ZA Group Inc (ZAAG)

[benosufan]

I got the same letter from the new CEO Mark Soloman. "The company has implemented a corporate restructuring strategy. As a result, we have become aware that some shareholders may be lacking supporting documentation to verify their Preferred Share Certificates." So they want us to mail them supporting documentation. Maybe the CEO should ask Kathy why she sent those series H preferred shares to shareholders. Maybe I should send him a copy of that "personal note from the CEO" that came with the certificate....that was a real gut buster. I'm sure they are just trying to get rid of all the preferred shares out there. None of us really "paid" for these series H shares. They were a basically given to us. There was no transaction that ever happened. It was merely sending them docs to prove we held ARNH shares in a certain time frame. So I don't understand why they are asking for documentation. Maybe there is a requirement that the company holds documentation? I'm no legal expert so I'm open to advice. If there is a requirement and none of us can prove we "paid" for these series H then maybe the company can just say they are not valid. I wouldn't be surprised as I was always skeptical that Kathy sent us those shares out of the kindness of her heart.

Well at least I got to dig this stock certificate out of the file cabinet. It's been a couple years...LOL.