ZNext Mining Corporation, Inc (ZNXT)

[Australia]

Debenture may not be a mandatory? According to my interpretation on the latest PAIM release at pinksheets
https://www.otcstockinfo.com/repository/651759/651759_FR19.pdf
In PAGE 2 "Pearl Asia is Issuing its first right offering effective June 1 to expire December 31, 2006.............................for Convertible Debenture Gross Value of $ 500,000 USD only"
IMO: PAIM would only exchange for 500,000/0.001 = 500,000,000 shares only for the debenture on its first offering. Thus, not all 27 billion shares at once. For those of you who would like to exchange to debenture, I BELIEVE that you must send your share certificate(s) to the TA to exchange it with debenture certificate.
My interpretation could be wrong so Please read the latest release at pinksheets and let me know your interpretations.
Also, the public float is close to 23 billion shares in that report. Aussie.