JB and ZJMY Holding Co (JBZY)

[Checkfan]

NAMECHANGE DD

Are there any reasons when an OTC Voluntary Symbol Change will not be granted? Or are there any time restrictions when requesting an OTC Voluntary Symbol Change request?
Yes, FINRA will not process a voluntary symbol request if the issuer has either an announced corporate action or a symbol change within the past 60 days.

An announced corporate action (namechange, symbol change) was done at the PR at April, 7th:

"Subject to FINRA approval the Company will reflect the new business combination by changing its name to JB&ZJMY Holding Company, Inc. and seeking a new symbol."
http://www.otcmarkets.com/stock/DOLV/news/Dolat-Ventures-acquired-by-China-Based-Battery-Manufacturer?id=155356&b=y

So April, 7th + the 60 days
would be +- June, the 7th.

The first name change application was done at April 24th: well ahead on schedule, and published (at Wyoning side) at May, 08.
https://wyobiz.wy.gov/business/GetImages.aspx?sid=118221005106075048021241160110165075154249093243&stid=143081052037131049174101151060105191121240225143

You can see they applied for the wrong name that didn't matched the name assigned with the CUSIP number.



AND the checkmarks were also left blank




So they had to apply again, but then with the RIGHT name and some other (likely) requested info.

They submitted the second namechange form at july the 7th, and was processed/published (at Wyoming side) at July the 14th.
https://wyobiz.wy.gov/business/GetImages.aspx?sid=037122080083212140011246072192035166055152210173&stid=143081052037131049174101151060105191121240225143

You can see all checkmarks are filed and they now submitted the correct name.


IMHO everything is ready or the expected namechange at monday/tuesday, or if then business days, then friday.
If later, then It's because the company decided to turn the switch at a later date.

IT COULD BE as early as monday the 24th of July because of the 10-day FINRA rule.

More info about the 10-days:

Some GREAT examples about the whole process
http://documents.jdsupra.com/34d4cd0b-0cca-498d-aaab-732fe62f89ae.pdf


"lease be advised, name changes for existing member firms are subject to a 10-day hold. "
http://www.finra.org/industry/reserving-firm-name

"Notify FINRA of the corporate action at least 10 days prior to the desired effective date;"
https://blog.vcexperts.com/2017/06/05/completing-a-name-change-without-shareholder-approval/



Some examples how fast name changes are processed:
http://www.marketwired.com/press-release/punchline-entertainment-applies-change-name-punchline-resources-ltd-introduces-new-ceo-otcqb-punl-1694087.htm

http://www.prnewswire.com/news-releases/drew-industries-announces-upcoming-name-and-ticker-symbol-change-300381519.html

http://www.marketwired.com/press-release/ihookup-social-announces-formal-name-change-friendable-symbol-change-reflect-new-brand-otc-pink-hkup-2053352.htm



ALL ABOVE IMHO. THIS IS NO INVESTMENT ADVICE