Tuesday, September 19, 2017 11:42:48 AM
Public shells are typically paid for with cash, equity or a combination of the two. That could be a reason why it didn't cost anything to generate those $156 k in revenues. DOLV didn't have to produce anything, they already had the public shell. If there was a cash payment as part of the reverse merger deal, we don't know when it was made. Hopefully some clarity is added to the financials in subsequent quarterly and annual reports.
IMO, the $156 K in revenues might not have anything to do with the sale of EVs, but that is just my thoughts.
The consolidate financial statements have not come out yet for whatever reason. When the financial statement comes out, that is when we will see the EV sales of Zhong Ji Ming Yang (ZJMY), and any revenue from other subsidiaries IMO.
I've said this before.
When FINRA lists the new ticker for DOLV and we get the new name posted: JB&ZJMY Holding Company, Inc., then all corporate actions related to the merger will be complete and the 8K and PRs can come out. At that time is when I expect the consolidated financial statement showing what ZJMY has to offer.
I for one will wait around longer to see. Apparently many others (even though they don't believe) are waiting around to see too.
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