Dolat Ventures Inc (OTCMKTS:DOLV) was acquired by a Chinese battery maker this spring and has been in and out of the news for most of the summer. The company is entering an exciting market and there is still some speculation on what to expect from the new owner.
As the summer has gone on it appears that this automaker is in good with the Chinese government but not a lot of information has been disseminated since the deal in April.
Dolat Ventures Inc (OTCMKTS:DOLV) 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”.
Find out when $DOLV stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Here was the last real news from the company about the merger, just as some background:
“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 DOLV will be offering to current and future employees based in the People’s 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.”
Then, the company released quarterly earnings in July and we got information about the company’s patent, those valuations and more info on the owner Mr. Wang DeQun.
Here is a quote from the report on the OTC:
300,000 preferred shares were issued to Mr. Wang DeQun on December 2, 2016. Each preferred share is convertible into 2,500 common shares. During the three months ended March 31, 2017, Mr. DeQun invested additional paid-in capital to fund the Company’s future operations.
DOLV is climbing today and maybe it is because the market ois just starting to see that this company could be a diamond in the rough. China is looking to ramp up electric battery production and they are scaffolding those who are in the business.
Dolat Ventures Inc (OTCMKTS:DOLV) is riding a +30% bounce this morning and the company is carrying a $43.55M market cap with 71.69M shares out. DOLV has very little debt on its books and valuable patents in hand. We are watching this stock closely because it appears more news is imminent. 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.