When you bundle in the industry of electric vehicles database over in China missing all signs of ZJMY EV parts (and Long Star's), it also leads to more questions. As I've stated several times, I am invested in this and have been since last April but there are a few red flags I run into occasionally. Such as;
Cons
* The enormous delay on consolidated financials. They said they were expecting it in two weeks over a year ago now, and we are still waiting.
* Richard and his Co.'s history with chinese reverse mergers (almost all of those tickers are now 0 bid and defunct.)
* Constant yield/stop signs. A Nasdaq-prone company would not have this issue.
* Lack of evidence pairing JBZY ticker with the actual Jinbo and/or ZJMY.
* Their web site for a billionaire-backed company is a joke.
* Company's IR is completely non-existent (no emails, shareholder meetings, etc.)
* Their "new site" has photo-shopped images of competitor vehicles on it.
* I have not heard any more big news since last November, pre-split. Before we were getting news of plants being built, government contracts, etc.
* The company opted to do a reverse stock split with no explanation shared to shareholders.
Pros
* The company hasn't diluted for profits (something scams tend to do.)
* The company isn't pumping the PPS so that they can dilute $millions worth.
* The company has Chinese.gov sites that display potential car sales figures.
To me, the cons are adding up and the pros are losing their worth. PPS seems to reflect that.
I'm seriously hoping they release financials soon so we can actually see what we own as a shareholder. We are now 6 months since the last word from the company.
