Scam stocks merge fake or worthless companies into the shell to give the pumpers something to pump! Then dump as many shares as possible on the traders that bite on the lies!
Why put their assets into a shell owned by others? No one would!
On August 23, 2023, JanBella Group sold the Series A Preferred Shares to Zenith Energy Ltd. (“Zenith Energy”). Zenith Energy is a publicly held British Columbia corporation based in Vancouver, B.C., engaged in energy production projects on three continents, whose shares are traded on the London Stock Exchange, Euronext Oslo and the Pink tier of the over-the-counter market maintained by OTC Markets Group, Inc..
In the change in control transaction, Zenith Energy acquired the 100,000 Series A Preferred Shares, representing 99.87% of the voting power of the Company, from JanBella for consideration of approximately $398,400.
Who owns the common shares? Not Zenith! Why would Zenith put assets into others' pockets?