ZNext Mining Corporation, Inc (ZNXT)

[TheNoviceChicago]

I have asked the TA that exact question. I am still awaiting a response. If the preferred shares are NOT convertible, what purpose do they serve? What are they backed by? I have been referred to Pink Sheets, where the current value of the preferred shares is $1,400 post split. How a market price can be determined when there IS NO MARKET, is beyond me. I guess I am supposed to believe that once I get my NEW and improved preferred shares that I can immediately sell them for that much, which is ridiculous. I have pointed out that the total valuation of the 6M preferred shares would be $8.4 BILLION, which is, of course, not the case. I would receive only 43 preferred shares. In order to recover the cost of the $50 fee, I would need to be able to sell them for $1.40 each to break even after my broker's commission. As far as I am concerned, they were created from dust and smoke. They are worth just about that much. Perhaps I will receive a response, telling me that the preferred shares will receive 1 BILLION times the "dividend" of common shares. In that case, they would be worth something (if there is a cash dividend). However, I doubt that they are backed by anything. I doubt that they serve any purpose (other than to get "the new TA" some cash). And I am convinced that they have no value at all.