Alright folks, time to clear the air and hopefully
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Posted On: 05/31/2018 9:43:34 AM
Alright folks, time to clear the air and hopefully make some things make sense for the rest of you.
Here we go. For starters, here's the obvious stuff to get out of the way:
1) Are the fins posted recently what we expected to see? Hell No.
2) Do they show any debt? No
3) Do they show additional paid in capital? Yes, 2.7m (approx)
4) Are they STILL better than the fins filed by about 90% of the OTC? Hell Yes.
5) Is the sell off that followed a reasonable reaction by the market? I don't think so. The $1-2 channel that we've been trading in was reached over time, it did not price in the anticipation that financials were going to rocket this thing to the moon or we would have floated considerably higher in recent weeks. If you ask me, this ticker is VERY oversold right now considering there was nothing negative in the financials, just, nothing amazing either.
Moving on:
FAQ:
Q: What is going on with Long Star? Why doesn't their revenue show up in the financials? Why isn't their partnership listed in the financials?
A: Ok, well that's actually 3 questions I guess, so I'll answer them all here, to the best of my ability.
A timeline in review:
9/11/17: ZJMY acquires 37.7% stake in Guangxi Long Star
4/07/18: Han Zhiming now assumes the equity in Long Star, although no percentage is shown. ZJMY's registry page shows them dropping the foreign investment.
Qa: What is going on with Long Star?
A: Long Star is producing EV's. Fact.
Qb: Why doesn't their revenue show up in the financials?
A: This is the $64,000 question. Let's assume that ZJMY did drop their equity stake in April. The collaborative efforts of the partnership should have yielded revs during the months of September to March, right? At least 2 out of the 5 production bases planned are producing, so you would think...
So what is the explanation?
To answer this, we have to go back to the Nov. 3 merger on WYSOS. JB & ZJMY Holding Co, Ltd (China) was merged into the JBZY ticker. The only logical explanation is 1 of 2 things:
1) ZJMY was not part of what was merged in Nov 3 and at this time is still not, meaning that the company merged in on Nov 3 was itself a shell, or,
2) ZJMY IS included and literally hasn't made any significant amount of money.
Logically, you would think that the former was true, because if ZJMY was included in the ticker during the periods covered in the Annual and Q1 would have shown partnered income with long star. They didn't. However,
The answer should be the latter. This scenario is supported by 2 pieces of evidence,
A) The financials stated that the company had not yet acquired licensure by the PRC, and as such had not yet begun selling cars, and
They indicated that 3 cars had been sold to date. They also made reference to a third-party manufacturer.
Emerging Growth Company: This is the missing piece of the puzzle in scenario 2. Under Emerging Growth standards, a company can omit financial information for a subsidiary/partner that has exited at the time the financial report is disclosed.
Here is what I think happened: ZJMY didn't get their certification as fast as they expected to. As a result the partnership with Long Star got stale, and rather than monopolize a significant percentage of the production capacity of those plants in an idle state, the two companies agreed to just part ways until such time as ZJMY has the necessary certs to produce. This evidence is supported by the fact that Han Zhiming himself now holds the equity previously held by ZJMY in Long Star, which would indicate a relationship is still there, but that at this time it solely benefits Han Zhiming and does not benefit the company. This is also another way to omit those revenues in future financials.
Now, it's pretty common knowledge now, I think, that a member of Camp Long has an open line of communication with him. He had indicated around the end of March that 2 months hence there would be swap stations online. We are now 2 months hence, and supposedly, that has come to pass.
So let's talk about swap stations for a minute.
May 8th, 2018, the patent for the swap stations was finally approved. It is extensive, and I have the full text of the patent, but I'm not going to post it here because it's stupid long. I can post it later if anyone cares.
Q: Ok, so if no cars are produced, who the hell is going to use the swap stations even if they are online?
