JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

Brokers have confirmed a 1:1 share exchange upon ticker change. Your DOLV shares will actually be removed from your brokerage account and the new JB&ZJMY shares will replace them at a ratio of 1 to 1. 1:1 means no Reverse Split at least in the short term.

A company that wants to dominate the Chinese (and ASEAN) EV market will not want to devalue investor confidence by diluting the OS significantly. There are laws restricting new owners from converting their shares to common shares within a year of an acquisition. There are other rules restricting owners from diluting more than 1% in each 3 month period to my knowledge. As far as I understand, those rules apply to a pink too, not just a SEC reporting company.

Dilution is always a possibility with a Reverse Merger, but the company is suing to reacquire 54 million shares that were reportedly illegally handed out for consultation work that was never done. There is no paper trail verifying that actual work was performed for these issued shares.

The company's goal is NASDAQ. How is the company going to garner major investors' attention if they dilute the value out of the stock now? With what the company has brewing, the PPS will take care of itself.