No dilution? What about this? Straight from their Q's? Look at all that .0001 and .0002 stock issuances. Lets just take one issuance. August 8th 2017. So a debt service of $3,650.00 requires an issuance of 36,500,000 shares when the market close was .0463? That means that the $3,650.00 debtholder was issued $1,689,950 worth of stock. Sign me up. I'll take that deal and even take $1.5Mil in stock for the little over three and a half grand and save the company a $150g's. Any respect for their stock? Even as of a few months ago? Nope. Why would you do that? Think about it. All IMO. I know nothing, so don't listen to me.
Ridiculous. The company has declared multiple issues of voting convertible preferred shares that were already ruinous to common equity. Now those convertible preferred shares power will be magnified by a hundred fold - While the O/S stays at 2 billion.
Excellent post and thanks for your detailed explanation. I agree with most of what you said. But why would they not RS during the ticker change and also why not now give shareholders a PR to explain what they are doing and announce RS?
I am now past the idea that no PRs and no updates from the company is somehow a good thing because they are not pumping etc.
Been in five Reverse Splits in OTC the past six-seven years with only two panning out (ARNA & SNGX) and while they were different than JBZY as they had 10:1, they also did not have all the potential some of us expect or even just hope for here. JBZY is just a one-year-old public company and there's just too much ahead to be concerned about this relatively mild RS so I will continue to accumulate as scared money runs... To each his/her own but I'd love to some day say I had an OTC turn Nasdaq ...
Thanks GF for clarifying the positive aspect of RS for JBZY. Many gave up their shares in panic. I hope they got back in on the bottom. This will be the talk of Wall Street in 2018-19. Hold your shares and don’t be cheated out of them.
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