Replies to post #118889 on JB and ZJMY Holding Co (JBZY)

[Inorout]

ZJMY is intentionally driving down the share price because they really would prefer Chinese shareholders and don't really want American shareholders. ZJMY wants to drive the price really low so Chinese employees, friends and family can get shares cheap. ZJMY management doesn't care for American pinkie players....they want American shareholders gone.

[mandymagoo]

I hope they want to keep me!

[LivingTheGoodLife]

I just got back home. To answer your question, we have to go back to the month of February. There were a few days when the volume was very heavy and over 700 million shares changed hands below .001. I believe that there were numerous people who owned millions and millions of shares, from that exchange, in the low to mid trips.

Having too many people, holding that many shares in that PPS range, can create problems for effective growth of the company. The object of a company is to have as many investors holding fewer shares as possible, so that no one investor can affect the share price when they decide to sell their shares. Imagine what would happen to the share price, if someone with 20 million shares decides to get out, all at once. The PPS would plummet dramatically. Compound that by numerous traders, who are holding similar positions, deciding to get out, when they see the stock price plummeting from the first investor's decision.

So to answer your question, it isn't a matter of whom, it is a matter of weeding out the low trip traders and setting a much higher support level, with more investors holding fewer shares.

DOLV, patient, long, strong and soon to be golden.