JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

What is a 'Beneficial Owner'

As far as I understand we are all beneficial owners since each common share is entitled to one vote as per the letter and July 14 WY SOS document.

https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117

Per Investopedia

A beneficial owner is a person who enjoys the benefits of ownership even though title to some form of property is in another name. It also means any individual or group of individuals who, either directly or indirectly, has the power to vote or influence the transaction decisions regarding a specific security, such as shares in a company.

BREAKING DOWN 'Beneficial Owner'
For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial owner, even though, for safety and convenience, the bank or broker holds title. Beneficial ownership may be shared among a group of individuals. If a beneficial owner controls a position of more than 5%, it must file Schedule 13D under Section 12 of the Securities Exchange Act of 1934.

http://www.investopedia.com/terms/b/beneficialowner.asp#ixzz4pTPS5