Replies to post #46254 on ZNext Mining Corporation, Inc (ZNXT)

[Jim Bishop]

Absolutely right, the CD is debt financing.

[hasher]

the math is fantastic, if you are pearl LOL Just those 25 dollars in, 25 dollars out, per cert is fun to watch.. some transaction fees will end up being higher than the value of the paper. I can see why gail loves this woman and wants to visit.. she's gonna become her rich aunt Bae.

[stockhound101]

I agree with you 100% on this one Janice and I've contacted the SEC due to this action by the company.
R/S's are bad enough but to recall the CD is a new one for the play book.IMO

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"You know, someone over at RB got Pearlie's latest move exactly right. The business with the debenture is as if you borrowed $30,000 from your bank, promising to pay it back in six years (lol, with no interest). Then after two years you call up the bank and say: I don't feel like waiting. I'll pay you $3000 right now, and that'll close the transaction.

The debenture is debt, not equity. I seriously doubt the legality of this move. "