JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

I see what you are saying.

The company has 90 days to "sufficiently respond" to FINRA's request for additional information. I would not think the 90 day "lapse" rule would apply with ZJMY, since they have adequately responded to FINRA, IMO. However, what dictates a sufficient response in FINRA's subjective mind is another matter.

After rereading the rule, FINRA may deem a response insufficient. It is crazy since, FINRA can take months to reply or comment back to the company after the company submits additional information.

(2) Lapsed Requests
Where a Requesting Party does not, in the reasonable determination of the Department, sufficiently respond to any request by the Department for additional information or documentation pursuant to paragraph (b)(3) above within 90 calendar days following such Department request, such party's request shall be deemed "lapsed" and be closed.

I understand the ball is in FINRA's court and they do not have a shot clock, unfortunately.

IMO, August 25 could be a date JB&ZJMY is striving for for their own reasons (maybe the company chosen Effective Date for the name and ticker change? the launch date of SUVs? date Ministry listing comes out?).