IMO good news on the bolded part near the bottom b
Post# of 2009
Posted On: 09/07/2015 12:55:23 PM
IMO good news on the bolded part near the bottom before first disclosure:
"Thank you fischerman1940 for your post and questions in Post #3 above.
We have replicated your post below:
Dear Jerry,
In the update, it was mentioned that the orders are in various stages of closing. In the past, there was a discussion of the difference between a completed trade and closed deal. Does this mean that these orders are past the completed trade status?
Thanks.
Question #1: In the past, there was a discussion of the difference between a completed trade and closed deal. Does this mean that these orders are past the completed trade status?
Response to Question #1: As we stated in the response to Post #1 from Callen: “The orders are in various stages of closing and depending on shipping distances and times or location of product, a closing could happen quickly or could take over 30 days from the Proof Of Financing (POF).”
We apologize for the confusion. We clarify the above statement in that the orders are in various stages of being completed and closing. This means that some orders are in quotation state, some are in contract formation and execution state, and in one particular order that we are facilitating, it is ready to close immediately subject to buyer acceptance of the contract and the product, with no shipping times, as it is an FOB order and in the tanks at the desired port already.
DISCLAIMER: THESE ORDERS ARE FLUID IN NATURE AND HAVE MANY VARIABLES THAT MAY REQUIRE REWORKING DURING THE PERIOD OF NEGOTIATION IN OR TO REACH A MUTUALLY BENEFICIAL TRANSACTION. ANY DISRUPTION IN THE PROCESS MAY CAUSE THE ORDER TO BE DELAYED OR CANCELLED, AS WE HAVE ENCOUNTERED NUMEROUS TIMES SINCE THE BOARD ACTUATED XOM. A TYPICAL ORDER FROM START TO CLOSE MAY TAKE FROM A COUPLE OF WEEKS TO SEVERAL WEEKS FOR A SUCCESSFUL CLOSE. EACH ORDER WHERE A BUYER OR SELLER IS NEW TO XOM MAY REQUIRE MANY HOURS TO BE CONSUMED IN DUE DILIGENCE, AS DUE DILIGENCE INVOLVES INTERNATIONAL COMMUNICATIONS, TRANSLATIONS, AND VETTING OF MANY DOCUMENTS. ONCE PARTIES TO AN ORDER REACH A PRELIMINARY CONSENSUS, MANY MORE HOURS ARE NEEDED TO DRAFT AND CIRCULATE DOCUMENTS BEFORE FINAL AGREEMENTS ARE READY FOR SIGNATORY AND NOTARIZATION.
THERE ARE NO ASSURANCES THAT THE COMPANY WILL BE ABLE TO CLOSE ON ANY OF THE PHYSICAL COMMODITY TRADES, WHETHER AS A RESELLER OR FACILITATOR. THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY CLOSE ON A PHYSICAL COMMODITY TRADE, WHETHER AS A RESELLER OR FACILITATOR, THAT IT WILL BE PROFITABLE.
DISCLAIMER: SUBJECT TO SAFE HARBOR CLAUSE.
We thank you for your interest, support and faith in the Company.
Respectfully,
Xun Energy, Inc.
Jerry G. Mikolajczyk
President and CEO
Safe Harbor
The statements contained in this post may not be historical fact, are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements contained herein are based on current expectations that involve a number of risks and uncertainties. These statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” "projects" or “anticipates,” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The Company wishes to caution the reader that its forward-looking statements that are historical facts are only predictions. No assurances can be given that the future results indicated, whether expressed or implied, will be achieved. While sometimes presented with numerical specificity, these projections and other forward-looking statements are based upon a variety of assumptions relating to the business of the Company, which, although considered reasonable by the Company, may not be realized. Because of the number and range of assumptions underlying the Company’s forward-looking statements, many of which are subject to significant uncertainties and contingencies that are beyond the reasonable control of the Company, some of the assumptions inevitably will not materialize, and unanticipated events and circumstances may occur subsequent to the date of this report. These forward-looking statements are based on current expectations and the Company assumes no obligation to update this information. Therefore, the actual experience of the Company and the results achieved during the period covered by any particular forward-looking statements may differ substantially from those projected. Consequently, the inclusion of forward-looking statements should not be regarded as a representation by the Company or any other person that these estimates and projections will be realized. The Company’s actual results may vary materially. There can be no assurance that any of these expectations will be realized or that any of the forward-looking statements contained herein will prove to be accurate. There is no guarantee that the Company will close on the financing or close on the acquisition of the producing oil and gas leases."
