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Agree he called top on Owcp^ at .03 and TVCE$ at .004.. both more than doubled since his nonsense. Guys calls are horrid.
I have my preferred e shares along with the certificates. And yes, of course I will convert them - they were paid for and an asset of mine.
Got it, thx, didn’t look back to 2012 as they were returned to treasury in 2013.
Gonna be interesting to see what happened to the 5 million and if someone even still has the certificates to cash them in, also sure zaamil knows about them before signing deal, as majority owner he has the voting rights.
Ps. Big fan of zaag. Fingers crossed that they achieve their plans etc. sounds lik management is working hard to increase shareholder value.
All you have to do is check on otc files. This will answer your questions on conversion and restriction. As you can see, the conversion is stated at 250k per one and the restrictions would appear to be long gone. Can I help with anything else.
https://backend.otcmarkets.com/otcapi/company/financial-report/94933/content
Yes saw that but how do we know they are not restricted as well, also don’t see the 250k to one conversion rate you keep mentioning.
Ps. Over 25m preferred e shares authorized as of 9/30/19: https://backend.otcmarkets.com/otcapi/company/financial-report/235746/content
Zamil appears to own 20m preferred e per the filing. This leaves over 5 mil owned elsewhere.
Looking for it, don’t see anyone else name owning the preferred E nor do I see the conversion rate you are referring to.
So far all i see is the 2013 preferred E returned to treasury and then given to zamil recently and they are restricted...
Latest filling or attorney letter not showing anything else, unless I skimmed over an important piece.
That is correct as it related to that specific acquisition. However, preferred e shares were issued, and paid for, not associated with the acquisition. I personally own preferred e shares - that I paid for and own. They are not associated with any acquisition and the transfer agent confirms I am still the record holder with conversion rights. You might want to do just a tad more research.
As per the attorney letter PG3: The preferred E from 2013, returned to treasury
“The Company issued shares of Series E Preferred stock, and under the terms of the Acquisition Agreement the owner was required to comply with reporting requirements and install a POS system to more accurately track sales. The owner did not comply and a mutual decision was reached to dissolve the relationship and the preferred shares were returned to the treasury.”
Then PG 6 the preferred given for the business to Zamil are restricted
“(i) Zamil Ahammad
(ii) 11466 E. Tamiami Trail, Naples, FL 34113
(iii) 20,000,00 shares of Series E preferred stock; 1 share of Series B preferred stock 600,000 shares
of common stock
(iv) Restricted
(v) None, all shares were acquired from a third party”
Definite buy signal if this guy is here
nice pump and dump...ouch!!! makers love stupidity!!
Well, I hope they make it - they appear focused in growing the business. Looks like they will need to issue considerable new common shares to satisfy the remaining outstanding preferred e shares when converted. The bylaws listed on OTC state they convert 250k commons for 1 share of preferred E.
Attorney letter out.
https://backend.otcmarkets.com/otcapi/company/financial-report/235973/content
I agree, especially looking at the preferred shares that are convertible.
no one seems to care looking at volume, so really plenty of other tickers I do like
Wonder if zaag even realizes their responsibility with respect to the preferred shares, which also carry voting rights. That decrease in shares could be short lived.
Old ticker was a POS not surprised,
Appears from my perspective they need to address Preferred E shares - they convert 1 preferred into 250,000 commons. 500 shares of Preferred E shares equates to 125,000,000 common shares. The bylaws state that if shares are required for conversion they would issue more shares - "The Corporation covenants that, within 30 days of receipt of a conversion notice from any holder of shares of Series E Preferred stock, wherein such conversion would create more shares of Common stock than are authorized, the Corporation will increase the authorized number of shares of Common Stock sufficient to satisfy such holder of shares of series E submitting such conversion notice."
Look further, the Preferred E shares are anti dilutive and not subject to reverse splits etc. In fact, reverse splits would benefit holders as the price would go up while their shares would remain the same on a conversion basis. They also have voting rights. Sure seems to me the company has to address these preferred shares which I am sure will come up in DD of potential investors etc. Interesting stuff here.
ZAAG .10/.20 114%% up
Corporate Actions
Symbol Changes
ACTION TYPE EFFECTIVE DATE SYMBOL DESCRIPTION
Symbol Change 08/01/2019 ZAAG Symbol change from ARNHD to ZAAG
ZAAG~~The Company is newly emerging as a holding company targeting the acquisition of undervalued, niche companies with high
growth potential, income-producing commercial real estate properties and high return investments all designed to pay a dividend
to our shareholders.
ZAAG~~4 fillings yesterday,,going current https://www.otcmarkets.com/stock/ZAAG/disclosure
ZAAG ~~A/S,O/S,FLOAT are the same 1,652,912 shares
https://www.otcmarkets.com/stock/ZAAG/security
ZAAG ~~A/S,O/S,FLOAT are the same 1,652,912 shares
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