JB and ZJMY Holding Co (JBZY)

[ChuckBits]

I have (unfortunately) been in 4 RS's. Each company issued many 8k's along the way to explain what was going on & what the plan was. There are none here.

2 of the companies claimed the RS was for NASDAQ uplist. 1 actually made it (briefly).

In each case, the "bulls" said it was a "good thing", and nothing has changed.

Of the 2 NASDAQ companies, 1 filed chapter 7, 100% loss. The other has been at "no bid" for a year with NO CHANCE for recovery.

Another has also been at "no bid" for a while with next to no chance. The 4th is at .01 when it previously was in "dollars" & no longer has any assets.

Immediately after the RS, you will NOT be able to sell for 2 to 5 days, depending on your broker. You will be forced to watch your money disappear.

In each case, "human nature" told me (as an example) my $10k is now worth $1k, I might as well hold at this point. Each time that $1k turned into $1 dollar (or less). So in each case in hindsight I realized $1k is "better than $1 dollar".

Finally, there were always people who said "this one is different". Run, do not walk.

Good luck to all...