Replies to post #3363 on ZNext Mining Corporation, Inc (ZNXT)

[ultimatepick]

1000 X .00000001 = .00001 in value
.00001 (preferred) / .0001 (common)= .1 = 1/10th

You get 1/10th the value in preferred?!!
What are you saying?

[Jim Bishop]

Perhaps you fellows should look up "par value" so you know what it means.

Often stocks have no par value as in 0.00 but that has nothing to do with what they might trade for.

PAIM preferreds do not trade, probably never will, best hope is that you are able at some point to convert them to common....she's mentioned converting at 500 preferreds for 1 common.

Until then PAIM preferreds have no real value.