JB and ZJMY Holding Co (JBZY)

[FINWIZCAN]

Not only will be safely convert his prefs after the R/S (There is no reason why not after that). He should be shorting the hell out of this now, and then he can cover the 8MM short shares out of his 1.25B later...

Then he can do another R/S to get the share count down by say 10:1 (Except this time he owns 99% of the company vs. 60%), the SP will be higher and he can raise money.

That is the plan...