I sent the following email to Jerry:
Jerry,
You thank me for keeping the faith and the support. But XNRG issues close to 1.3 Billions shares for roughly $78,000 (If I calculated that right) in recent filing. Most of that will go to salaries and web support, etc or whatever. I understand the expenses. I do not understand what direction XUN is going. The shareholder value has diminished so much that i understand that many of them have bailed out. And now patience is losing its hold on progress. Ihave been waiting for 2 years, some a lot longer that. I am not exactly sure how the May 1 rules on penny stock will effect XUN, but i am to nervous and disappointed to find out.
There is roughly 1.5 billion shares left of the A/S. You will could lose some support if you authorize another 2-5 billion shares. Can you blame them. I cant. Try to understand. I like the company, obvisouly becuase i am still around. But if XUN cant get any OIL out of Rice lease area or Texas area that you were looking into, then i hope you would express that to the shareholders. The thing that is keeping me in this the $15 Financing you have been working on for a year. BAsed on your email to me about that, you were pretty excited that things are getting close.
So i am in this for a bit longer, again. But the shareholders need something. Not a shares give-a-way . "The issuance of the common stock was exempt from registration under Section 3(a)(9) of the Securities Act." . That line makes me nervous as well. But that is part of the process i guess.
Anyway, Have a good one Jerry. Stay warm. Old Man Winter came back to remind us that Nature is in control. :). If i do not hear from you this week, have a great Good Friday and Easter Sunday!
Marco
AI
