JB and ZJMY Holding Co (JBZY)

[TenKay]

"Upon the filing of those Articles on 11/3/2018, the assets and liabilities of ZJMY officially came into JB&ZJMY Holding Co. That was during the fourth Quarter of 2017."

But here is what they pulled off.

Wang/Oravec wanted to get the Chinese assets into a US publicly traded ticker for any number of reasons. BUT they didn't want to have to share those assets with EXISTING common shareholders.

And they way they did that was by issuing all the preferred stock to Wang AND THEN doing an RS on the stock that left the preferreds out.

THE RESULT?

Existing common shareholders own LESS THAN 1% of the equity in JBZY. 99+% is owned by WANG.

At the current PPS the market cap on a fully diluted basis is over $3 BILLION USD. That is ridiculous and primarily a function of the fact that since almost all the equity is in the preferred, yet to be converted, most ONLY look at the common stock OS/float to judge value.

When the stock from the preferred start hitting then the reconciling will start. They didn't leave the AS at 2 Billion for nothing.