JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

The 19.5 million share increase in the OS is possibly the 10 cent share units purchased by the employees between April 6, 2017 and the deadline July 17, 2017.

My Translation:
Remember, company issued shares and warrants come out of the company's treasury and enter the Outstanding Shares (OS). My understanding is the 10 cent shares were company issued since they were offered at a price higher than the PPS at the time. The company issued the shares with a certificate, which we have seen an example of. The employees had to purchase the 10 cent share units from the company in order to get an attached warrant that can be exercised any time within the next two years (until July 17, 2019) for 15 cents a share even if price in in dollars at that point. There is one warrant attached to each common share unit purchased. Ten million total common share units, each with an attached warrant, for a total of 20 million share units and warrants available (potential common shares)-- 10 million 10-cent common share units, and 10 million 15-cent attached warrants. That is a possible explanation for the 19.5 million shares, since maybe 250,000 ten cent common units were not purchased (so obviously the 250,000 attached warrants weren't added to the OS either). I am not sure how the share-warrant program is set up. Since the warrants are attached to the common share units, the warrants may have had to be added to the OS at the same time the common share units were purchased, even though they may not be exercised yet. That's my 2 cents. The second Quarterly should clear it up.

https://www.otcmarkets.com/stock/DOLV/news/Dolat-Ventures-acquired-by-China-Based-Battery-Manufacturer?id=155356&b=y

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.

https://www.otcmarkets.com/stock/DOLV/profile

DOLV Security Details
Share Structure
Market Value1 $38,265,206 a/o Aug 01, 2017
Authorized Shares 2,000,000,000 a/o Jul 31, 2017
Outstanding Shares 797,191,800 a/o Jul 31, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 643,163,847 a/o Dec 31, 2016
Par Value 0.001

https://www.otcmarkets.com/financialReportViewer?symbol=DOLV&id=175678

Security Information
Security Symbol: DOLV
Exact title and class of securities outstanding: Common
CUSIP Number: 256596107
Stated Par Value: $0.0001
Total authorized: 2,000,000,000 as of March 31, 2017
Total outstanding: 777,691,800 as of March 31, 2017
Total unrestricted: 736,073,319
Total number of shareholders: 134
Number of Beneficial Owners: 1