Sure, I'll comment. First of all, there is abso
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Posted On: 02/12/2018 8:11:32 AM
Sure, I'll comment.
First of all, there is absolutely no requirement that the AS be large enough to accommodate the conversion of preferred shares unless there is specific language to that effect in the terms defining the preferred shares. There is no such requirement with the JBZY preferred shares.
Secondly, the name change/ticker symbol change back in October was also labeled a RS, and it was on a 1:1 basis. Considering that Anying Huang holds the same shares we hold, I have ZERO concern in holding and adding.
If I were to speculate on why there is a new cusip number, I would say the most likely scenario is another ticker change to JBMY since that is the name on all the certificates that were signed in China at their company events. Perhaps we go straight to Nasdaq as JBMY and those foolish enough to flip get left behind.....
First of all, there is absolutely no requirement that the AS be large enough to accommodate the conversion of preferred shares unless there is specific language to that effect in the terms defining the preferred shares. There is no such requirement with the JBZY preferred shares.
Secondly, the name change/ticker symbol change back in October was also labeled a RS, and it was on a 1:1 basis. Considering that Anying Huang holds the same shares we hold, I have ZERO concern in holding and adding.
If I were to speculate on why there is a new cusip number, I would say the most likely scenario is another ticker change to JBMY since that is the name on all the certificates that were signed in China at their company events. Perhaps we go straight to Nasdaq as JBMY and those foolish enough to flip get left behind.....
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