We want to circle back around to update a story we were following this spring with Dolat Ventures Inc (OTCMKTS:DOLV) after the company reported a stock transaction that would effectively combine itself, with Ji Ming Yang Amperex Technology Ltd.
Ji Ming Yang Amperex Technology was founded in March of 2015, is primarily focused on the development of batteries for ‘New Energy Vehicles’, and possesses a number of patents seeking to enhance and extend battery life while also reduce operating costs.
Control of Dolat Ventures Inc (OTCMKTS:DOLV) the Company was acquired by Mr. Wang DeQun on January 11, 2017 pursuant to an agreement that was entered into on December 2, 2016. On that date Mr. Wang acquired 300,000 shares of the Company’s Class C Preferred Stock which is convertible into 750,000,000 shares of the Company’s common stock and carries an equal number of votes.
On January 11, 2017, 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), a Chinese corporation in exchange for one hundred thousand Class D Preferred Stock convertible into 100,000,000 shares of the Company’s common stock which also carries an equal number of votes. T
he name change which was subject to a lengthy FINRA review process allows the Company to reflect the new business combination by changing its name to JB&ZJMY Holding Company, Inc. and seeking a new symbol. This acquisition was closed on April 4, 2017 with the delivery of the Class D Preferred Stock to Mr. Wang DeQun.
On October 20, 2017 FINRA approved a change of the company’s stock ticker to JBZY. Effective Wednesday October 24th, the change will be visible on the Daily List Announcement. The previous trading symbol was DOLV. The company will now be known as JB&JMY Holding Company and the new CUSIP is 466102100. The Market Effective Date will be October 25th 2017. (Source: OTC Disclosure & News Service)
What we’re even more interested in is the rapid run up the chart this week. It’s similar to the huge run we observed after discussing it back in April, when the stock made a move from the two-cent range to more than nine cents per share by the end of May. That was followed by a long period of consolidation as the company awaited FINRA approval for its name and symbol change. The current run began this week at similar lows, but is already more impressive, having touched highs over fifteen cents a share.
We may need to once again watch for DOLV, now JBZY, to settle down off of this incredible run, but when it does, history tells us that there will be solid rebound opportunities waiting. For each downturn on the chart there have been significant course corrections as the stock routinely trades with good volatility, which is an attractive trait to short term swing traders.
We’ll also keep our ears to the tracks for more details of the company’s direction moving forward after the finalization of its transitional process in its name and symbol change this week. Keep it locked to Street Register for updates, and we’ll deliver important developments on DOLV/JBZY as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
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/JBZY stock, short or long.