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  "documentTitle": "ZJK Industrial (ZJK)",
  "authorId": "61_White_Diamond_Research",
  "authorName": "White Diamond Research",
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  "presentationDate": "2025-05-03 00:00:00",
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  "notes": "The slide uses a 'villain' narrative (Jim Cramer/ZJK management) to expose a contradiction in the company's perceived value and growth claims.",
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      "text": "In less than 2 weeks, all 60M shares will be eligible to be sold into the market. We expect there to be a bloodbath with this many shares, that insiders got for practically free.",
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      "text": "Average Price Per Ordinary Share: $0.07",
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      "text": "One of the other key takeaways is the desperation seen to pump the stock- they went out of their way to correct a 30-second clip of Jim Cramer’s Mad Money! Also, the perceived ‘growth’ is mainly due to related parties and nothing else.",
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      "text": "During a “Lightning Round” segment of Mad Money, a caller asked Jim Cramer about ZJK, to which he responded: “I know because of the NVIDIA connection. I have to tell you, they have flat revenues for the last three years – sounds a little like SoundHound. I’m going to take a pass on that one.”",
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      "text": "On 3/11/25, ZJK drew attention to being mentioned on the show with a connection to Nvidia. The company responded to Cramer’s statement in a PR, stating: “While we appreciate the opportunity to be featured on Mad Money and understand the fast-paced nature of the program, ZJK has achieved more than 33% average annual growth over the past three years which is far from ‘flat’ by any financial metric, as Mr. Cramer suggested,” said ZJK CEO Ning Ding.",
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      "text": "There’s a big difference between ZJK and SoundHound (SOUN). SOUN is an actual AI company while ZJK just makes fasteners.",
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      "text": "In less than 2 weeks, all 60M shares will be eligible to be sold into the market. We expect there to be a bloodbath with this many shares, that insiders got for practically free.",
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      "kind": "quote",
      "text": "\"I know because of the NVIDIA connection. I have to tell you, they have flat revenues for the last three years – sounds a little like SoundHound. I'm going to take a pass on that one.\" — Jim Cramer. \"While we appreciate the opportunity to be featured on Mad Money and understand the fast-paced nature of the program, ZJK has achieved more than 33% average annual growth over the past three years which is far from ‘flat’ by any financial metric, as Mr. Cramer suggested,\" — ZJK CEO Ning Ding.",
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      "text": "Source: ZJK IPO Prospectus",
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      "text": "Table showing Ordinary Shares, Total Consideration, and Average Price Per Share for Existing shareholders vs New investors.",
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      "kind": "title",
      "text": "Even Jim Cramer Has The Incorrect Belief That ZJK Has A Connection to Nvidia",
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      "kind": "title",
      "text": "Pre-IPO Shareholders Own 60M Shares of ZJK That They Paid 7c Apiece Which Can Be Sold After The 3/31/25 Lock-up Expiry",
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