Got this email in my personal inbox from Oraclr (walter@myfutute) any ideas why?
size=7] XNRG (Xun Energy, Inc.)was suspended by order of the SEC dated 11/02/16 due to non-filing of reports on 11/15/16 - https://www.sec.gov/litigation/suspensions/20...9218-o.pdf and https://www.sec.gov/litigation/admin/2016/34-79371.pdf also noted therein was the fact that Xun Energy, Inc. was a "revoked Nevada corporation"
To view SEC filings from most recent (Commission order revoking Exchange Act registration) and going back to 2008 go to - https://www.sec.gov/cgi-bin/browse-edgar?acti...;count=100
1. Xun Energy,Inc.'s request for reorganization prior to being Revoked was denied;
2. Xun Energy,Inc. is no longer listed with said prior listing having been Revoked.
3. Any holdings of XNRG stock by shareholders with any stock house can not be liquidated; transferred; and as of present have a zero value thus the stock house will only "write off" the holdings at zero value from the shareholder's account (don't do that, read below)
4. Xun Energy,Inc.'s corporate status as a Nevada corporation is no longer valid and suspended.
The Xun Energy,Inc. stock issued, does it have any value other then being a "wall mount mistake" involvement for the shareholders of the same?
Well, maybe yes and maybe no. True to form with the entrepreneurial skill of squeezing the last penny out of a rock without 1c being returned, the individuals involved with Xun Energy,Inc. are trying to kick off another venture under a new name to attract shareholders and thus new $$$.
The issue under bankruptcy restrictions , for them to be allowed to do so is to put forth prior compensation to its prior shareholders of XNRG stock. Again, in true form with "squeezing the last penny out of a rock without 1c being returned" from what I have seen so far, a superfluous offer appearing to be of value will be made with "contingencies" required before compensation to the old shareholder will be made. And if true to form, those contingencies will never be met and the old shareholders will receive: 0, Zero, Nada, Zilch but these individuals will then have the ability to raise more $$$$s from new "unsuspecting" shareholders being "drawn in" by the new "pitch". Or they may just offer a meaningless 1 - 1,000 th of a cent per dollar for prior issued stock.
I note that one of the last filings with the SEC XNRG made was outlining that their travel expenses and costs would be paid from the last remains of funds in the company. No pay, but costs covered. When I saw that, it was obvious to me that they wanted to document officially they would be draining the last funds via "costs". Would love to see that detailed "cost" expense sheets from 2015 till suspension of XNRG that in most likelihood drained the last $$$'s from the company.
On a last note: Why is the front page of XNRG not updated to show it's suspension / revocation as of 11/15/16 ?
DUH, intent and consistency prevails!
size=7] XNRG (Xun Energy, Inc.)was suspended by order of the SEC dated 11/02/16 due to non-filing of reports on 11/15/16 - https://www.sec.gov/litigation/suspensions/20...9218-o.pdf and https://www.sec.gov/litigation/admin/2016/34-79371.pdf also noted therein was the fact that Xun Energy, Inc. was a "revoked Nevada corporation"
To view SEC filings from most recent (Commission order revoking Exchange Act registration) and going back to 2008 go to - https://www.sec.gov/cgi-bin/browse-edgar?acti...;count=100
1. Xun Energy,Inc.'s request for reorganization prior to being Revoked was denied;
2. Xun Energy,Inc. is no longer listed with said prior listing having been Revoked.
3. Any holdings of XNRG stock by shareholders with any stock house can not be liquidated; transferred; and as of present have a zero value thus the stock house will only "write off" the holdings at zero value from the shareholder's account (don't do that, read below)
4. Xun Energy,Inc.'s corporate status as a Nevada corporation is no longer valid and suspended.
The Xun Energy,Inc. stock issued, does it have any value other then being a "wall mount mistake" involvement for the shareholders of the same?
Well, maybe yes and maybe no. True to form with the entrepreneurial skill of squeezing the last penny out of a rock without 1c being returned, the individuals involved with Xun Energy,Inc. are trying to kick off another venture under a new name to attract shareholders and thus new $$$.
The issue under bankruptcy restrictions , for them to be allowed to do so is to put forth prior compensation to its prior shareholders of XNRG stock. Again, in true form with "squeezing the last penny out of a rock without 1c being returned" from what I have seen so far, a superfluous offer appearing to be of value will be made with "contingencies" required before compensation to the old shareholder will be made. And if true to form, those contingencies will never be met and the old shareholders will receive: 0, Zero, Nada, Zilch but these individuals will then have the ability to raise more $$$$s from new "unsuspecting" shareholders being "drawn in" by the new "pitch". Or they may just offer a meaningless 1 - 1,000 th of a cent per dollar for prior issued stock.
I note that one of the last filings with the SEC XNRG made was outlining that their travel expenses and costs would be paid from the last remains of funds in the company. No pay, but costs covered. When I saw that, it was obvious to me that they wanted to document officially they would be draining the last funds via "costs". Would love to see that detailed "cost" expense sheets from 2015 till suspension of XNRG that in most likelihood drained the last $$$'s from the company.
On a last note: Why is the front page of XNRG not updated to show it's suspension / revocation as of 11/15/16 ?
DUH, intent and consistency prevails!
