ZA Group Inc (ZAAG)

[wallstreet1231]

I agree we should rely on the public filings. Here goes:

1) Jason Levy is the COO of another public company - cdif. Their business plan looks very similar to ARNH. Jason received significant stock from CDIF - look at the filing from cdif.

2) The ARNH quarterly report dated 9/30/13 - "On December 31, 2012 the Company executed a Asset Purchase Agreement with Nostego, Inc. for the purchase of 245,000 unique ID Gift Card Codes for Identity Protection and Recovery by Entrust America Gift Cards. The Company issued 4,889,020 shares of Preferred Series preferred E stock as consideration for the purchase. The ID Cards were originally booked with a minimum value of $100 per card. The Company has not realized or identified the economic benefit of the Identity theft gift cards as of September 30, 2013. Therefore the Company has
introduced an impairment measurement that reduced the value of each gift card to $49.99 the anticipated value when licensed to a vendor."

ValueInvestor - want to guess at what the conversion equates to relative to common shares - almost 489 billion - that's right BILLION. I cannot locate where ARNH reported any revenue from the cards - wonder what happened to them? Don't they have an expiration date?

My opinions as always.