JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

Very well written post. I can't wait for the ticker and name change and to see what option JB&ZJMY will choose to expedite their hike to NASDAQ. I favor the bought deal since they seem to want to move quickly.


You hit the nail on the head.

They starting working an alternate path once they realized doing an IPO (combining all entities to form their massive holding co) could take years and cost millions in fees, audits, lawyers, etc. In the time it would take them to get listed, they could lose ground to the competition. This is where RO comes into the picture with a R/M option that could get the combined companies listed on the OTC, far faster and with fewer hoops. This at least gets them publicly trading and much visability while they work their plan to uplist from OTC to NASDAQ - perhaps under the exemption you've highlighted via a 'bought deal'.

From Security Times Article:


Dai english translation of BklynScott original posted article
Securities times, Li Shouren
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132874267
Quote:

Talk about why would choose to purchase powder[pink] company, JI-ming, Yang said, the company is currently operating scale and governance structure also cannot satisfy the conditions listed IPO in the United States due to plans to expand overseas markets in the future, so the company first landed in powder [pink OTC] market (one of the American over-the-counter market).

The OTC is their first stepping stone.