Dolat Ventures Inc (OTCMKTS:DOLV) is a Chinese electric vehicle market play that has gone though some major transformations. DOLV just released some quarterly reports that were pretty interesting, and showed its first foray into the Chinese market since it’s recent merger with JB&ZJMY .
The two companies – DOLV and JB&ZJMY Holding Company -were able to collect the first payments for their technology. For the six months ended on June 30, 2017, $156,520 were noted and the net profit was equal to $76,064.
Dolat Ventures Inc (OTCMKTS:DOLV) now casts itself as an electric vehicle company. That represents a space in the market that clearly carries some “buzz” status at this point, which likely forces some premium into shares in its own right.
That said, there isn’t a whole lot more we can say for sure about the new DOLV given that we don’t have filed financial reports on JB&ZJMY Holding Company, Inc. Founded in March of 2015, Ji Ming Yang focuses on the development of batteries for “New Energy Vehicles”.
According to company materials, “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 past 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.
Dolat Ventures Inc 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.”
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As part of the quarterly report, DOLV described the company’s tech. Here is what they said:
The Company is based in China and holds six Chinese patents pertaining to batteries for use in electric automobiles. The Chinese electric vehicle market – according to Bloomberg – became the world’s largest in 2015 with 507,000 cars sold, and is expected to reach 2 million vehicles by 2020. The Chinese government has provided subsidies to help car makers achieve large scale production of electric vehicles, and has encouraged taxi fleets and government agencies to use electric automobiles. The company has developed a small, low-cost, fully automatic, multi-function rechargeable car power plant recharge system. It is a new type of nickel-manganese multi-phase lithium-ion battery: a new material system, a new process, the new battery structure, the energy density per kilogram to 180W, 50% higher than the same specifications lithium iron phosphate battery. JB has also developed a prototype SUV electric vehicle (“EV”) that is able to go up to 600 km (373 miles) on a single charge and is called the “Millet Ming Yang V3”.
Currently trading with a market cap of $26 million, Dolat Ventures Inc (OTCMKTS:DOLV) is an exciting story among small caps. We believe that the market is finally pushing up the share price to celebrate the recent merger. DOLV could be a stock to watch and one to monitor, since it is operating in a very hot sector. For continuing coverage on shares of $DOLV stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $DOLV, either long or short, and we have not been compensated for this article.