JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

Why we are excited about the ticker change:

Reverse Merger

A “Reverse Merger” is when a private company acquires the controlling interest in a public company, usually a “shell” company, and then effects a merger of the private company into the public company, with the public company being the surviving company.

Certain things usually happen and some SEC rules must be met upon the completion of the reverse merger. The name of the shell company is usually changed to the name of the private company. If the shell company has a trading symbol it is changed to reflect the name change. Many times, a reverse stock split will be done and additional shares issued to give the new principals more control of the Company. An information statement, called an 8-K, must be filed within 15 days of the closing. The 8-K describes the newly combined company, stock issued, information of new officers and directors, and financial statements audited to US GAAP, standards. The 8-K must disclose the same type of information that it would be required to provide in registering a class of securities under the Securities Exchange Act of 1934.

After the reverse, the present directors and officers resign and new directors and officers are appointed representing the new owners of the Company.

There are certain advantages for a company to acquire a "shell" as a means of becoming a "public company".

Source of article:

http://venturevest.com/shellsreversemerger.html

We already know there is no reverse split. 1:1 old to new shares ratio.

DOLV