![](https://investorshub.advfn.com/uicon/615001.png?cb=1506771876)
Saturday, July 29, 2017 2:02:39 AM
My understanding is that a Press Release is an Information and Disclosure Statement.
They will probably post another Information and Disclosure Statement once name and ticker officially changes, but IMO the clock started already.
That's why I believe the Quarter 2 filings should show the consolidated financials of DOLV AND ZJMY. We should see assets raise at least 10 million in Quarter 2.
ZJMY has $7.5 million USD registered capital.
Wuhu Huabua EV Company (ZJMY owns 70% stake of Wuhu) has registered capital of over $3 million USD.
ZJMY is currently trading under DOLV ticker. OTC clock has started for ZJMY IMO.
http://otclawyers.com/tag/pink-sheets/
Super 8-K Type Disclosures Must Be Provided to Investors After a Reverse Merger
Once the reverse merger is complete, the Issuer provides disclosures regarding the private company’s assets and operations using a “Super 8-K” if an SEC reporting company, or an Information and Disclosure Statement if an OTC Markets Pink Sheet using the Alternative Reporting Standard.
The Private Company Now “Trades” on the Public Market
After this disclosure process, the private company’s management is in control of the public vehicle (which may be a former shell) and its stock is now quoted and trades under the same ticker or trading symbol. At this point, it often makes sense for the new management to change the name of the company, and its symbol, in order to emphasize the new business operations to investors.
At this point, I don't think the company is delaying ticker and name change for a second. It is in Finra's hands IMO.
Note:
I have posted about how JB&ZJMY can do a firm commitment underwriting aka bought deal to avoid the 1 year "seasoning" period on the OTC and list to NASDAQ in just a few short months. Another term associated with the process is Alternative Public Offering or APO
I am not sure if the company is using the bought deal (APO) vehicle to quickly list to NASDAQ. Otherwise, we will have to "season" for a year on the OTC and be current in filings.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133035767
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM