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Re: nsomniyak post# 31840

Tuesday, 04/11/2017 9:20:22 PM

Tuesday, April 11, 2017 9:20:22 PM

Post# of 207125
My take would be that the company thinks the shares are worth more than 15 cents now... the news release states:

As part of the acquisition the company will be offering to current and future employees based in the Peoples 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.


The warrants are exercisable for two years, and the employees have until July 17th 2017 to purchase the shares at 10 cents to get those warrants. Not much incentive there if the stock were expected to only be worth 10 or 11 cents, correct?