A: This is a good question. ZJMY's battery patent was for 3.0 ternary, which was meant to primarily be used in high speed EV's, but long star produces many low speed models as well. I suspect, and this part of what I'm saying is purely speculation, that their swap stations will have multiple modes in order to service other models. Either way, ZJMY is anticipating having certified cars in the relatively near future, so going forward the swap stations will generate revenue regardless.
So what does it mean for the future? Well, if we're serving other models, and ZJMY is included at present in the ticker, we will see revenue produced. If they aren't serving other models, we won't see it until company can sell cars. Either way, a lot of money sitting there if they aren't operating.
If ZJMY is not included in the ticker yet, we will see the same thing we saw in Q4 2017 and Q1 2018.
Ok, so enough with ZJMY. What about the rest of Jinbo?
Now, I'll admit, I previously thought that Wang had already moved Jinbo assets into the ticker via the Nov 3 merger. That turns out to have not been the case, it would seem... Yet.
Q: What about the uplist? Wasn't that supposed to be imminent?
A: Lol, yeah, we figured it would be happening right around now, but Wang has unfortunately shattered all of our timelines. We haven't been wrong about the company's movements, but as for when the result of those movements will reflect in our share price, well, we've all been kinda left scratching our heads a bit.
Enter Chinese Strategic Holdings-
On April 18th, a press release came out in China announcing that Chinese Entertainment, a subsidiary of Chinese Strategic, would be acquiring 95% of the Shenzen Jinbo Investment Holding Group. Wang became CEO of Chinese Entertainment on January 9th, 2018. In effect this does 2 things:
1) Wang re-assumes control of SJIHG
2) SJIHG is now effectively back-door listed on HKEX. (I have said this before)
The agreement was for a 12 month strategic partnership. Here's the other thing that happened: Chinese Strategic also has 2 pending CUSIPs on BSX, the Bermuda Stock Exchange, so Chinese Strategic, it would appear, is about to become dual listed. I can post the CUSIP numbers if anyone cares, ask.
What does this mean for Jinbo? Chinese Strategic needed help getting their listings, and merging Jinbo in got them where they needed to be, but in effect, it will make it easier for Jinbo then to cross list on a senior exchange on US markets. Part A of that plan has taken effect. When Part B happens will be anyone's guess.
Here's what else it means: Wang can maneuver the entirety of Jinbo's assets by moving a single company around. Which means,
Jinbo can be brought into JBZY with a single WYSOS merger filing.
So THIS is seemingly what is going on behind the scenes. Yes, Wang is not acting like he has any particular concern for US shareholders, but I don't think that is the case. IN MY VIEW Wang planned on being able to uplist already, he didn't want to spend the money staying current on the sewer OTC exchanges, but since that timeline didn't work out for him either, he begrudgingly produced financials and paid all the fees to get us current again. Nobody gets rich by spending money needlessly. You'll note the stop sign and yield sign are both gone now.
For those of you who are complaining that Wang isn't communicating with the US, well, he is if you know where to look. We have had a material event that advances the company's agenda almost every single month since Wang bought the shell. Here's a timeline for those of you who can't seem to keep that in mind:
1/11/17: Name change on WYSOS
2/7/17: 2017 Annual Report filed on WYSOS
2/14/17: Annual Report Amended on WYSOS
3/21/17: Annual Report Amended on OTC
3/21/17: Attorney Letter filed on OTC
3/21/17: Multiple Q's filed on OTC
3/22/17: Second Attorney Letter filed on OTC
4/6/17: PR announcing Wang bought the shell
4/7/17: Annual Report filed on OTC
4/7/17: Attorney Letter filed on OTC, we are now current
5/8/17: Name change on WYSOS to JB & ZJMY Company, Ltd
6/27/17: 8-K filed with SEC
6/30/17: Q filed with OTC
7/4/17: Q Amended
7/4/17: Q Amended
7/6/17: Q filed with OTC
7/11/17: Q filed with OTC
7/14/17: Name Change on WYSOS to JB & ZJMY Holding Company, Ltd
8/9/17: 10-K and Multiple 10Q's filed with the SEC to cover the delinquent reporting period when DOLV was SEC reporting
9/12/17: Q2 filed on OTC
10/23/17: Ticker change announced
10/25/17: Ticker change effective
11/3/17: Merger filing on WYSOS, JB & ZJMY Company, Ltd (China) merged into the Holding company.
