JNS Holding Corp (JNSH)

[mAjOr dAmAgE]

My affiliation is that they are long time business associates.

The lawsuit in question doesn't ask for any specific damages. Most likely, it would be an award of the investment, but it's left open for punitive damages if the Court finds intentional wrongdoing. In addition, it seeks remedial relief as to the unlawfully issued shares. I know that the plaintiffs don't want to hurt the company, but they want to divest the control persons of their ability to harm it.

As to the correcting of the shares, fixing it doesn't correct the shares that were issued unlawfully and it doesn't correct the false press releases that they issued saying that the authorized were beinng reduced and that they were buying back. Those PRs were issued for the sole reason to dupe people into buying the stock.

As to Rosenman being gone, he was never truly there since Mr. Hayter appears to be the person signing the charter changes. As to Fauzie, again you have a Hayter associate.

The suit provides a template of the activities, all I'd do is scratch off the allegations about the stock promotions (otcpicks, etc.), send the suit to a securities lawyer in Delaware and say, "This happened to me too." There's a good chance they might take it on a contingency since Mr. CEO has assets and file a suit against the culprits. I'd also look into Turner Hughes' involvement and consider them as a party.

If allowed to proceed unfettered, Mr. CEO's modus operandi speaks for itself. See IBCX.