any posts about replies yet.
I was actually incredibly impressed with how well it held last week when we were expecting Q3 results. It stayed well above 7 the entire time.
Thanks for that. Still better than paying 40% on capital gains for anything less than a year. That is why I'm still holding the shares I bought in May.
128 Employees, interesting. I have read a lot where the company was established in 2015 and looking to become public in late 2016/early 2017.
Is long-term 6 months or a year? I heard Trump was going to change it to 6 months but never found out which one is currently the long-term threshold.
I think tax is reduced to 10% for long-term gains, correct?
3rd quarter results will come and hopefully we get consolidated financials too...It's just they typically take a few extra weeks to post.
JBZY Historical Postings for Earnings Releases;
Q1 - June 30th (Due Date May 15th)
Q2 - September 12th (Due Date August 14th)
Q3 - N/A (Due Date November 15th)
I think it's because there's been action behind the scenes showing that this stock is the real deal. Most stocks just kind of fall of the face of the planet whereas JBZY still has things going on.
ie: Wyoming SOS, transfer of assets, FINRA name/ticker change, .gov links to JBZY factories in China, etc.