Replies to post #49525 on ZNext Mining Corporation, Inc (ZNXT)

[Jim Bishop]

TD Waterhouse Canada hasn't done the CD's yet either.

As for ETrade, I think they have more pressing things to worry about right now...like avoiding bankruptcy, what a hit they took today.

[marayatano]

One interesting thing to note. There were people who sent in their CD to convert to shares. The PR stated mandatory, yet the Wall Street type brokerage did NOT convert the CDs to shares.

Just an opinion here: CDs are callable or noncallable. I do not think that what PAIM did was legal re: mandatory conversion of CDs.

Bottomline: People who sent in their CDs exchanged them voluntarily while the CD holders w/ brokerages did not convert, ie PAIM is liable at maturity date.

Without looking for the old original PR re: receiving the CD for shares, I do not recall that these CDs as being callable until 2010 or 2011. I can not remember. Anyone wanna lookup and post.

In my opinion. I am not an expert or portray to be one.

[Jim Bishop]

TDW converted the CD's to PAIM in my account last night. Oh goodie, more freebies.