I agree with you on the merger. I don't see them going forward without some debt. I believe that Mr Wang has a vision that he couldn't accomplish without going public. Growing companies requires one key asset, liquidity, because they need to have available funds to grow quickly or they have to stop their plans until they get the money. Once JBZY gets current and reveals their long-term plans, the stock should appreciate to where it should be, but the long-term goals might include some reliance on long-term debt. We will know soon.
GLTY and all the longs.
STILL PATIENT, LONGER, STRONGER, GOLDEN AND SOON TO BE RICHER!