I concur. I have guessed the 31st, and 8/8/17 as well. My educated guess for the 31st was based on a RM company that had a ticker change on May 25, 2017 after having a forward split (corporate action) on May 8 (17 days earlier). We had the name change and AS increase to 2 billion shares (name change is a corporate action according to Finra rules) on July 14th. 17 days later is the 31st.
HOWEVER, I know and understand that they are in fact guesses and every company and case is different.
I will not be disappointed if it doesn't happen by those guessed dates. Only thing that matters is that it does happen.
One thought:
Why does the company need to wait for the ticker and name change to happen before they release a PR?
The argument that they don't want to post a PR under "DOLV" is a moot point now IMO. Everyone in the US that has read the April PR, knows that ZJMY is a subsidiary of DOLV now.
The Chinese article mentioning "DOLV" has been linked and reposted on Chinese sites hundreds if not thousands of times. Anyone that can read in China knows ZJMY is under the DOLV ticker at this point.
If the company released a PR now further detailing the DOLV-ZJMY reverse merger, people doing any DD at all or reading widely published Chinese articles will not be confused about the "DOLV" part. PRs are first for the company share holders and investors IMO, and for the general public second.
I believe this my be the original posting of the China Security Times article for anyone that missed it.
To the United States to buy shell shares soared 10 times in the boat Ming foreign "point stone into gold" suspense to be solved 2017-07-11 06:34 Source: Securities Times Network Securities Times reporter Li Shouren
To the delisting company, "cents shares" mainly in the US OTC market - powder market (OTC Pink) recent undercurrent.
A code for the "DOLV" powder single shell company announced the merger with the Chinese company Zhong Ji Ming foreign mergers and acquisitions, suddenly in the last two months, the highest price jumped more than 10 times, by domestic and foreign investors concerned.
This makes the outside world can not help but wonder, claiming to engage in new energy electric vehicle production research and development of Zhong Ji Ming Yang is what kind of company? What is the level of its electric car R & D? The acquisition of powder single market shell company is for what kind of consideration?
In this regard, the Securities Times reporter conducted a survey to find and DOLV disclosure of information there is a little out of access, Zhong Ji Ming Yang is currently only mass production of low-speed electric vehicles, high-speed SUV electric car is still in the research and development phase; In the Zhong Ji Ming Yang official website, DOLV annual report and other channels announced high-speed SUV electric car-related parameters have not been certified by the national authority of the certification body.
At the same time, the reporter found that in Shenzhen Jinbo Investment Holding Group (referred to as the Jinbo Group) shares in the Ji Ming Ming Yang a month later, Zhong Ji Ming Yang will open the pace of single-market operation, and later also included in the new energy sector Jinbo Group; , Jin Bo Group claimed that the nine plate layout and business model has made the outside feel foggy.
"Powder stocks" why soaring?
Looking back at the above merger transaction, according to DOLV (Dolat Ventures, Inc) in April this year, announced in the 2016 annual report, Zhong Ji Ming foreign lawmaker Wang Dequn in the acquisition of DOLV company 30 million shares preferred stock (preferred shares per share convertible into 2500 Shares of ordinary shares, that is, a total of 750 million shares), in December 2016 was DOLV's controlling stake. And, in the month, DOLV acquired the company (JB & ZJMY).
Securities Times reporter learned through the days of eye information, Zhong Ji Ming Yang called Zhong Ji Ming Yang New Energy Technology Co., Ltd., the company in March 2015 incorporated in Beijing. To November 17, 2016, the company shareholders to change, Jinbo Group and Wang Dequn shares, corporate representatives from Han Zhiming changed to Wang Dequn.
At present, Zhongji Ming foreign shareholders were Han Zhiming, Jin Bo Group, Wang Dequn, holdings were 48%, 31% and 20%; further inquiries, we can see, Jin Bo Group for Wang Dequn holding, its holding ratio of 95% , The two together control the Zhongji Ming foreign 51% of the shares; that is, Wang Dequn for the real control of Zhongji Ming Yang.