IMO very exciting!
"Thank you fischerman1940 for your post and questions in Post #3 above.
We have replicated your post below:
Dear Jerry,
In the update, it was mentioned that the orders are in various stages of closing. In the past, there was a discussion of the difference between a completed trade and closed deal. Does this mean that these orders are past the completed trade status?
Thanks.
Question #1: In the past, there was a discussion of the difference between a completed trade and closed deal. Does this mean that these orders are past the completed trade status?
Response to Question #1: As we stated in the response to Post #1 from Callen: “The orders are in various stages of closing and depending on shipping distances and times or location of product, a closing could happen quickly or could take over 30 days from the Proof Of Financing (POF).”
We apologize for the confusion. We clarify the above statement in that the orders are in various stages of being completed and closing. This means that some orders are in quotation state, some are in contract formation and execution state, and in one particular order that we are facilitating, it is ready to close immediately subject to buyer acceptance of the contract and the product, with no shipping times, as it is an FOB order and in the tanks at the desired port already.
DISCLAIMER: THESE ORDERS ARE FLUID IN NATURE AND HAVE MANY VARIABLES THAT MAY REQUIRE REWORKING DURING THE PERIOD OF NEGOTIATION IN OR TO REACH A MUTUALLY BENEFICIAL TRANSACTION. ANY DISRUPTION IN THE PROCESS MAY CAUSE THE ORDER TO BE DELAYED OR CANCELLED, AS WE HAVE ENCOUNTERED NUMEROUS TIMES SINCE THE BOARD ACTUATED XOM. A TYPICAL ORDER FROM START TO CLOSE MAY TAKE FROM A COUPLE OF WEEKS TO SEVERAL WEEKS FOR A SUCCESSFUL CLOSE. EACH ORDER WHERE A BUYER OR SELLER IS NEW TO XOM MAY REQUIRE MANY HOURS TO BE CONSUMED IN DUE DILIGENCE, AS DUE DILIGENCE INVOLVES INTERNATIONAL COMMUNICATIONS, TRANSLATIONS, AND VETTING OF MANY DOCUMENTS. ONCE PARTIES TO AN ORDER REACH A PRELIMINARY CONSENSUS, MANY MORE HOURS ARE NEEDED TO DRAFT AND CIRCULATE DOCUMENTS BEFORE FINAL AGREEMENTS ARE READY FOR SIGNATORY AND NOTARIZATION.
THERE ARE NO ASSURANCES THAT THE COMPANY WILL BE ABLE TO CLOSE ON ANY OF THE PHYSICAL COMMODITY TRADES, WHETHER AS A RESELLER OR FACILITATOR. THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY CLOSE ON A PHYSICAL COMMODITY TRADE, WHETHER AS A RESELLER OR FACILITATOR, THAT IT WILL BE PROFITABLE.
DISCLAIMER: SUBJECT TO SAFE HARBOR CLAUSE.
We thank you for your interest, support and faith in the Company.
Respectfully,
Xun Energy, Inc.
Jerry G. Mikolajczyk
President and CEO
Safe Harbor
The statements contained in this post may not be historical fact, are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements contained herein are based on current expectations that involve a number of risks and uncertainties. These statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” "projects" or “anticipates,” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The Company wishes to caution the reader that its forward-looking statements that are historical facts are only predictions. No assurances can be given that the future results indicated, whether expressed or implied, will be achieved. While sometimes presented with numerical specificity, these projections and other forward-looking statements are based upon a variety of assumptions relating to the business of the Company, which, although considered reasonable by the Company, may not be realized. Because of the number and range of assumptions underlying the Company’s forward-looking statements, many of which are subject to significant uncertainties and contingencies that are beyond the reasonable control of the Company, some of the assumptions inevitably will not materialize, and unanticipated events and circumstances may occur subsequent to the date of this report. These forward-looking statements are based on current expectations and the Company assumes no obligation to update this information. Therefore, the actual experience of the Company and the results achieved during the period covered by any particular forward-looking statements may differ substantially from those projected. Consequently, the inclusion of forward-looking statements should not be regarded as a representation by the Company or any other person that these estimates and projections will be realized. The Company’s actual results may vary materially. There can be no assurance that any of these expectations will be realized or that any of the forward-looking statements contained herein will prove to be accurate. There is no guarantee that the Company will close on the financing or close on the acquisition of the producing oil and gas leases."
IMO very exciting!
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The fault-finder will find faults even in paradise. -Henry David Thoreau