Replies to post #177423 on JB and ZJMY Holding Co (JBZY)

[Porgie Tirebiter]

Not yet, as it makes no sense to convert them before the R/S is completed. Same with the warrants which were offered to "employees".

It's not the R/S which is in and of itself damaging to outstanding equity. It's the intent to R/S while those preferred classes exist which is the issue.

This is very common pinky ploy to dilute outstanding equity. Since the preferred shares don't actually trade the T/A won't report their existence, and the OTC markets web-site will also ignore them, as their only concern is market traded issues.

But that doesn't mean they are not dilutive.

JBZY is just another run-of-the-mill pink scam.