The company would receive written notice from FINRA if there was a Deficiency Determination on the corporate action. The company (Issuer) then has 7 days to appeal the FINRA deficiency determination. If the company does not appeal within 7 calendar days, then the determination is constituted as final action by FINRA.
If the company does appeal a FINRA deficiency determination within the 7 calendar days, a FINRA 3-person subcommittee will convene once a month to review the prior month's appeals. FINRA will make a decision within 3 business days following the day the appeal is considered(reviewed) by the subcommittee. The subcommittee's decision constitutes final action by FINRA.
I think the company would have to release that information to the shareholders in a PR, or other form of communication. FINRA notifies the company, it's the company's responsibility to inform the shareholders.
I do NOT believe their has been any such deficiency determination by FINRA. The company refiled the corporate actions according to RO's emails posted on this board, but I think that was due to a certain time-limit that had lapsed.
It is evident that FINRA is still working with the company based on the posts referencing RO's emails that say that the company has been and is still in the communication/comment process with FINRA. According to some recent posts, the company is just responding to FINRA's final comments and that they are minor at this point.
The current symbol DOLV which we are ALREADY Reverse Merged into has been trading since the R/M. The fact of the matter, we are going through an exhaustive scrutinization due to the fact that DOLV during the years 2010 through 2013 had owners who allowed an intense mining scam to run its course. That has led us to the consequence that this "shell" has been playing out to.
FINRA is taking it's time making sure "MAKING SURE" that this new company JB & ZJMY Holding CO., Inc. has absolutely NOTHING to do with that past company exeperience and that NONE of those involved with the Sierra Leone Diamond Mining Scam have ANYTHING AT ALL to do with this NEW company.
I believe that the total amount of research that MANY MANY of us have done over the past 6 MONTHS proves that this new company from CHINA which has JinBo Investment Holding Group backing it/parent company shows that the new company is indeed LEGITIMATE and that they want to bring JB & ZJMY Hoding Co., Inc. to the US markets first to the OTC (US rules), and then move on to the NASDAQ board.