JB and ZJMY Holding Co (JBZY)

[naturalborninvestor]

Also from the 10k

On January 11, 2017, the Company acquired Ji Ming Yang Amperex Technology Limited, a related party Chinese corporation. The purchase price was 100,000 shares of Class D Preferred Stock convertible into 250,000,000 shares of the Company’s common stock and having voting rights equal to 250,000,000 shares of common stock.

On April 4, 2017, the Company acquired a patent from Wang DeQun in exchange for 100,000 shares of Class E Preferred Stock also convertible into 250,000,000 shares of the Company’s common stock and having voting rights equal to 250,000,000 shares of the Company’s common stock.

https://ih.advfn.com/p.php?pid=nmona&article=75415358

This proves that the published Q1-report should include consolidated financials for Zhong Ji Ming Yang. It was often argued that control did not change prior to April 4 (past Q1 period) and, hence, the Q1 report did not include Zhong Ji Min Yang operations. This is FALSE. On April 4th, only a patent was acquired, whereas the change in control of Zhong Yi Ming Yang occured in January and so is reported within Q1 (which we know looks pretty bleak)