JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

FINRA has to be notified 10 days prior to the effective date of a corporate action. The effective date is the next business day following the day the name and ticker change is posted to FINRA's daily list.

Since the recent 10-K and 10-Qs were required by FINRA according to the ShareHolder Letter, we know the FINRA forms were filled out well before those SEC filings were posted on August 9, since FINRA had already had ample opportunity to review DOLV's submitted FINRA' forms and other supporting documentation. Those filings took some time to put together. The FINRA forms with the 10 day notice were submitted months ago IMO.

Remember a company could submit the forms on or after the effective date of the corporate action, BUT they would have to pay a $5000 late notice fee.

The August 25 date may be a target date by JB&ZJMY. There is a 90 day limit if a company doesn't respond to FINRA's additional requests where the pending corporate action will lapse. Since the company responded to FINRA's requests for the SEC filings, we know that 90 day rule shouldn't apply here. The company wants it to happen by the 25th IMO.

I am positive that the Issuer Company-Related Action Notification Form and the Transfer Agent Verification Form were submitted a good while ago. Both those required FINRA forms have a place for the Effective Date for the company action (name and ticker change). FINRA has had significantly more than 10 days notice, probably a few months notice, since the SEC filings probably took weeks to complete.

In respect to consolidated financials, I would bet that FINRA would have asked to see them. It is a standard requirement with SEC reporting companies and FINRA generally has many of the same requirements as the SEC just not as stringent. The SEC and FINRA review processes are similar.

JB&ZJMY may not have to post the combined financials (consolidated financial statement) until the merger officially completes when the name and ticker change become effective. The consolidated financials may not have to be filed until the third Quarterly report. However, the company may release it with the second Quarterly report if it was already completed at FINRA's request, and in accordance with the company's earlier intentions.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.finra.org/sites/default/files/NoticeDocument/p121988.pdf&ved=0ahUKEwiIzLvWrNnVAhVCw2MKHWDbDOwQFgguMAE&usg=AFQjCNGgxBCb_qaByBbaUUNmp8wzD5J2pw