CulperResearch Posts On X, "We Are Short Jin Medical International Ltd $ZJYL, a China Hustle-style Charade. Jin Sells Wheelchairs and Parts in China. In 2022, Its Revenues Fell 8% to Just $19M. Trades at ~45x Revenues. At Reasonable "Peer" Levels..."

Benzinga · Jan 18 00:04

1) We are short Jin Medical International Ltd $ZJYL, a China Hustle-style charade. Jin sells wheelchairs and parts in China. In 2022, its revenues fell 8% to just $19M. $ZJYL trades at ~45x revenues. At reasonable "peer" levels of 1-6x sales, $ZJYL shares fall 90% or more.

2) $ZJYL went public in March 2023, underwritten by China-focused chop shop, Prime Number Capital. Prime Number is headquartered in a Long Beach home and has already been sued by investors at least twice for alleged roles in other China frauds. Their track record is horrific.

3) In Sept 2023, $ZJYL faced a NASDAQ delisting notice as it fell under the 300 shareholder threshold required for continued listing. On October 24, $ZJYL CEO Erqi Wang filed a Form 144 to sell 545,893 shares. Then $ZJYL fired its auditor, MarcumAsia, and hired DNTW Toronto.

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CulperResearch Posts On X, "We Are Short Jin Medical International Ltd $ZJYL, a China Hustle-style Charade. Jin Sells Wheelchairs and Parts in China. In 2022, Its Revenues Fell 8% to Just $19M. Trades at ~45x Revenues. At Reasonable "Peer" Levels..."

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