JB and ZJMY Holding Co (JBZY)

[naturalborninvestor]

The argument that assets be transferred into the company in Q4 can be rebutted in several ways:

1) The published Q3 balance sheet is contrasted against the company's balance sheet at Dec 31th 2016 (right column). It is the exact same balance sheet that has been published in the 2016 Annual Report as belonging to the then acquired "JB & ZJMY Co. ltd". Hence, "JB & ZJMY Co. ltd" is also undoubtedly depicted as of 30th September (left column) in the latest financial statements.

2) "JB & ZJMY Co. ltd" is the acquired asset ("The Company acquired JB & ZJMY Co., Ltd. (“JB”), a Chinese battery manufacturer in December 2016."). Because it is reflected in the financials, you are, indeed, looking at consolidated financial statements. After all, Dolat Ventures at last was just an empty shell.

3) Company Description and Sebsequent Events

"In addition to the above, he is the controlling shareholder, President and sole director of the Company, JB&ZJMY Holding Company (formerly Dolat Ventures, Inc.), which now serves as the holding company
for Mr. DeQun’s development stage company that focuses on the business of electrical cars and their support systems. To date, the Company has produced prototypes, holds Chinese Patents, and anticipates commercialization next year."

Subsequent Events Note 9 (September 30th to Nov. 28th): NONE beyond the ticker change.

To an unbiased reader, it should be obvious that a development stage battery manufacturer that has produced nothing but prototypes, owns no fixed asset base for large scale production and that has not seen any material events after September 30th, shouldn't all of a sudden be responsible for:
- five production plants for electric cars
- a 37% non-controlling ownership in another manufacturer
- purchase orders for 100's of thousands of taxis and buses
- (I leave out the even more ridiculous assertions of robots, satellite systems and mobile phones)