JB and ZJMY Holding Co (JBZY)

[stcks4prft]

Yes I truly hope that it's taking them this long because they're trying to produce audited and Consolidated financials. I'm sure we'll find out soon enough.

As far as the long star ownership goes, firstly it has been pointed out by some that if you add up the percent ownerships of all the three shareholders for Guangxi, it doesn't add up to 100%. 27.7% is missing.

Now the speculation is that they wanted to clean up the accounting of it to satisfy some NASDAQ listing requirements and/or sec comments perhaps. If you recall ZJMY China was merged into JB&ZJMY holding company as per the resolution filed with wysos. And all the assets and liabilities of ZJMY became assets and liabilities of JB&ZJMY holding company. So technically ZJMY china shouldn't exist anymore since it became one with JB&ZJMY HOLDING COMPANY, so to speak.

The thinking there is that they removed ZJMY ownership for long star, gave han zhiming 10% and the remaining 27.7% belongs to JBZY. And they cannot disclose that there for obvious reasons right now. But you could argue why did it take them so long to change that then?

I don't know why that is. Maybe this is a sign we are very close to a sec filing?But all this does seem somewhat plausible.