The name change simply proves that China is serious about investing in the US markets. It gives confidence that the Company is taking steps to use the DOLV shell as a trading platform for their EV battery technology and other related EV components.
If the name change didn't happen, it would have meant they weren't serious enough or that it was a scam. It was clearly not a scam even before the name change, the court procedures to get shares back from the old owners of DOLV proves that.
You'll have to read the sticky notes for more information.
There has been a substantial amount of DD about the Chinese company involved here.
Some chose to discount the potential value due to a lack of certainty that talking about this Chinese company was the same as talking about DOLV (the entity traded in the US).
Today's news is a further indication that the r/m is in fact real and that all that DD about the Chinese co posted here does in fact pertain to "DOLV" (at least for another day until the symbol changes on Wednesday!).
Some bought in based on the promise of the symbol change per the DD, others waited until today's news. some will wait until they see the official announcement on the FINRA Daily List (presumably tomorrow) and some will wait until there is a track record of trading under the new symbol.
The short answer is that DOLV has been substantially de-risked in the eyes of many players through today's news.
With the name and symbol change forthcoming in the immediate future, it also makes sense that we will now start to see news flow that would have been buried if issued under DOLV/Dolat Ventures.
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