JB and ZJMY Holding Co (JBZY)

[TenKay]

His strategy was simple. Get control, which he had at 60% and then RS to effectively wipe out the DOLV legacy shareholders to a small token amount of ownership of his company. That way he can let them trade that token stock amongst themselves at an inflated pps when the OS is technically low and then turn around and start bleeding his prefs via conversion into the market. He can currently make $70-100K per month doing so for himself at the current pps. And that rate of cash can likely be maintained as the pps INEVITABLY drops over time with the dilution as his ability to convert more and more shares will increase with the OS.

The fact he didn’t change the AS is a dead giveaway. If he dilutes through ANY mechanism to the full AS, the legacy DOLV holders will be left with less than 0.5% of JB&Zjmy.

And to maintain the current pps in such a situation would require the company to somehow be able to support a market cap of around $5 BILLION.

And it is highly unlikely it is worth that for a very simple reason...he choose to RM with a non-reporting dirty OTC shell. Private companies that are actually worth $5 Billion don’t do that...EVER. They do proper IPO’s with underwriters.

Add on top of that the very bad history of Chinese companies RMing into US OTC Shells and you have the makings of a stock selling scam here.