According to the reporter observed, DOLV acquisition of Zhong Ji Ming foreign news released in April 2017 published in the annual report, in the powder single market, DOLV shares starting from 0.01 US dollars / share, in early May the highest hit 0.129 US dollars, or near 12 times; thereafter so far, stock prices are volatile.
DOLV annual report did not disclose Wang Debong this share costs; data show that nearly a year DOLV price fluctuations in the actual range of 0.0001 ~ 0.129 US dollars / share; if only 0.01 US dollars / share estimates, and preferred shares converted into ordinary shares , The total cost of the proceeds of about 7.5 million US dollars; theoretically about a month to calculate the floating surplus was as high as 90 million US dollars.
So, Zhongji Ming Yang what is unique, so that this acquisition in the powder single market widely sought after?
DOLV annual report revealed that Zhong Ji Ming Yang currently developed a named Zhongji Ming Yang V3 SUV electric vehicles, to charge once reached 600 km of life.
In addition, Zhongji Ming Yang official website and related high-level external claims that the electric car shape and body with Chery Kay wing V3 (SUV) to build, comprehensive conditions mileage of 500 km, constant speed (60km / h) mileage of 600 Km, and at the end of last year will be declared "the Ministry of Industry and new energy car directory life of the longest electric car."
What is the truth? What is the reliability of the relevant parameters? Reporters on this in-depth investigation.
SUV vehicle has not been certified by the Ministry of Industry and Information
Securities Times reporter through the inquiry Ministry of Industry this year 1 to 7 months of the "new energy vehicles to promote the use of recommended models directory" and the past directory to understand, Zhong Ji Ming Yang V3 is not among them.
"Ministry of Industry and Information Department will organize the relevant agencies and experts to review and reply, through the new energy vehicles to the directory.For the relevant parameters of the car, check the strict, on the directory of the car parameters credible is higher, but not on the directory Of the car, it is difficult to verify and determine its published parameters. "New energy vehicles in the field of researchers to the Securities Times reporter pointed out that the Ministry of Industry every two months in the official website announced a number of catalogs.
Reporters have sent a letter to Zhong Ji Ming Yang, want to understand the "Zhong Ji Ming Yang V3 is on the Ministry of Industry and New Energy car directory, the current progress of how", "published models parameters are authorized by the technical department certification" and so on. In this regard, Zhong Ji Ming foreign side replied, "V3 (SUV) in the research and development stage; is actively with the national authority to verify the organization before the certification."
According to a reporter survey, DOLV originally planned to change its name to "JB & ZJMY" (Jin Bo & Zhong Ji Ming Yang, real for the company) to reflect the current new business portfolio. However, perhaps the stock price changes, or related information disclosure and other reasons caused by regulatory concerns, renamed the matter temporarily encountered obstacles.
Zhong Ji Ming Yang confirmed to reporters, for renaming matters, "the US powder single market regulator FINRA (US Financial Industry Authority) on the company's application for a more rigorous and detailed audit, resulting in increased workload, time, now Is waiting for the formal notice of the relevant departments. "
Talk about why will choose to buy powder single shell company, Zhong Ji Ming Yang said the company's current scale of operation and corporate governance structure can not meet the IPO conditions in the United States; as the future also plans to expand overseas markets, the company first landing powder Market (one of the US OTC markets).
"The OTC market (OTC market) consists of an innovation floor (OTCBB) and OTC Markets Group (OTC Markets Group) three basic layers." Wuhan University of Science and Technology Professor Dong Dengxin told Securities Times, OTC market group The three base layers are OTCQX, OTCQB and OTC Pink.
The definition shows that OTC Markets's function is to provide quotes for those companies that choose not to trade on the American Stock Exchange or Nasdaq, delisting, or do not meet the listing requirements. Among the three layers, OTCQX is the higher-level OTC market, where companies need to disclose the latest information and meet the minimum financial standards. Companies traded on OTCQB need to report to the US Securities and Exchange Commission (SEC) and disclose the latest information.
DOLV's OTC Pink is divided into lower levels due to the lesser and less timely disclosure of listed companies. The listed companies do not have a minimum financial standard, mostly penny stocks, shell companies and troubled problem-based companies, and incomplete information, therefore, the official announcement of the official website in the relevant statement investors strongly Before investing in decision-making, act carefully and thoroughly study the company.