11/30/17: Q3 filed on OTC
1/9/18: Chinese Strategic Holdings Listed on HKEX
1/9/18: Wang becomes CEO of Chinese Entertainment, a sub of CSH
1/12/18: Wang voluntarily dismisses case against legacy shareholders
1/22/18: Jinbo announces internally they will uplist by August
1/23/18: Jinbo announces internally that Wang has become CEO of CE and has backdoor listed on HKEX
2/15/18: Articles of Incorporation amended on WYSOS
3/15/18: Reverse Split announced on FINRA Daily
4/11/18: Reverse Split effective
4/18/18: Chinese Strategic announces partnership with Jinbo
4/19/18: Jinbo announces internally that "IPO" plans are moving forward
5/8/18: ZJMY patent for swap stations finally approved after almost a year
5/24/18: Annual Report filed on OTC
5/24/18: Attorney Letter filed with OTC
5/25/18: Q1 filed with OTC
5/29/18: Q1 Amended twice, we are officially current again
So, with all that said, a material event EVERY. SINGLE. MONTH. Can you really tell me that all of that happened and yet this company is still a scam? All that money was spent just to suck money out of US shareholders? Do you REALLY think the recently filed Annual and Q is the end of the story here?
I didn't post the sources of any referenced material here, I usually do. If any of you doubt the legitimacy of anything I'm saying, feel free to request I post it, I have all of it, it's just a lot of work.
CAMP LONG IS ALIVE AND WELL, WE STILL BELIEVE, AND WE ARE BUYING AT A BARGAIN.
Holy crap I'm out of breath.
Here we go. For starters, here's the obvious stuff to get out of the way:
1) Are the fins posted recently what we expected to see? Hell No.
2) Do they show any debt? No
3) Do they show additional paid in capital? Yes, 2.7m (approx)
4) Are they STILL better than the fins filed by about 90% of the OTC? Hell Yes.
5) Is the sell off that followed a reasonable reaction by the market? I don't think so. The $1-2 channel that we've been trading in was reached over time, it did not price in the anticipation that financials were going to rocket this thing to the moon or we would have floated considerably higher in recent weeks. If you ask me, this ticker is VERY oversold right now considering there was nothing negative in the financials, just, nothing amazing either.
Moving on:
FAQ:
Q: What is going on with Long Star? Why doesn't their revenue show up in the financials? Why isn't their partnership listed in the financials?
A: Ok, well that's actually 3 questions I guess, so I'll answer them all here, to the best of my ability.
A timeline in review:
9/11/17: ZJMY acquires 37.7% stake in Guangxi Long Star
4/07/18: Han Zhiming now assumes the equity in Long Star, although no percentage is shown. ZJMY's registry page shows them dropping the foreign investment.
Qa: What is going on with Long Star?
A: Long Star is producing EV's. Fact.
Qb: Why doesn't their revenue show up in the financials?
A: This is the $64,000 question. Let's assume that ZJMY did drop their equity stake in April. The collaborative efforts of the partnership should have yielded revs during the months of September to March, right? At least 2 out of the 5 production bases planned are producing, so you would think...
So what is the explanation?
To answer this, we have to go back to the Nov. 3 merger on WYSOS. JB & ZJMY Holding Co, Ltd (China) was merged into the JBZY ticker. The only logical explanation is 1 of 2 things:
1) ZJMY was not part of what was merged in Nov 3 and at this time is still not, meaning that the company merged in on Nov 3 was itself a shell, or,
2) ZJMY IS included and literally hasn't made any significant amount of money.
