ZA Group Inc (ZAAG)

[NODOUBT111]

You guys are missing one thing. Regardless of the preferred share series i.e. H or E or whatever you might have, the company will control the flow of their conversions back to common. In the case of H series, they have already stated that if ever allowed, then only one share would be allowed for quite sometime, if ever again another. So then all the rest of the H shares effectively become worthless..The series E will be controlled such that a person cannot convert more than what constitutes as 10% of the A/S in any one conversion. The bylaws never stated this but based on another company I own preferred with I believe this was only an oversight and will be back implemented to avoid a flood.