Dolat Ventures Inc (OTCMKTS:DOLV) has been flying under the radar, in terms of performance. The stock was up over 30,000% in a three-month period. That’s right, 30,000%, according to Morningstar. Now, if you’ve never heard of Dolat Ventures, it was previously primarily engaged in mining industry, prior to this recent news development, but more on that later.
Let’s take a look at Dolat Ventures’ previous company profile, and you’ll see why the ongoing changes makes sense. According to Reuters, Dolat Ventures is “an exploration-stage company. The Company focuses on buying, selling, distributing and exporting diamond bauxite, rutile gold, silver and various other precious minerals in Sierra Leone and internationally. Millennium’s core operations are to mine, extract, refine and purify precious metals and stones. Millennium, through a mining agreement with the owners of land in the towns of Gandorhun and Njala in the Tikonko Chiefdom, Bo District of Sierra Leone, mines the area in and around the Baimbawai Pool of the Sewa River located between the towns.”
However, Dolat Ventures Inc (OTCMKTS:DOLV) has sold controlling interest to a battery manufacturer based in China. Now, the control of the Dolat Ventures Inc was acquired by Mr. DeQun Wang, not too long ago, pursuant to an agreement that was entered into back in late 2016. That in mind, Mr. DeQun Wang recently acquired 300K shares of Dolat Venture Inc’s Class C Preferred Stock, which is convertible into 750M shares of the Dolat Venture’s common stock, which would carry an equal number of votes.
Recently, the filing date of the Company’s Amendment to its Certificate of Incorporation authorizing the preferred stock, the company’s Board of Directors also authorized the acquisition all of the issued and outstanding shares of Ji Ming Yang Amperex Technology Limited (Ji Ming Yang), which is a Chinese corporation, in exchange for one hundred thousand Class D Preferred Stock, which could be converted into 100M shares of the Dolat Ventures’ common stock. Note that these filings and transactions are subject to review by FINRA. After the intended acquisition, the newly formed company would reflect the new business combination by changing its name to JB&ZJMY Holding Company, Inc. and the company is seeking a new symbol to trade under. Now, this acquisition was closed recently, with the delivery of the Class D Preferred Stock to Mr. DeQun Wang.
Now, if you’ve never heard of Ji Ming Yang Amperex Technology limited, the company was founded in March of 2015, and it is primarily focused on the development of batteries for ‘New Energy Vehicles’. With Dolat Ventures, the two companies could have some synergies, as batteries and vehicles need raw materials. Ji Ming Yang Amperex Technology limited possesses a number of patents seeking to enhance and extend battery life while also reduce operating costs. The company is looking to commercialize solutions to the problems faced by all vehicle battery manufactures, such as shortage of battery life, expensive materials, and charging station issues.
As part of the acquisition the newly formed company will be offering to current and future employees based in the People’s Republic of China the opportunity to purchase new JB&ZJMY Units consisting of one share of common stock and one common stock purchase warrant for 10 cents per Unit with the attached warrant exercisable for two years at 15 cents, for a total of 10,000,000 units pursuant to a Regulation S offering on a best efforts basis expiring some time during the third quarter of 2017.
Now with the big changes coming in Dolat Ventures, you probably don’t want to miss the developments in the newly formed company. But for now, you might want to keep an eye on DOLV. It might be hard for you to keep track of all the news in some names on your watch list, but we could help you stay up to date on DOLV. All you have to do is subscribe to our free newsletter by entering your email address below, and we’ll send you updates, if any, on DOLV.
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in DOLV stock, short or long.