JB and ZJMY Holding Co (JBZY)

[Overstew]

It would be EXACTLY like owning a business with someone where it was split 60/40, and the person with 60% exercised their control ability and reduced the 40% shareholder to 1% and took the other 39% for themselves.

I'm wondering if this was Wang's attempt to wipe the value of the 54M shares that they were suing over and backed out. Us other shareholders were unfortunately caught in the crossfire.

From a legitimate business perspective, and as much as I hate to say it as a long, I can understand the sake of the reverse split. I wouldn't want people that put in a few $1000 to own a large portion of the company once my assets were brought in. PPS would tank because a lot of the tiny investments would be worth significantly more and people would likely dump once they feel like they've made enough.

In my honest opinion, if this company ends up being a multi-billion dollar company, then even owning a smaller percentage overall wouldn't be so bad (although people's claims of becoming millionaires will be squashed.) Think of it like owning a share of Amazon. 1 share of amazon is $1550 right now, but doesn't even represent 0.01% of the company, but many have still made very large profits off their small few thousand dollar investments there. Of course, I might get some flak for comparing Jinbo to Amazon, but bear with me this is just an example.

I personally believe Wang will hold onto his preferred shares (for voting purposes) and continue increasing O/S by issuing new common shares to raise capital for other business deals/expansion. Right now, our percentage of ownership has not changed. This only changes if the total number of issued commons changes which it has not. (ie: owning 1K shares of 846M is the same as owning 10 shares of 8.46M O/S). Until O/S increases, our percentage stake does not.

The unlikely scenario, but still possible.

On the other hand, if this was a scam and Wang decides to dilute at the current PPS, who would buy? Investors check the O/S numbers each month and there's not enough buyers to sustain a huge supply at the current PPS if Wang did dilute now without a PR. It's not like Wang would make billions of dollars if he were to dilute 1900M shares right now. It just won't happen.

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A true scam would have been diluting after spamming PRs. This company has not been boosting PPS at all and there are still events occurring behind the scenes which proves they are still trying to stay current and potentially uplist to a different, more prestigious exchange.

So far, it looks like this company has made a total of $13,000 from issuing new shares last year (as stated in the quarterlies). If you think this is a scam, please provide proof. I appreciate TenKay's posts because there is a lot of reasoning and thought behind it, but I do not think it will be heavily diluted, unless it is for a legitimate business cause. It is understandable to be concerned though since we are currently on the not-so-regulated OTC where scams occur on a daily basis.