Replies to post #31304 on ZNext Mining Corporation, Inc (ZNXT)

[Jim Bishop]

They raised just under a million dollars by selling new stock in private placements.

Simple enough?

For more detail study Regulation D and Rule 504. Again simply put, if a company meets the requirements they can sell up to $1 million of free trading stock per 12 month period.

[janice shell]

Can somebody put the excuse for increasing the float in simple understandable terms for me please..

The company sold a whole lotta stock in a private placement.

[500_and_Long]

To make money!