ZA Group Inc (ZAAG)

[wallstreet1231]

Yes, each share of Preferred E that was issued converts to 100,000 common shares of stock - after a one year waiting period which is up for many of us now. Each preferred share cost $2.50. Originally they authorized 70m preferred shares but this amount was reduced to just over 36m. I don't know how many of Preferred shares have been issued.

My suggestion would be for ARNH to negotiate with preferred E share holders to buy back the Series E shares at a negotiated price - until they do I doubt too many will invest in common shares.

Here is the link for the Preferred E shares. My opinions as always.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=101220