Replies to post #176682 on JB and ZJMY Holding Co (JBZY)

[surfkast]

State corporate law and a company’s articles of incorporation and by-laws govern reverse stock splits. JBZY already approved the R/S.

https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117

Now they have to file the proper documentation with FINRA. If they did and there is an issue,FINRA could request more information before approval.

Submitting Notice of Company-Related Actions
An issuer or other duly authorized representative that is obligated to notify FINRA of a
Company-Related Action must:
1. Complete, sign and submit the Company-Related Action Notification Form to
FINRA Operations at least ten (10) days prior to the record date or effective date
(as applicable) involved for the Company-Related Action. The form is available on
FINRA’s website at www.finra.org/upc/forms.
2. Ensure that the issuer’s duly authorized transfer agent signs and submits a
completed Transfer Agent Verification Form to FINRA Operations simultaneously.
3. Attach supporting documentation (e.g., copy of board resolutions authorizing the
Company-Related Action, amendment to the charter of incorporation) as required
by the Company-Related Action Notification Form.
4. Pay all applicable fees, including late fees, in the manner prescribed on the
Company-Related Action Notification Form.
5. Submit the above package either electronically or via overnight mail to FINRA
Operations at the addresses specified on the applicable Form.
FINRA Operations will assign a unique, identifying number to each request to process
documentation for a Company-Related Action. Issuers or their duly authorized
representatives must include the number on all future submissions, notices and
correspondence from them to FINRA Operations relating to the action.



The full text can be found here.

https://www.finra.org/sites/default/files/NoticeDocument/p121988.pdf

[joma]

They have not applied to finra as of now,they will file when the time is right