GM XNRG I wonder why Jerry would go through thi

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Posted On: 02/16/2017 11:16:55 AM

Posted By: igotgame2star

GM XNRG

I wonder why Jerry would go through this with SEC, he did not have to, delisted and no requirement to file this, so why? why the heck would he do this? hmmmmmmmmmmmmm, LOL, maybe that delist was a "blessing in disguise" I see it and know why, DD is a mutha!!!

Quote:

badgerbob Member Level Wednesday, 02/15/17 11:47:53 AM
Re: malc stone post# 43993
Post #
43995
of 43997 Go
Just looked for any new filings. May 31st isn't too far off.
Reread the last 8K for kicks.
https://www.sec.gov/Archives/edgar/data/14359...161116.htm

During the timeframe leading up to our fiscal year end of May 31, 2017, subject to adequate financing or cash flow, we plan to complete or initiate the following:

.Restructure the capital stock of the Company, including but not limited to a reverse stock split.

Re-instate the Company in the State of Nevada.
Change the domicile of the Company from Nevada to an as yet undetermined State.

And this other stuff

Close on a financing transaction that is currently in progress.

Close on two of four ULSD (Ultra Low Sulphur Diesel) physical commodity trades that are in progress with the potential to lead to a monthly demand of 60 Million gallons per month over a 12 month contract period.
·
Close on a contemplated acquisition of land and permits for a 102 Mega Watt (MW) power project, currently in progress.
·
Discharge our Convertible Debenture obligations through cash settlements.
·
Discharge our obligations relating to our trade payables including the November 17, 2014 Superior Court of Connecticut, Judicial District of Danbury Order approving the voluntary Stipulation for Settlement of Claims ($1,834,935 in debt obligations) through cash payments.

Why not just add... build a rocket ship and fly it to Uranus to mine for emeralds ? ?

Not sure how they do anything without that reverse split happening first. Over 8 billion outstanding? In my opinion, companies should not be allowed to R/S their stock unless they are current on their filings and info. Unfortunately it happens all the time.