Goliath National Inc (ZAAGD)

[wallstreet1231]

Benosufan, I share your opinion regarding the preferred shares. They need to show assets on the balance sheet and this is the easiest way. It's easy because the value to us is zero as there is no cash outlay - it is a gift to supposedly make up for our historical losses on ARNH. The value to anyone else is seeing preferred shares owned at 2.50 per share. They must also strive to put other assets on the balance sheet - like airline companies, mobile homes etc. If they suceed the balance sheet will look good but only because it is distorted from the preferred shares. They then under write a new offering and guess who exits first - with roughly 40% of the offering.