Logically, you would think that the former was true, because if ZJMY was included in the ticker during the periods covered in the Annual and Q1 would have shown partnered income with long star. They didn't. However,
The answer should be the latter. This scenario is supported by 2 pieces of evidence,
A) The financials stated that the company had not yet acquired licensure by the PRC, and as such had not yet begun selling cars, and
They indicated that 3 cars had been sold to date. They also made reference to a third-party manufacturer. Emerging Growth Company: This is the missing piece of the puzzle in scenario 2. Under Emerging Growth standards, a company can omit financial information for a subsidiary/partner that has exited at the time the financial report is disclosed.
Here is what I think happened: ZJMY didn't get their certification as fast as they expected to. As a result the partnership with Long Star got stale, and rather than monopolize a significant percentage of the production capacity of those plants in an idle state, the two companies agreed to just part ways until such time as ZJMY has the necessary certs to produce. This evidence is supported by the fact that Han Zhiming himself now holds the equity previously held by ZJMY in Long Star, which would indicate a relationship is still there, but that at this time it solely benefits Han Zhiming and does not benefit the company. This is also another way to omit those revenues in future financials.
Now, it's pretty common knowledge now, I think, that a member of Camp Long has an open line of communication with him. He had indicated around the end of March that 2 months hence there would be swap stations online. We are now 2 months hence, and supposedly, that has come to pass.
So let's talk about swap stations for a minute.
May 8th, 2018, the patent for the swap stations was finally approved. It is extensive, and I have the full text of the patent, but I'm not going to post it here because it's stupid long. I can post it later if anyone cares.
Q: Ok, so if no cars are produced, who the hell is going to use the swap stations even if they are online?
A: This is a good question. ZJMY's battery patent was for 3.0 ternary, which was meant to primarily be used in high speed EV's, but long star produces many low speed models as well. I suspect, and this part of what I'm saying is purely speculation, that their swap stations will have multiple modes in order to service other models. Either way, ZJMY is anticipating having certified cars in the relatively near future, so going forward the swap stations will generate revenue regardless.
So what does it mean for the future? Well, if we're serving other models, and ZJMY is included at present in the ticker, we will see revenue produced. If they aren't serving other models, we won't see it until company can sell cars. Either way, a lot of money sitting there if they aren't operating.
If ZJMY is not included in the ticker yet, we will see the same thing we saw in Q4 2017 and Q1 2018.
Ok, so enough with ZJMY. What about the rest of Jinbo?
Now, I'll admit, I previously thought that Wang had already moved Jinbo assets into the ticker via the Nov 3 merger. That turns out to have not been the case, it would seem... Yet.
Q: What about the uplist? Wasn't that supposed to be imminent?
A: Lol, yeah, we figured it would be happening right around now, but Wang has unfortunately shattered all of our timelines. We haven't been wrong about the company's movements, but as for when the result of those movements will reflect in our share price, well, we've all been kinda left scratching our heads a bit.
Enter Chinese Strategic Holdings-
On April 18th, a press release came out in China announcing that Chinese Entertainment, a subsidiary of Chinese Strategic, would be acquiring 95% of the Shenzen Jinbo Investment Holding Group. Wang became CEO of Chinese Entertainment on January 9th, 2018. In effect this does 2 things:
1) Wang re-assumes control of SJIHG
2) SJIHG is now effectively back-door listed on HKEX. (I have said this before)
The agreement was for a 12 month strategic partnership. Here's the other thing that happened: Chinese Strategic also has 2 pending CUSIPs on BSX, the Bermuda Stock Exchange, so Chinese Strategic, it would appear, is about to become dual listed. I can post the CUSIP numbers if anyone cares, ask.
What does this mean for Jinbo? Chinese Strategic needed help getting their listings, and merging Jinbo in got them where they needed to be, but in effect, it will make it easier for Jinbo then to cross list on a senior exchange on US markets. Part A of that plan has taken effect. When Part B happens will be anyone's guess.
