What is the logo on the cap of the Montréal Expos baseball team?

An M can clearly be traced on the perimeter of the logo. If you look really close, you can see an 'e' a 'j' and a 'b.' The 'ejb' are the initials of Bronfman's daughter.The E and B stand for Elizabeth Bronfman, she was born the same year the Expos were formed. It is a clever insignia that people have been questioning since it came into being. He wanted to include his daughter's initials in the logo.

A stylized "M" for Montreal, also forming a red "e" for Expos, and a blue "b" for baseball, coming together as "Montreal Expos Baseball.

Logo:
A stylized eMb, which stands for Expos de Montréal Baseball; the 'e' is in red, the 'M' in white and blue, and the 'b' in blue.
http://www.sportsecyclopedia.com/nl/mtlexpos/expos.html

Question
I was wondering what the letters in the Expos M logo stand for. From what I can see there is an e, j, b and then the m in that one letter. I had once heard of what they stood for but can no longer remember.

Answer
First of all, there is a misconception out there that there is a J in the equation, but there isn't. Only the E, the B and the M as a whole. So it stands for Expos Baseball, and the M stands for Montreal, which goes as Montreal Expos Baseball, it's as simple as that.
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