Replies to post #121887 on JB and ZJMY Holding Co (JBZY)

[PURA VIDA]

SOMETHING TO "CHEW ON" FINRA DELAY......

It is my "opinion" that FINRA will indeed approve and post the name/symbol change after they are satisfied that there are no longer "any" shareholders from the old Sierra Leone Diamond Mining days.

Also, when reading through this section of the article listed about DOLAT SOARING in share price without anyone really knowing what was going on, it does make sense that FINRA would be taking a closer look. I had not read into this before what I feel the article means now. Translation/Context from Chinese to English sometimes will make one take a different track, but now after reading this several times slowly, it all makes sense to me.

FINRA has asked for more documentation from JB & ZJMY including the shareholders listing and "insiders" so that they can be sure they approve a name/symbol change for a NEW - CLEAN - Company.

Read the following very slowly and absorb the context of what the author is saying. He actually interviewed Zhong Ji Ming Yang to put this together:

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 market, DOLV shares starting from 0.01 US dollars / share in early May hit a maximum of 0.129 US dollars, or near 12 times; thereafter so far, stock prices are volatile.

According to a reporter survey, DOLV originally planned to change its name to "JB & ZJMY" (Jin Bo & Zhong Ji Ming Yang, real Zhong Ji Ming Yang 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 notification of the relevant departments. "

Talk about why will choose to buy powder shell company, Zhong Ji Ming Yang said the company's current scale of operation and corporate governance structure can not meet the conditions listed in the United States IPO; 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 the Securities Times reporter, OTC market group The three base layers are OTCQX, OTCQB and OTC Pink, respectively.

The definition shows that OTC Markets's function is to provide quotation services for those companies that choose not to trade on the American Stock Exchange or Nasdaq, delisting or not satisfying listed companies. 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.

So in essence, it may have been a REAL EYE OPENER for FINRA to see the stock SPIKE SO HIGH IN PRICE and this movement in itself is why FINRA decided to look deeper into what was going on. It may just be that WE THE EARLY INVESTORS who drove this price up so rapidly with little to no information out to the public - actually caused FINRA to become quite nosey into what was going on - especially after all of the issues from the Sierra Leone Diamond Mining scam from 2 owners prior.

Just something to THINK ABOUT !!

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