Dolat Ventures Inc (OTCMKTS:DOLV) shares started their rally in March when news of the acquisition by a Chinese company started to circulate, at the time shares were a triple zero sub penny trading around .009 cents, which is mind numbingly low. But a month later, after the terms of the acquisition were revealed, the public shares have rallied significantly to become a bona fide penny stock approaching double digits near .10 cents. On a percentage basis this is a big, big move, and while little is known about the company they appear on everyone’s volatility and volume radar.
The control of Dolat Ventures Inc was acquired by Mr. DeQun Wang 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.
Incorporation authorizing the preferred stock, the Company also acquired 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. Subject to FINRA approval the Company will reflect the new business combination by changing its name to JB&ZJMY Holding Company, Inc. and seeking a new symbol.
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$DOLV 10-Day Chart Below:
Founded in March of 2015 Ji Ming Yang focuses on the development of batteries for “New Energy Vehicles”. The company possesses a number of patents seeking to enhance and extend battery life while also reduce operating costs. The Company seeks 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 company will be offering to current and future employees based in the Peoples Republic of China the opportunity to purchase new JB&ZJMY common stock units for $0.10 (Ten Cents USD) per share with one warrant attached exercisable for two years at $0.15 (Fifteen Cents USD) for a total of 10,000,000 (Ten Million) units pursuant to a Regulation S offering on a best efforts basis expiring on July 17th 2017.
The Company intends to file consolidated financial statements reflecting the acquisition during the next two weeks. We thank our shareholders for their interest in the Company and patience while we bring our filings current.
With information at a minimum for these shares investors need to be careful with DOLAT VENTURES, INC. (OTCMKTS:DOLV), as they have a pullback coming which is already in progress. The real question now is this? Was the rally all about the momentum players (who come and go), or did the market value the acquisition properly in the recent rally to .07 cents? I don’t think anyone really knows the answer to this question because news is hard to find for this stock unless you are fluent in Mandarin, which I am not. The trading action back in March gained momentum as shares passed through the .01 penny area with volume reaching 65 million shares.
My expectation after watching many of these stocks trade is they usually retest this area where they broke out and had the largest volume day. This is always the tell tale sign of where investors started buying which remains in their head as a natural stop out and exit from the trade. But tune back in as news becomes available for these shares. For more news on Dolat Ventures Inc and other fast-moving penny stocks, please subscribe to OracleDispatch.com below.
