JB and ZJMY Holding Co (JBZY)

[Porgie Tirebiter]

These guys have repeatedly punished their equity with things like:

- A 100:1 reverse where common equity was the only class that was affected.

- Issuing voting preferreds convertible into 1.25 billion common shares, effectively annihilating the former outstanding equity.

- Issued an unknown number of 10/15¢ warrants available only to "emloyees" (ahem) which made absolutely no financial sense pre-split, but were major cashout for their holders after the split. Logic infers that any "employees" who purchased a warrant had prior knowledge an R/S was on the way.

Now they are giving as much as 95% of what was supposedly JBZY's equity to a Bermuda based shell?