JB and ZJMY Holding Co (JBZY)

[naturalborninvestor]

1) the number of outstanding shares changed from 719,625,133 in March to 780,816,800. That is an increase of 61,119,166. Not 12.5M. Straight out of the financials.

2) Additional Paid in Capital also includes the issuance of preferred shares. We know series E was issued on April 4th (in Q2). Not sure how it was valued.

3) My response was to someone suggesting that the $23M "paid in capital" represented a cash infusion to the company. That is complete bullshit and can be verified from the cashflow statement. "Receipt of paid-in capital" equals $2.4M.