Replies to post #1149 on ZNext Mining Preferred Shares (fka ZNXPP)

[michael_a_berenis]

because if it cant be traded, the majority of the certificate holders wont deposit their slips- hence the reason most cannot do that simple task. If they dont deposit their slips, they can substitute 1 phantom share for 1 cert in form of an IOU issuance (lost in the desk, ill get it to you soon) Until the cert holders deposit their slips, they can keep that IOU open. Its a way to stall and give them time to ante up money to cover. The longer it goes on, the larger amount of phantom $$$ we are talking about, which inturn results in a much larger cover $$$

Also we can figure out which brokerages are at fault by who is accepting and who is denying. The larger holders here can't get an account with etrade, so they are probably one. Schwab wouldn't take mine either, so they are probably another. The list goes on and on. They are all in on it, and they all know one day they will have to cover. That day is when paim gets its uplisting.


Now what, is paim a scam? LOL Not here too!