Okay, I haven't had a chance to look into this yet, but that "trusted root authority" thing means that you're using a self-signed cert or a cert that comes from a "root authority" that's not in Blazer.
I'd like to know where you bought a $20 cert that is listed on the root authority table in Blazer! the cheapest I was able to find for our server at work was Entrust, which cost us $200.
If you use a self-signed certificate, rather than one that's been signed by a trusted root (such as Entrust or Verisign) and then installed on your server, you'll get that error.
I haven't had a chance to look at work-arounds in Versamail, and I probably won't until Monday. Sorry.