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I was referring to Mr. Norward notifying shareholders of his intentions.
Yes, we were scammed by US and Chinese individuals.
I think Wang Dequn and Lin Tainting are ghosts, unable to be located.
Anyone can file WYSOS paperwork and declare themselves President of JBZY.
The hard part is getting JBZY current on OTC.
You need to prove the CEO abandoned JBZY, pay delinquent WYSOS taxes, and file legal docs with OTC.
JBZY $0 debt and 9.3M OS, the effort would be worth it.
I don't know what to think about Mr Norward, his original amendment 2/27/24 listed an abandoned building as a business address.
It's been 7-months and he hasn't done anything visible other than an updated amendment.
A PR to shareholders would be nice.
Oceawide Plaza auction Sept 17th.
I doubt our president Mr. Norward is in anyway involved.
Google; "Eddie Norward Jr, Los Angeles" results point to a small business owner with a history of buying stock in defunct corporations.
JBZY has demonstrated profit potential by gaining 9,900% on 2,200 volume.
The cost of making JBZY current would easily be offset by 1st day trading gains.
"Bid day on September 17th promises to be a high-stakes showdown, drawing attention from real estate moguls, investors, and curious onlookers worldwide.
Made possible by the City of LA and Colliers and Hilco Real Estate, who will run the auction at 1101 South Flower Street, in person and online, making it accessible to a global audience eager to see who will emerge as the new owner of this prime downtown Los Angeles real estate."
Up 9,900% on 2,200 volume.
JBZY lottery ticket
The odds are huge, but, you can't win if you don't play.
"A bidder has emerged for the trio of graffiti-splattered towers that make up Oceanwide Plaza in Downtown Los Angeles. Attorneys representing the building's ownership in bankruptcy court are "in advanced talks" with an undisclosed buyer, The Wall Street Journal reported, citing anonymous sources.
Oceanwide Plaza’s secret bidder would pay approximately $500M to take ownership if no higher bidders come forward by the deadline for bankruptcy bids in mid-August or at a Sept. 17 auction, according to the WSJ. The developers of Oceanwide Plaza estimate they spent more than $1B building the project.
The buyer, identified as a Los Angeles-based developer, would serve as a stalking horse bidder, using its bid to set a baseline for other would-be buyers. This strategy is employed in the sale of bankrupt companies' assets so they don’t get lowball offers.
Creditors on the project earlier this year filed an involuntary bankruptcy petition against the project's owners to force a sale of the property.
Bankruptcy court filings indicate representatives for China Oceanwide Holdings Group, the parent of the entity that developed the project, had "several other potential bidders" that it was considering for the role of stalking horse bidder as of July 16.
Completion of the project would probably require another $800M, a bankruptcy specialist working on the property told the WSJ.
The project was planned with 504 residences, a 184-room hotel and 153K SF of retail and restaurants.
"While this building has become a very visible symbol of the challenges we’re facing, it’s a superficial one," Downtown Los Angeles Alliance CEO Suzanne Holley told the WSJ.
Holley pointed to Downtown’s residential occupancy, now above 90%, and foot traffic levels that have nearly reached prepandemic levels.
"Under the current conditions, this project is well-poised to be a very successful development,"
You are the company that you keep.
Mr. Norward,
Recommended reading; you want to avoid the Defendants list.
JBZY attracts scammers like bees to honey.
But...they still have to become OTC current to Pump & Dump.
Mr Norward, recommend a little due diligence prior to selecting a legal counsel.
Mustafa David Sayid
Good news / Bad news.
Good News
1001 Wilshire Blvd, Los Angeles, CA. is a real office building.
308 Spring Lane, Halworth, NJ. is a real house.
43855 West Elizabeth Ave, Maricopa, AZ. is a real house.
Bad News
Google "essgcorp.net"
a. Striper Energy Inc. (Suspended by SEC.)
b. DIVISION OF ENFORCEMENT'S OPPOSITION
BRIEF IN THE MATTER OF STRIPER ENERGY, INC.
c. Same legal consultant: edaparma.
d. Same legal counsel: M. Sayid
Nothing makes sense.
Why file a fraudulent amendment, nothing to be gained unless the stock trades on OTC.
Why didn't Dequn Wang or Lin Tianting sell JBZY? It's worth far more than $930.
Never seen Chinese walk away from "free" money until now.
The WYSOS tax bill is probably less than $500, JBZY never made a profit.
The legal cost to become OTC current, change name & symbol, easily offset by a jump in PPS.