However, the information disclosed by Zhongji Ming Yang official website may be confused with the concept of listing and listing the OTC market. One of the web pages shows the title "Jin Bo · Zhong Ji Ming Yang US listed Inner Mongolia, the first station road show" The
Low speed car sales are unknown
Reporters received the relevant documents also show that Jin Bo Group in January this year to 1 US dollars per share to the internal sale of Zhong Ji Ming foreign shares; the price and Zhong Ji Ming Yang in the powder single market listing price is far from.
In this regard, Zhong Ji Ming foreign side is denied, said: "The company did not sell the original shares, but the internal staff of the incentive mechanism of a discussion program, if passed, will be the way to encourage the incentive to carry out. Ming Yang is still in the program of legal compliance to discuss and adjust.
According to the DOLV Annual Report, the Company's total equity was US $ 4.21 million, with total assets of US $ 921,000, of which US $ 764,600 was current, Profitability is not disclosed.
According to Zhong Ji Ming Yang to give a letter to the introduction of the company in addition to high-speed electric car SUV in the research and development stage, and another low-speed electric car sales have started.
Public information in recent years, China's low-speed electric vehicles quietly rising, the main origin in Shandong, Henan, Hebei, the speed of 40 ~ 60km / h, priced at more than 10,000 to 40,000 yuan; buyers concentrated in the township, Mainly in the elderly, there is no driver's license mostly. As China has not the same as the EU and the United States low-speed car production standards, the relevant policies have yet to be improved. At present, Redding, Li Chi, Yu Jie, the top 10 companies in the market share of more than 60%, the industry is entering the shuffle period, backward production capacity gradually out of the market.
Zhong Ji Ming foreign side is not disclosed in the letter of its low-speed electric car overall sales situation.
It is noteworthy that Jinbo Group in June 24th in Nanning, Guangxi held a "new generation of electric car press conference and wealth forum." According to the Securities Times reporter learned that in the forum, in addition to holding the above-mentioned Zhongji Ming foreign low-speed electric car presented the relevant units of the ceremony, no further information on the development of high-speed electric vehicles related to Zhongji Ming V3 (SUV) release.
Instead, most of the time for the conference, for the Jinbo Group L lecturer L to the participants to promote the name of Amway's electric business members (joined) investment platform. According to the lecturer L introduction, to become Amway Huicheng members have two ways:
(1 million yuan), municipal agents (200 million) and provincial agents (3 million yuan); joined the regional agents can be obtained from the regional agents, All kinds of related income under the jurisdiction of the share.
The second is to join the new business alliance (new e-commerce platform) platform, divided into a shop, two shops, three shops, respectively, need to pay 10,000 yuan, 50,000 yuan, 100,000 yuan margin; Among them, one, two, three store deposit will be refunded within 10 months, and related gifts, 10 months later, will be given additional subsidies, and regardless of whether the merchant sell products, will give subsidies, are "stable Do not lose ", but the number of specific subsidies will need to communicate after the exchange.
Another Jin Bo Group related lecturer Y and investors in private exchange introduced the subsidy program: to a shop, for example, the deposit deposit of 10,000 yuan, the company returned to the customer every month 1,100 yuan, will continue to return 14 months (Margin + subsidies for a total of 15,400 yuan); two shops, shops deposit 50,000 yuan, the company returned to customers every month 5500 yuan, a continuous return of about 19 months (margin + subsidies total of 104,500 yuan) ; Three stores to invest 100,000 yuan deposit, the company returned to customers every month 11,000 yuan, 29 consecutive months to return (margin + subsidies total of 319,000 yuan) so far.
How does high subsidy last?
"Jinbo Group to build one million users of the mobile Internet platform, it is the stage of the subsidy, the user cast more earn more, so the opportunity is now the user has reached hundreds of thousands of scale, after the subsidy efforts may decline "Instructor Y to the investor, said that if the members of the investment to reach a certain size, such as 200,000 yuan, and then introduce others to join, you can also get additional commission.
