Replies to post #95917 on JB and ZJMY Holding Co (JBZY)

[Stoopidyoshi]

They probably stand a better chance that way

[Choi]

The Firm Commitment Underwriting/Bought Deal is how we can expedite an uplist to Nasdaq, and how an IPO is possible as stated in the employee share certificate.

What is a 'Firm Commitment'
A firm commitment is a lending institution's promise to enter into a loan agreement with a specific entity within a certain period of time.

2. An underwriter's agreement to assume all inventory risk and purchase all securities directly from the issuer for sale to the public at the price specified.
BREAKING DOWN 'Firm Commitment'
1. The lender specifies the terms that that must be met in order for the loan to be processed. Also known as a "standby loan commitment".

2. In a firm commitment, underwriters act dealers and are responsible for any unsold inventory. The dealer profits from the spread between the purchase price and the public offering price. Also known as a "firm commitment underwriting".

http://www.investopedia.com/terms/f/firmcommitment.asp

So in essence, the institution/firm takes the risk in buying however many shares in our company, and profits from the spread between the purchase price and the public offering price.

Hence why there will be a huge pump/research report/guidance on their end when this happens...