$0 Debt & 9.3M OS, you could sell caffeine bottled water and the PPS would jump to $1.
What's your interpretation on why Mr Norward filed the 2020 Amendment?
Can't run a scam with 0 volume.
My guess; Mr Norward will ghost shareholders just like the previous 2 presidents.
Keep an eye on WYSOS.
The first step toward redemption; return JBZY to Active status.
Mr Norward mentioned "I'll address the State Wyoming."
I will "gladly" buy every worthless JBZY share @ the current .0001 PPS.
Pls contact me if interested.
Unfortunately, Mr. Wang DeQun and Lin Tianting walked away from JBZY without ever making a public statement to loyal shareholders.
As long as JBZY debt remains $0, and the OS remains 9.3M, the corporation retains value far above $930.
The .0001 share price is a joke given trading has been suspended by Etrade and others.
The WYSOS tax bill (JBZY never produced a profit) is likely less than $500.
Steps to recovery:
a. Pay the WYSOS tax bill, return JBZY to Active corporation status.
b. Update the OTC filings to become current.
c. Change the name and symbol of the corporation.
The legal fees for the above steps would easily offset by the rise in PPS.
Announce a partnership with a Hollywood celebrity to sell their personal brand of tequila/pot/clothes and were back to $$.
Everyone is 😍🤩🥰.
I sent Lin a copy of the 2020 amendment.
Not expecting a reply.
Dear Lin Tianting,
Remember that EV Auto company, Battery Manufacture, Battery Swap Station, Bottled Water Producer, Entertainment Conglomerate, Condominium Real Estate, Cell Phone Manufacture, and Crypto Currency company called JB and ZJMY Holding Co?
The one you were/are President of.
Mr Eddie Norward Jr would like to buy it. Wake-up and make some $$
If anyone has an email or ph# for a JBZY associate in China, pls forward to Eddie Norward.
Mr. Norward's email address is located in the 2020 WYSOS amendment.
He tried but failed to receive a reply.
The sooner JBZY becomes current the sooner we start seeing trades, "hopefully" with honest management and audited financials.
Email to Mr. Norward.
"Thank you for your reply.
As I'm sure you are aware, JBZY has a very small 9.3M OS and $0 debt making it a pink diamond on the OTC.
For the past several years JBZY has been sitting on the shelves gathering dust instead of making money.
Wang DeQun's Malaysian passport fiasco and his failure to sell JBZY did a great disservice to loyal shareholders.
My advice: Pay the delinquent WYSOS taxes and return the corporation to Active status. Failure to do so will cause JBZY to be permanently removed from the OTC."
Received email reply fm Eddie Norward Jr.
I asked about his intentions for JBZY.
Reply:
"___, it's filed here in California as a branch and last email to the Chinese executive went unanswered looking to get sponsored for series 7, qualified with SIE, Series 63 looking to growth through acquisition."
My concern with the WYSOS 2020 amendment.
a. President: "Eddie Norward, Los Angeles" = Small time coffee shop & music business owner.
b. Business address: Abandoned building (Oceanwide Plaza) was never used as an office.
c. Email address: Tohigh Construction Investment Lp does not exist. The previous name was Tohigh Construction Investment LLC.
d. Real businessmen have email servers; Eddie.Norward@business-name
e. Taintin Lin's address is incomplete: Doesn't list the office building.
Nothing about the WYSOS document looks professional, even the signature looks childish.
Latest news regarding Oceanwide Plaza.
Our new President (if he exists) remains silent, no reply to emails.
Can't run a scam if you can't trade JBZY.
Oceanwide Plaza needs JBZY to raise capital.
New Oceanwide Plaza LLC bankruptcy dates.
On February 13, 2024 (the "Petition Date"), petitioning creditors Lendlease (US) Construction Inc., Standard Drywall, Inc., Star Hardware, Inc., Woodbridge Glass Inc., and Mitsubishi Electric US, Inc. (together, the “Petitioning Creditors”) filed the Involuntary Petition for relief under Chapter 11 of the United States Bankruptcy Code against Oceanwide Plaza, LLC (the "Alleged Debtor").
The Debtor's bankruptcy case is pending under Case No. 24-11057 before the Honorable Deborah J. Saltzman in the United States Bankruptcy Court for the Central District of California (the "Bankruptcy Court"). On March 8, 2024, the Alleged Debtor requested that the Bankruptcy Court enter an Order to Allow the Alleged Debtor to commence its Chapter 11 case as a Voluntary Proceeding and commence operation as a Debtor-In-Possession.