If the simple estimate, according to 500,000 member users as the base (Jinbo Group official website in May press release has disclosed its users to 500,000), to invest only 10,000 yuan per person, for example, the total investment of member users can be as high as 5 billion yuan, if the calculation of maturity after the deposit + subsidy of the total value is even more staggering.
The face of repeated doubled high subsidies, can not help but make a curiosity on the Jinbo Group. Is the pattern of high subsidy above true? What is the strength of Jinbo Group itself? Where does the cash flow come from? What is the role of Zhongji Ming Yang in Jinbo Group?
According to a press survey, Jinbo Group called "Shenzhen Jin Bo Investment Holding Group Co., Ltd.", was established in September 2014, Wang Dequn holds 95% of the shares of the company. The main business scope of enterprises, including information technology products, communications tools, technology development, technical advice.
Set up less than three years of Jinbo Group, described in the online business model, said, "Jinbo Group, has built a commercial ecosystem, which, 'Jin Bosi Mier New Business Alliance' as a business center, through Huaan pay to connect other business, so that businesses through Amoy Huo O2O business platform sales of products, at the same time, shake the tree to pay the terminal to help businesses safe and easy to use the network payment.
Relevant publicity materials also show that, which is the development of mobile financial terminal products R & D, production, sales, service and financial platform clearing, financial business consulting as one of the high-tech mobile Internet financial platform services products.
Talking about the scale, Jinbo Group official website released in May this year, a news, currently has dozens of subsidiaries, more than 200 agents nationwide, more than 40 operations centers, more than 50 million end users.
(Hereinafter referred to as "Si Maier Global Technology"), Shenzhen Huaan Payment Technology Co., Ltd. (hereinafter referred to as "Huaan payment"), Shenzhen Huamai Technology Co., Ltd. (hereinafter referred to as "Huaan payment"), Shenzhen An Amoy Technology Co., Ltd., Shenzhen Shake Tree Technology Development Co., Ltd. and other companies, these companies were established in May 2014 to February 2015, legal representatives are Wang Dequn.
How to play nine plates?
Further inquiries learned that Wang Dequn currently more than 60 companies legal representative, of which more than 40 companies located in Guangdong, more than 10 companies registered in Beijing.
According to the reporter to understand, Wang Dequn (commonly known as "Wang Jinlai"), Jin Bo Group Chairman, the company promotional materials show that "its military origin, participated in the more combat, senior investment and financing experts, with rich experience in capital operation, Professional research mobile payment more than ten years ".
Jinbo Group executives, lecturers have announced the Group's future three goals: first, to build one million users of the mobile Internet platform; second, to achieve the market value of 100 billion mobile Internet listed companies; third, to To build the scale of the multinational payment group.
From the Jinbo Group official website declared nine layout, mainly related to "new electric business platform (referred to as the new business alliance), mobile payment, new mobile intelligent terminal, big financial, large data, big agriculture, big health, large Culture, new energy "and so on, almost all of the most popular areas of the industry, including" Zhong Ji Ming Yang "is designated in the" new energy "plate.
However, it is somewhat puzzled that the Jinbo Group is paying attention to the mobile payment business - "Huaan payment", for example, the reporter in the People's Bank of China (central bank) website found that the current license, including Alipay , Financial payment, quick money, etc., including more than 200 payment agencies list, but failed to find "Huaan pay" figure.
According to the survey, in the Jinbo Group nine plate layout, in addition to Zhong Ji Ming Yang is the capital operation, the Smyr Global Technology was in March 2016 listed before the sea equity trading center (commonly known as "new four board" ), But the outside world can not be further in the trading center to see the company related information. Relevant person in the trading center is back to reporters that this is due to the company is still in the "editor" state.
At this point, outside doubts have not yet dispelled. The establishment of less than three years of Jinbo Group, how can play nine plates? What are the business models of the plates? How is it profitable? Which plates serve as the group's cash flow? Support millions of target users subsidize the funds come from? These are difficult to verify from the public information, which, Securities Times reporter will continue to maintain concern.
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