The BCWG thing has been covered ad nauseum on scum
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Posted On: 02/25/2018 3:44:27 PM
The BCWG thing has been covered ad nauseum on scum hub months ago.
I'm going to leave your current post up because I'm going to address it but if you keep posting stuff about it I'm going to start deleting them because they are off topic.
Some Background:
1) BCWG is not a "Wang run" company. He has enough common shares in it to have voting control it but it is primarily run by an associate of his. I'm sure SOMETHING will be done with it in the future but it has absolutely 0 to do with JBZY at present.
Why it's now not important:
If you look at the board list, you will see a Wei Lu. That same Wei Lu was also found on a company that was filed originally on the Nevada SOS, JBZJMY Technology Group Holding. It was suggested that Wang may have at some point decided to use that company for his reverse merger if the FINRA never approved the DOLV shell or if they delayed it much longer than they did. Since they finally approved the JBZY ticker, any potential plans of pivoting to the BCWG seem to be moot now.
Also,
BCWG has had a stop sign for months. If Wang wanted to do anything with it in the immediate he wouldn't let it go dark. It will have a C.E. pretty soon.
Lastly, there are 3 other points I will make that explain why this isn't a thing.
1) Wang already has many other Chinese companies that perform the same or a similar function to BCWG... For example Huaan, which are actually still active. If he needs a e-commerce/internet/mobile payment company merged into JBZY he can easily pull one of those in.
2) It said in past filings that Wang created the Nevada company but has since abandoned it, so the only one that currently matters is the one that moved from Nevada to Wyoming, our current holding co.
3) There is 0 evidence Wang intends to do anything particular with BCWG at present. People think that because he and Richard are involved with it that that automatically means it's related. Wang is involved with a lot of companies that will never have anything to do with this ticker and so is Richard with other completely unrelated deals. Believe me when I tell you there's a lot of eyes on what Wang is actually DOING in China.
That being said, why would he waste a significant portion of shares pulling in an inactive company like BCWG when he can use them to merge in companies that are actually going to make him money?
I'm going to leave your current post up because I'm going to address it but if you keep posting stuff about it I'm going to start deleting them because they are off topic.
Some Background:
1) BCWG is not a "Wang run" company. He has enough common shares in it to have voting control it but it is primarily run by an associate of his. I'm sure SOMETHING will be done with it in the future but it has absolutely 0 to do with JBZY at present.
Why it's now not important:
If you look at the board list, you will see a Wei Lu. That same Wei Lu was also found on a company that was filed originally on the Nevada SOS, JBZJMY Technology Group Holding. It was suggested that Wang may have at some point decided to use that company for his reverse merger if the FINRA never approved the DOLV shell or if they delayed it much longer than they did. Since they finally approved the JBZY ticker, any potential plans of pivoting to the BCWG seem to be moot now.
Also,
BCWG has had a stop sign for months. If Wang wanted to do anything with it in the immediate he wouldn't let it go dark. It will have a C.E. pretty soon.
Lastly, there are 3 other points I will make that explain why this isn't a thing.
1) Wang already has many other Chinese companies that perform the same or a similar function to BCWG... For example Huaan, which are actually still active. If he needs a e-commerce/internet/mobile payment company merged into JBZY he can easily pull one of those in.
2) It said in past filings that Wang created the Nevada company but has since abandoned it, so the only one that currently matters is the one that moved from Nevada to Wyoming, our current holding co.
3) There is 0 evidence Wang intends to do anything particular with BCWG at present. People think that because he and Richard are involved with it that that automatically means it's related. Wang is involved with a lot of companies that will never have anything to do with this ticker and so is Richard with other completely unrelated deals. Believe me when I tell you there's a lot of eyes on what Wang is actually DOING in China.
That being said, why would he waste a significant portion of shares pulling in an inactive company like BCWG when he can use them to merge in companies that are actually going to make him money?
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