JB and ZJMY Holding Co (JBZY)

[FINWIZCAN]

Here is what everyone is missing.

The common shares will be cut back 100 for 1. That means that the current
846,941,800 shares will become 8,469,418 shares. Every common shareholder will have their shares cut by 99%.

However, the Preferred shares held by management are STILL convertible to 1.25 Billion commons. The filing specifically stated that the R/S will NOT impact the Prefs.

What does this mean??? Instead of having around 2Billion shares fully diluted, there will be 1.25 Billion post split. Thus the SP will at MOST double post split, and everyone holding commons will lose 99%...

Furthermore, there is a strong likelihood they will do some sort of financing to issue the remaining 750MM shares - creating even more dilution for those who have been diluted 99%.

Everyone is expecting the SP to correct to 100x its value post consolidation, but they won't even double...effectively, they have wiped us out. Which is what EVERYONE does to a shell.

Sadly, This will be trips shortly.