JB and ZJMY Holding Co (JBZY)

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Thank you for the valiant effort, MO. Here are a couple of interesting points:

The CEO of JinBo said that they will be ringing in on Wall Street in the near future. Then the chairman of ZJMY said they have become a quasi-listed enterprise but will soon be going to Wall Street (I interpret that to mean they see the OTC as merely a door to a real listing and have their sights on the big boards). He also says they have senior U.S. brokerages helping them go public (again, I assume when it’s time to move to a major exchange).

Another speaker, Professor Fan, who had helped companies go public had this to say:

America's capital markets are the grandfathers of the world's capital markets. One hundred percent of our capital markets are studied in the U.S. capital markets. The capital markets are priced by underwriters, investment Banks and financial advisers.

That sounds like a big board company to me, not a penny stock company that plans to use dilution to fund its operations. Think about it… if the company starts diluting, the share price will go sub penny again. How many sub penny shares would have to be sold in order to fund an EV company? It would be impossible to raise enough money that way.

Professor Fan uses Geely Automobile as an example of a Chinese company that did a $1.5 billion merger and went public successfully. He lists the following benefits of going public (valuation and liquidity):

1. Magnify the value of enterprise assets. Only public companies can become great companies, and going public is to magnify the value of assets. A billion dollar assets, it's likely to become a billion, maybe even a billion
2. Improve the liquidity of enterprise assets. If you don't have a listing, you can save one piece per share, so if you go public, you can get 50 pieces, 100 pieces, $1,000, $10,000 per share. Companies that are not listed are illiquid and can sell things, but not necessarily high. A listed company is actually a cash cow, shaking the money and falling down. So what do you do with all that money? To get so much money is to buy an asset, which is to buy it. The first thing many listed companies do when they go public is to make acquisitions.

Finally, Wang JinLai had this to say:

We need to build a huge ecosystem around a core, so that it can be a world-class company. We develop mobile intelligent terminal to win the customer's warm welcome. We also made the 100 episodes of MAO zedong's documentary which enhanced the visibility of our enterprises. We also made the film "red youth" with the pearl river film studio, which was strongly supported by the government. We've also done the ghost valley, which will be officially open this year. We also have webcast. Each of our investments, every project, or not involved, will seize the commanding heights of the industry as long as we step in.

The new energy car is the future development direction, we are ready to invest heavily, we will introduce the latest high technology, I must do big and strong. The first thing I want to do is to make sure that we do well in the real estate industry. Second, we have to have finance. If there is no finance, it will not continue, because the continuous development of enterprises needs cash flow. We must develop finance vigorously. We also have good business logic and business planning. I believe that as long as we continue to improve ourselves, constantly summarize and improve, we will be able to become a world class great company, thank you!