Replies to post #66021 on JB and ZJMY Holding Co (JBZY)

[Subjugator]

I would assume he has millions of preferred shares that will be worth a fortune once this thing takes off...any one else wants to chime in?

[Cache]

Think valuation. Public companies are valued at 10-20x their private company counterparts. That alone would set Wang up to be worth multi BILLIONS with the shares he owns. This is not a startup. The Chinese government has gotten the company to the point of mass production as floridany explained yesterday. If they need to do a capital raise at some point, why wouldn't they do a few private placements for, let's say, 10M shares when we're at $1 or multi dollars?

[Rocket_1]

He's doing nothing different than when someone...Mark Zuckerberg...Jeff Bezos...et al...Takes a company they developed public, for a specified price. I buy facebook at $17, and it goes up...I buy facebook at (whatever price)...it goes up. Did either of them give me anything. The answer is NO. I had to take the risk of buying the stock...and now I reap the benefits. For their company, they too have stock instead of a company.