Replies to post #160056 on JB and ZJMY Holding Co (JBZY)

[bong747]

Your last statement could very well be the case. Esp. at this stage in the game and them executing their plan to list on the NASDAQ. That to me doesn't matter. Let's not forget who has the most to gain here - Wang as the major holder of preferred shares and insiders holding a significant % of the issued commons. I'd also wager a good portion of the float is owned by Chinese nationals. We're just along for the ride :)

[Chaddy]

Just because it is a US OTC does not mean that it is specifically American people that are investing...

There is so much fluff being said on this board that China doesn't care about America, etc.... this has nothing to do with the stock. If people are sketched out about investing in a foreign company on the US market, don't invest. Complaining about International Relationships while still investing in international partnerships makes no sense.

I'm in Canada and I do not feel the "they don't care about American Investors".... What I do think is that there seems to be a group of people on this board that need to get out of their "America First/You owe me" mindset.

GLTA

[Manti]

I'd like to address a couple of items.

You mention the concern pre-ticker change of what if it were denied. I'm sure Wang had the same concern, and that's why the assets were not formally transferred until after finra approval. And I might add that it was a legitimate concern. I was in another pinky rm a few years ago where the merging entity found out that the owner of the shell lied about it being clean, and the whole deal was basically unwound. Everyone lost except for the original owner and his friends who were dumping illegal shares.

I spoke extensively with the owner of the merging entity, and he was more pissed about the way the unscrupulous were profiting off of him and his good name than he was about the money. I suspect Wang could be the same. The money is no big deal to him, but the idea of immoral, unethical, dishonest scammers profiting off of him goes against the grain and against his character. He probably wants to be certain that there is NO WAY they can sell those shares, and thus the request for an injunction.

As far as why they didn't sell earlier, to me the answer is simple: they couldn't get a brokerage to accept the share certificates. There is a certain amount of legal documentation that must be provided to lift a restrictive legend (assuming there is one) and it is VERY difficult these days to find a brokerage that will accept certs from pinks, especially without any documentation to show that they were issued legally and are fully free trading.

I hope the price stays down another day. Payday's tomorrow....