Replies to post #160082 on JB and ZJMY Holding Co (JBZY)

[MakeaFuss]

You're spot on with the certs. Much more difficult/time-consuming than in the past!

[NoWayJones]

This all makes sense to me, I certainly buy that that is his (Wang's) justification for the suit, however I'm still not convinced that is the delay in the financials. If it were that simple, why would IR not just state that to smooth the roiling? Even if they can't speak to the content it seems to me that a simple statement like that would go a long way toward boosting investor confidence, however, I am starting to wonder if HH isn't responding to people...if they are Chinese. It could very well be she has been directed not to talk to anyone who isn't.

[BeamMeUpScotty]

Interesting threads to read here. My guess is you won't see any filings or news until the whole issue of the law suit and the final unequivocal cancellation of those 42m (I think it was 42m) shares takes place and is ruled on "with prejudice" to stop them from wasting time dragging out any appeals etc.

It's simple why when you think about it from Mr Wang's point of view. He won't want the value of the company's stock to increase knowing that there might be folks out there who can cash in on his hard work in building up his many businesses, while they've never done anything to support the company.

I think until that legal action is resolved you won't see any filings. I don't think it will bother them about the stop sign possibly being put back on if they get late with filings either.

My guess is that Mr Wang is not happy with the former "owners" of the company for basically issuing shares to their buddies, who still can't prove what they did to deserve all those free shares in payment from a company that had no operations to speak of at the time that those shares were issued!