Saturday, March 17, 2018 12:28:41 AM
JBZY is non-reporting at the moment. So they are NOT required to file an 8-k. When they do become sec reporting then that will become a requirement.
Secondly, when an entity reverse merges into a shell company, it is in that entity's best interest to stay quiet UNTIL it is ready to disclose all information when the ultimate goal is to uplist to a major exchange. There is absolutely NO reason to divulge valuable/substantial information to the "shell shareholders" (who in this case are almost all penny stock traders) and let them benefit from that ensuing share price action. That is also ONE of the reasons such an entity will do a reverse split to largely get rid of such traders and essentially "clean up" the shell before presenting it to potential investors such as investment banks etc.
I have not seen 1 penny scam where they did a reverse split LONG before the share structure was maxed out! And that too a 1:100.
Anyways, there is a lot more to it but these are some of the minor points. If you would like a bigger lesson in figuring out what the company behind this shell is upto, I suggest you do some serious research and I can help you with that.
Cheers.
Whatever I say here is my own opinion. Invest at your own risk.
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