ZA Group Inc (ZAAG)

[Value_Investor]

ARNH key fact: the current AS is still 4.85B shares (which can be confirmed by Florida state website) and no change since 09/30/2013. The fixed AS does not allow the so-called PS-E conversion to happen because On 09/30/2013 only 773,319,803 shares were available for issuance (based on 4,076,680,197 shares OS on 09/30/2013) and currently perhaps no any single share left to issue now if either PS-E was really convertible after 09/30/2013 or the new shares were diluted to max out the OS! Therefore currently only the either weak hands or some of the previous restricted shares are still selling at the lowest possible price 0.0001! Anyway it is very easy to hit the most recent high 0.0006 again based on the same fixed SS...

Even we assumes the current OS is still the same as before (the TA is gagged now and no way to know the current OS). Which means only 773,319,803 shares available for issuance. Then each PS-E can only be converted to 22 common shares due to total 35M shares of PS-E which will lead to 4,846,680,197 shares new OS and leave 3,319,803 shares to issue since the AS is 4,850,000,000 shares. In this case $77K cash can buy out all the 770M new shares at $0.0001!

In summary there is no so-called 1:100000 convertible PS-E (each PS-E converts to 100,000 common shares) now! Why so many investors here are willing to be fooled by those misinformation? Folks, do your DD: the current SS will reveal the truth!