JB and ZJMY Holding Co (JBZY)

[art35]

No, that is not entirely correct---key word -entirely-
They could sell dolv if it were still a viable ticker--but it was not. They could sell the new shares --if the broker had them in their acct---some brokers were quick and some were not---The TA sent the new shares out to all brokerage houses on the close----all houses got the new shares at the same time.
Yes, anyone could buy the new shares --provided they had funds or margin available---