100% correct. Mainly, because ZJMY itself is the
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Posted On: 05/25/2018 10:25:03 PM
100% correct. Mainly, because ZJMY itself is the only company represented in the filings we've gotten. Their main push is going to be 2 things:
1) cars. We can't do that until the PRC says we can. So there's no money there until that happens. We have facilities ready to produce them though as soon as that's possible. I think 2 out of 3 of the 5 originally planned factories are running. I'm not sure if they are at 100% capacity yet though. I'm fairly certain at least 1 of them is 100% functional.
2) Swap Stations and the Payment system that supports them. Swap stations are coming online as we speak. The payment system (Huuan Payment) is either being brought online or is already ready as well. THAT component of cash flow we should start to see in the next Q. What is important to note about that is that we have the patent for that system, and it was finally approved on May 8th.
That being said, while ZJMY is obviously still in it's infancy, Jinbo is not. I remember a time about a year ago or so when all we thought this was was ZJMY, and we were stoked about it then. I think everyone got a little too gorged on 9 plates.
My opinion, though, is that more companies will be added to the holding company in time. I think most people accept that as an eventuality, but many of them thought it either already happened and would be represented in the Annual OR they thought it would be revealed by the time Q1 was filed. Their expectations were not met, and the price action you saw today was the result of that. Not everyone can sit on something for 2 years waiting for things to happen organically. Everyone craves instant gratification, and that is just our culture. I personally did not buy this so I could buy a house and a pickup truck this year, I bought it so that in 29 years when I retire I'll have a nice nest egg.
What I find remarkable, though, is the fact that it seems like a lot of people put all their eggs in this basket... Which, that's basically rookie investing no. 2, behind trading on emotional knee jerk reaction which will almost always make you lose money. I have said this on this board before, you are either an investor in the company, or you are a trader. If you're an investor, then I feel your pain right along with you and it sucks having to watch a company grow from the ground up, it's like watching paint dry.
For the traders, I have no sympathy for you guys. Sorry. You guys probably loaded the boat today while there was blood in the streets so you can sell into the rebound which will just make it take that much longer. So to hell with anyone who is doing that.
Moving on..
1) cars. We can't do that until the PRC says we can. So there's no money there until that happens. We have facilities ready to produce them though as soon as that's possible. I think 2 out of 3 of the 5 originally planned factories are running. I'm not sure if they are at 100% capacity yet though. I'm fairly certain at least 1 of them is 100% functional.
2) Swap Stations and the Payment system that supports them. Swap stations are coming online as we speak. The payment system (Huuan Payment) is either being brought online or is already ready as well. THAT component of cash flow we should start to see in the next Q. What is important to note about that is that we have the patent for that system, and it was finally approved on May 8th.
That being said, while ZJMY is obviously still in it's infancy, Jinbo is not. I remember a time about a year ago or so when all we thought this was was ZJMY, and we were stoked about it then. I think everyone got a little too gorged on 9 plates.
My opinion, though, is that more companies will be added to the holding company in time. I think most people accept that as an eventuality, but many of them thought it either already happened and would be represented in the Annual OR they thought it would be revealed by the time Q1 was filed. Their expectations were not met, and the price action you saw today was the result of that. Not everyone can sit on something for 2 years waiting for things to happen organically. Everyone craves instant gratification, and that is just our culture. I personally did not buy this so I could buy a house and a pickup truck this year, I bought it so that in 29 years when I retire I'll have a nice nest egg.
What I find remarkable, though, is the fact that it seems like a lot of people put all their eggs in this basket... Which, that's basically rookie investing no. 2, behind trading on emotional knee jerk reaction which will almost always make you lose money. I have said this on this board before, you are either an investor in the company, or you are a trader. If you're an investor, then I feel your pain right along with you and it sucks having to watch a company grow from the ground up, it's like watching paint dry.
For the traders, I have no sympathy for you guys. Sorry. You guys probably loaded the boat today while there was blood in the streets so you can sell into the rebound which will just make it take that much longer. So to hell with anyone who is doing that.
Moving on..
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