Here's what else it means: Wang can maneuver the entirety of Jinbo's assets by moving a single company around. Which means,
Jinbo can be brought into JBZY with a single WYSOS merger filing.
So THIS is seemingly what is going on behind the scenes. Yes, Wang is not acting like he has any particular concern for US shareholders, but I don't think that is the case. IN MY VIEW Wang planned on being able to uplist already, he didn't want to spend the money staying current on the sewer OTC exchanges, but since that timeline didn't work out for him either, he begrudgingly produced financials and paid all the fees to get us current again. Nobody gets rich by spending money needlessly. You'll note the stop sign and yield sign are both gone now.
For those of you who are complaining that Wang isn't communicating with the US, well, he is if you know where to look. We have had a material event that advances the company's agenda almost every single month since Wang bought the shell. Here's a timeline for those of you who can't seem to keep that in mind:
1/11/17: Name change on WYSOS
2/7/17: 2017 Annual Report filed on WYSOS
2/14/17: Annual Report Amended on WYSOS
3/21/17: Annual Report Amended on OTC
3/21/17: Attorney Letter filed on OTC
3/21/17: Multiple Q's filed on OTC
3/22/17: Second Attorney Letter filed on OTC
4/6/17: PR announcing Wang bought the shell
4/7/17: Annual Report filed on OTC
4/7/17: Attorney Letter filed on OTC, we are now current
5/8/17: Name change on WYSOS to JB & ZJMY Company, Ltd
6/27/17: 8-K filed with SEC
6/30/17: Q filed with OTC
7/4/17: Q Amended
7/4/17: Q Amended
7/6/17: Q filed with OTC
7/11/17: Q filed with OTC
7/14/17: Name Change on WYSOS to JB & ZJMY Holding Company, Ltd
8/9/17: 10-K and Multiple 10Q's filed with the SEC to cover the delinquent reporting period when DOLV was SEC reporting
9/12/17: Q2 filed on OTC
10/23/17: Ticker change announced
10/25/17: Ticker change effective
11/3/17: Merger filing on WYSOS, JB & ZJMY Company, Ltd (China) merged into the Holding company.
11/30/17: Q3 filed on OTC
1/9/18: Chinese Strategic Holdings Listed on HKEX
1/9/18: Wang becomes CEO of Chinese Entertainment, a sub of CSH
1/12/18: Wang voluntarily dismisses case against legacy shareholders
1/22/18: Jinbo announces internally they will uplist by August
1/23/18: Jinbo announces internally that Wang has become CEO of CE and has backdoor listed on HKEX
2/15/18: Articles of Incorporation amended on WYSOS
3/15/18: Reverse Split announced on FINRA Daily
4/11/18: Reverse Split effective
4/18/18: Chinese Strategic announces partnership with Jinbo
4/19/18: Jinbo announces internally that "IPO" plans are moving forward
5/8/18: ZJMY patent for swap stations finally approved after almost a year
5/24/18: Annual Report filed on OTC
5/24/18: Attorney Letter filed with OTC
5/25/18: Q1 filed with OTC
5/29/18: Q1 Amended twice, we are officially current again
So, with all that said, a material event EVERY. SINGLE. MONTH. Can you really tell me that all of that happened and yet this company is still a scam? All that money was spent just to suck money out of US shareholders? Do you REALLY think the recently filed Annual and Q is the end of the story here?
I didn't post the sources of any referenced material here, I usually do. If any of you doubt the legitimacy of anything I'm saying, feel free to request I post it, I have all of it, it's just a lot of work.
CAMP LONG IS ALIVE AND WELL, WE STILL BELIEVE, AND WE ARE BUYING AT A BARGAIN.
Holy crap I'm out of breath.
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(2)JB&ZJMY Holding Company Inc (JBZY) Stock Research Links
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