JB and ZJMY Holding Co (JBZY)

[LivingTheGoodLife]

Because it is his company and he has the right to maintain control by not subjecting his conversion to the RS. He has to maintain at least 51% of the total A/S. Owning preferred that convert to 1.25 Billion common shares allows him to maintain control and allows him to convert some shares for spending cash, if he so chooses. Once he has all of the pieces in place to take this to NASDAQ and to make it a viable conglomerate, he may want to spend some of his hard earned money. Imagine, a capitalist in China!!!

An RM is perfect for allowing him to grow his company according to how he wants to. In an IPO, he may have had to give up his control or been subject to a hostile takeover.

Genius plan and he is methodically building his empire.

GLTY and all the longs.