JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

IMO the OTC clock has started with the April 6 Press Release. DOLV/JBZJMY has released an Information and Disclosure Statement in the form of the April 7 Press Release stating the ZJMY acquisition (No Super 8k required since they are an OTC Alternative Reporting company).

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.

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