ZNext Mining Preferred Shares (fka ZNXPP)

[was pennymaster]

Ok, everybody check it out and the chapter on how much the CD's in our accounts will be worth in 2011 will be over. I found this in my file of P/R's. I quote "As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900.00 due and payable in 5 years without interest. Anytime during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares" So there you go, for every million shares you had before the buy back, you will get $900.00. Use that formula for your own individual account. The amount in your account x $1.00 not $1,000.00. Believe me, I wish it was $1,000.00!!! My source is the P/R dated June 12, 2006. The paragraph after that tells why they did it.