JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

Name and Ticker Change DD, Finra forms revisited:

See my Finra post with the 2nd Form (Issuer Company Related Action Notification) I screen shot. The second form is Required if a company wants to change its name and ticker.

FACT is JB&ZJMY filled out this form with the corporate actions or no name and ticker change will happen.

My Finra Form post and 60 day comments.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133200601


Some think the name and ticker change may be July 24 given the 10 day notice a company has to give Finra for corporate actions. I believe that is a bit optimistic.

When will name and ticker change occur?
My first guess (see my reasoning by seeing another company's merger/name change process near bottom of this post) is 7/31/2017.
My second guess would be 8/8/17(8).

I've been wondering if the company first sent the Issuer Company Related Action Notification form 10 days prior to April 6 PR, since a reverse merger is a corporate action, and/or they sent it 10 days prior to the May 8 WY SOS name change (if the May 8 file date is the effective date for the name change). Following this logic, the Finra form may have been corrected to include "Holding" in the company name and submitted to Finra on July 4, 2017, 10 days prior to July 14 name change (if that is the effective date).

https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117


The April PR seems to indicate the form had already been completed before April 6. IMO, Finra requested additional information in the form of a more detailed audit (security times article reference) and in the form of a corporate action name change on 7/14/17 to make the correction "Holding" to JB&ZJMY Company.

http://www.otcmarkets.com/stock/DOLV/news/Dolat-Ventures-acquired-by-China-Based-Battery-Manufacturer?id=155356&b=y

"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."

https://www.finra.org/industry/faq-upc-corporate-actions-faq

What documents are required for a Company to change its name?
The company needs to complete the Issuer Company-Related Action Notification Form and submit to FINRA no later than 10 calendar days prior to the record date of the corporate action. Submissions can be set via email or fax to [phone]. Failure by an OTC Equity issuer to provide the requisite notice may constitute fraud under Section 10 of the Securities Exchange Act of 1934.

4. 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.

http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9473&print=1

Submitting Notice of Company-Related Actions

An issuer or other duly authorized representative that is obligated to notify FINRA of a Company-Related Action must:

1. Complete, sign and submit the Company-Related Action Notification Form to FINRA Operations at least ten (10) days prior to the record date or effective date (as applicable) involved for the Company-Related Action. The form is available on FINRA's website at www.finra.org/upc/forms.

https://www.finra.org/industry/faq-upc-corporate-actions-faq

Also note all the Corporate Actions on the Finra required form (I had to register with Finra to be able to see this Eform):





Corporate Actions
1. Stock Split
2. Merger/Acquisition
3. Name Change
4. OTC Voluntary Symbol Change Request
5. Spin Off
6. Domicile Change
7. Rights Offering
8. Liquidation
9. Dividend/Distribution
10. Redemption
11. Bankruptcy
12. Other




******************************************************************


Let's look at another company merger acquisition as an example of how long a ticker takes with corporate actions during the process (forward split and AS increase).


Ocean Thermal Energy Corporation Commences Trading Under Symbol "CPWR"

Merger Announcement March 10, 2017.
Forward split and AS increase(corporate change) May 8, 2017.
Ticker Change May 25, 2017.
Second Ticker Change June 21, 2017.

It took about 2.5 months for their ticker to change after merger announcement, and almost 3 and a half months for the change to their final ticker. No 60 day Finra clock reset after the corporate action (forward split). No 60 day wait in between the two ticker changes!!!

Ocean Thermal Energy company showed a forward split (corporate action) and AS increase on May 8, 2017 and still had a ticker change on May 25, 2017.

JB&ZJMY had name change (corporate action) and AS increase to 2 billion shares on July 14, 2017. Ticker change 17 days later like this company???

JULY 31, 2017????

All IMO.