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Saturday, July 15, 2017 2:53:42 AM
See April PR where it states this.
However April PR states the class D are convertible to 100,000,000 common. WY SOS (page 3 I believe), posted by xZ shows that they are convertible to 2500 common shares each just like Wang's for a total of 250,000,000 shares.
The Class E has the same conversion rate, 2500 common shares for each preferred. The class E may be for Wuhu or Long Star? Imo, ZJMY may have paid cash for Wuhu though (remember 1.8 million in investments listed in last quarterly report for patents and copyrights). Wuhu was acquired in the 1st Quarter (Jan 2017) as my post a word on Wuhu shows.
Long Star may just be a partner. We will see soon.
http://syndicate.pinksheets.com/stock/DOLV/news/Dolat-Ventures-acquired-by-China-Based-Battery-Manufacturer?id=155356&b=y
No dilution unless converted.
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