Case No. Debtor Name
24-11057 Oceanwide Plaza, LLC
Meeting of Creditors
April 23, 2024
(09:00 AM PT)
Hearing
April 25, 2024
(02:00 PM PT)
Omnibus Hearing
June 11, 2024
(01:00 PM PT)
The case is set for a hearing on March 28.
"Lendlease and four other contractors filed a petition against Oceanwide Plaza LLC in the U.S. Bankruptcy Court, claiming they haven’t received payment for their contributions to the project, Bisnow reported. The move follows Oceanwide Holdings’ admission of financial difficulties more than four years ago, prompting Lendlease to view the legal action as the only means to secure compensation.
With the petition, Lendlease aims to compel the court to appoint a trustee who will oversee the sale of the Oceanwide Plaza property, effectively ending the protracted deadlock that has plagued the site for years. The goal, as stated by Lendlease, is to allow the unfinished project to move forward for the benefit of the local community.
The case is set for a hearing on March 28, where creditors are expected to argue that they have exhausted other avenues for compensation. The proceedings will require Oceanwide Plaza LLC to disclose information about its assets and liabilities, offering a comprehensive understanding of the company’s financial standing and why these resources haven’t been utilized to settle debts."
As is the norm, nothing makes sense.
a. Google Eddie Norward Jr; points to an individual associated with numerous unsuccessful small businesses.
b. WYSOS address belongs to Oceanwide Plaza: "A broke Chinese real-estate developer left Los Angeles with empty, graffiti-covered towers that could cost billions to finish. A Chinese firm started to build a massive tower plaza in Los Angeles but ran out of funds in 2019. The Oceanwide Plaza towers are now mainly used by graffiti artists and BASE jumpers."
c. "L.A. OKs $3.8 million to clean up and secure Oceanwide Plaza."
d. "A Bermuda court has ordered the liquidation of a Chinese development firm whose subsidiary sank $1.1 billion into an uncompleted hotel, condo and retail project in Downtown Los Angeles. The Caribbean court appointed liquidators of Beijing-based China Oceanwide Holdings, whose Oceanwide Holdings didn’t complete the three-building Oceanwide Plaza at Figueroa, Flower, 11th and 12th streets in South Park."
Time will tell; the 2020 amendment is either a Scam, Joke, or an attempt to raise capital for a failing real-estate venture.
JBZY $0 debt & 9.2M OS = Pink Diamond.
All we need is Good Management and a little polishing.
Still holding 2.8% of the OS.
Right now it's worth less than TP paper.
Audited financials would be a blessing. 🤩
As you stated "Can't scam, if it doesn't trade."
Probably the best evidence something is in the works.
I emailed Mr. Norward a week ago, No reply.
Don't know how trading can occur while in Caveat Emptor (No Trading) status.
In order to bring JBZY back to life management needs to pay the WYSOS tax bill.
Here's what we know.
a. Edward Norward Jr. is the new president of JBZY.
b. There is documentation showing him as "Company contact, CFO, Investment" for Tohigh Construction Investment.
c. OceanWide Holdings was a subsidiary of Tohigh Construction Investment.
d. The address used on the WYSOS 2020 amended annual report is the same as Oceanwide Holdings address.
e. Oceanwide Holdings over leverage themselves in real estate and bank loans and were removed from the Shenzhen Stock Exchange.
f. Check Youtube for more info.
Oceanwide Holdings hit bottom in China.
OTC is an opportunity to raise capital and start over.
Let's hope they learned a few lessons along the way.
New name, new symbol, audited financials =😎
Oceanwide Holdings was removed from Shenzhen Stock Exchange and needs cash.
Might be a reason for possible OTC listing.
https://www.yicaiglobal.com/news/debt-stricken-oceanwide-is-first-chinese-developer-to-be-kicked-off-bourse-this-year
"If" new management is connected to China Oceanwide Holdings 😍
https://en.wikipedia.org/wiki/China_Oceanwide_Holdings_Group
JBZY status: Inactive - Administratively Dissolved (Tax)
1st; pay the WYSOS tax bill.
2nd; become current on OTC.
3rd; change the corp name & symbol.
4th; public announcement.
🤩
Not sure who Mr. Norward is, anyone can create a gmail account.
If the WYSOS email address was; EdwardNorward@OceanwideHoldings.com, that would be impressive.
Time will tell, no reason to run a scam yet if nobody can trade JBZY.
Real estate corporations in China are hurting for cash, best case scenario, Oceanwide Holdings using JBZY to access US market.
That would be BIG.