Replies to post #7129 on ZNext Mining Corporation, Inc (ZNXT)

[Australia]

"If it's not a scam, then taking the debenture gives you $9500 on a $500 play after 5 years. If it's not a scam, the stock could go up more (reduction in float argument) or it could be diluted more"

It may be only $ 4500 (5 x $ 900) because $ 500 will buy 5 million shares at 0.0001. The conversion is 900,000 for $ 900. That leaves you with 5 x 900,000 plus 500,000 left over shares after the debenture day. Am I right? Aussie.

[janice shell]

By taking the debenture, you get the fixed return (again, assuming it's not a scam for the sake of argument) and you keep 10% of the shares, which would participate in any low(er) float runup.

And if you don't take the debenture, you're left with 100% of your shares, while many others have only 10% of theirs. Effectively, those who opt to accept the deal are accepting a de facto r/s. Those who don't accept will not be subject to that.

This is a real no-brainer.

[makesumgravy]

How in the heck can this be devised by option? Is everyone to call Pearl or their broker? Has anyone seen this show Unanimous? If you have you know the group went from 1.5 million to 360mn because no one could agree. Its absolutely inconcievable to me that everyone is in division about this. How about keeping all the shares you hold and remaining at .0001. FOREVER! This company or no other company can have 30bn shares. The companies share price cannnot never excel. The market knows that if the share price was a dollar and it never will be at 30bn shares the market cap would be 30 billion dollars. Bigger than Google. Bigger than any stock that trades. It would have to be generating more money than Exxon Mobil and Google combined.
Be greedy and everyone will lose. If everyone doesn't agree to this in some form or the other. Her only next course of action will be a reverse split making this offer null and void. Maybe everyone would prefer this? If everyone doesn't agree no one will!

[famulus]

You simply aren't thinking clearly, rruffie. If it's a scam (it is) then the debenture is a guaranteed loss of 90% of current holdings. If it isn't a scam (and it is a scam) then holding equity allows you to take advantage of any increase in equity value. It also allows you to take advantage of any artificial increase in the share price that might result from suckers accepting the debenture.