Dolat Ventures Inc (OTCMKTS:DOLV) Is A Big 2017 Winner For Our Subscribers

In our previous report on Dolat Ventures Inc. (OTCMKTS:DOLV), the electric vehicle company, we noted that the market pushed up the stock price reacting to a recent merger. We noted that the company provided the new financial figures after the transaction. Additionally, we highlighted the positive net income reported to the market and we expected the share price to creep up as more news about the merger came out.Truly speaking, we hit the nail on the head and DOLV has been a big winner for our subscribers.Recently, we could see a share price spike. It went from trading below the $0.05 share price level to cross $0.09 in only one session. Have a look at it: 1 year chart for DOLVOn top of it, more than 40 million shares changed hands, which shows that the market interest on the stock has raised dramatically very recently: 1 month chart for DOLVLet's recap briefly the business model of DOLV for those who are getting to know the company in this article. The company focuses on the manufacture of electrical cars and their support systems. It has two type of cars; "the electrical car with max range of 330 Kms and an electrical SUV model with max range of 500 km." Photo from the company's websiteRecent DevelopmentsSince our last article was released, only one press release has been received by the market.On October 23, 2017, the company reminded the market that Mr. Wang DeQun acquired control of the company on January 11, 2017. A contract agreement had been signed on December 2, 2016. This shareholder had acquired 300,000 shares of the company Class C Preferred Stock, which is convertible into 750,000,000 shares of the company common stock and carries an equal number of votes.Additionally, the Board of Directors also authorized the acquisition of the issued and outstanding shares of Ji Ming Yang Amperex Technology Limited in exchange for one hundred thousand Class D Preferred Stock convertible into 100,000,000 shares of the company common stock, which also carries an equal number of votes. This acquisition was closed on April 4, 2017 with the delivery of the Class D Preferred Stock to Mr. Wang DeQun.The next step in the merger process was to change the company name. FINRA took some time and approved a change of the company stock ticker to JBZY on October 20, 2017. From now on, the company will be known as JB&JMY Holding Company. This is what created the share price spike.More information about JB&JMY Holding CompanyNow that the merger is closed, the share price will be driven by the new announcements of JB&JMY Holding Company. Thus, let's get more information from the last quarterly release.JB & ZJMY Co., Ltd. is a Chinese battery manufacturer founded in March 2015 with registered capital of 50 million yuan. It holds six Chinese patents pertaining to batteries for use in electric automobiles, which should be appreciated by the market.Why is the company interesting the market?First of all, the company has developed "a small, low-cost, fully automatic, multi-function rechargeable car power plant recharge system." This is made by using a new technology based on a 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." Source

Additionally, the company has a prototype SUV electric vehicle that is able to go up to 600 km (373 miles) on a single charge. It was named “Millet Ming Yang V3”.Market volatility - Share Capital StatisticsAuthorized Shares2,000,000,000a/o Oct 10, 2017Outstanding Shares833,691,800a/o Oct 10, 2017-RestrictedNot Available-UnrestrictedNot AvailableHeld at DTCNot AvailableFloat643,163,847a/o Dec 31, 2016Par Value0.001 ConclusionCurrently trading with a market cap of $28 million, DOLV is an exciting story among small caps. It is not only that the electric vehicle industry is providing large growth to manufacturers, but the company also shows a very solid balance sheet. It shows $0.19 million in cash, $3.7 million in total assets, and only $0.79 million in total liabilities. Additionally, $0.18 million were noted in revenues in the last annual report and $0.156 million were noted in the last quarterly report, which shows that the company is growing.To sum up, Dolat Ventures is a name that we have been covering since April. It has turned into a big winner for our subscribers as we've called the company correctly every step of the way. If you want more picks like DOLV, sign up below.Be sure to check out our coverage on DOLV.We will be updating our subscribers as soon as we know more. For the latest updates on DOLV, sign up below!Image courtesy of ManOfYorkshire via FlickrDisclosure: We have no position in DOLV and have not been compensated for this article.