I don't post much, but I read almost everything that's posted here. Thanks to the DD Monsters that bring so much value to the JBZY board! I read it all, then I go verify it on my own. I really like what I see for JBZY, long term. However...
Today, I'd be happy just to see JBZY hit $0.20 and sustain it. I'm not convinced that our tiny OTC segment is capable of pushing it to $0.20 and sustaining it. That's a crap ton of beer money!
For me, it's about baby steps. I don't see it jumping to a NASDAQ qualifying PPS right out of the blocks. Very likely JBZY isn't holding that much value. And even if it is, the market has to agree. The market we are in, the OTC, will sell JBZY visciously if it were to pop that high that fast, bringing it way below the NASDAQ requirement.
If I'm wrong, great! But my experience is that if things don't smell right, they usually aren't right. The value proposition is this, "I've got a stock to sell you for $0.05/share. All you have to do is wait a few months until the company reports their holdings, then the PPS will be $5.00." Prudent investors should be skeptical. Too much pie in an endless sky.
I think Wang intends to get to the NASDAQ the old fashioned way, by selling enough widgets to get his PPS high enough to make the jump. (And who knows how much government subsidy there might be for a green Chinese car company? TESLA practically stole $6 Billion from US taxpayers.) That will take time.
If he wants to get there faster, then he'll have to do a massive reverse split to get the share price high enough. Or...
The third way, is to cram enough value into the holding company that it exceeds $4/share, and the OTC has to agree to pay $4/share to sustain it. That way requires Wang to transfer some of his wealth to you and me, and penny stock traders to become buy and hold value investors. Neither of those two things are likely to happen. You don't become a billionaire by giving it away, and penny stock flippers don't become Warren Buffett in a few trading sessions.
I recall that no one on the OTC was a buyer at $0.15. To the contrary, that price brought about enough selling pressure to bring the PPS down to $0.06 again. Old Milwaukee must have been having an awesome sale! $4.00 buyers are clearly non-existent.
News can certainly change things. But ask yourselves how big the news would have to be that you're a buyer of JBZY at $4.00 and not a seller.
I've personally got a nice pile, little over 500k. I do intend to see this thing through. My expected timeline for "riches" is, at a minimum, 3-5 years. I think Wang is going to do this right, build a strong business that attracts the attention of institutional investors the world over. If it happens faster, great! But my expectations are in line with what my gut is telling me is reality.
All my opinion, of course.
