Xun Energy, Inc. (fka XNRG)

[Huggy Bear]

XNRG has effected a Section 3(a)(10) exemption to sell 2 million dollars more worth of shares to the public for the settlement of past due bona fide debt owed.

The outstanding shares of XNRG are already over 8 billion, and this action seeks to drastically increase that by the sale of .0001 shares to the public for an unknown price at which these shares are issued, all along the lines of a nebulous "safety net" provision which is favorable to the debt holders, obviously.

I do not find hardly any of this debt claimed to be bona fide whatsoever, especially the debt owed to CM Research LLC, for promotional services.

Here is an excerpt from the Connecticut court document which shows this Section 3(a)(10) exemption in its entirety.

C. Consultant will utilize its subcontractors to provide the following:

* Re-face investor page of site and manage information data on site
for investors if it needs to be changed;
* Advise on the positioning of press releases prior to distribution;
* Manage Public/Media Relations to the general market place with a
look to create conversations between investors;
* All marketing and public relations as defined by the Client or the
Consultant;
* Social Media Matrix (SMM) program - Designed to bring awareness to
company name, ticker and product throughout the social media.
Consultant will utilize LinkedIn, Digg, Stumble, Face Book,
Twitter, Penny stock tweets, various boards and blogs to bring the
Client's profile and/or news in front of traders daily. The
subcontractors will message in an effort to be repetitive and
subliminal. Strongest rewards are appreciated in four to six weeks.

Original Connecticut court document here in entirety:

http://civilinquiry.jud.ct.gov/DocumentInquiry/DocumentInquiry.aspx?DocumentNo=8154974

Money owed for oil wells never drilled, money owed to Jerry Mikolaczjk for services provided in 2011 when he was a consultant to the company and money owed to CMR and the Subcontractors for promotional services they claim they never provided.

This is the precedent where the SEC applied Section 17(b) of the Securities Act of 1933 to the internet promotion of stocks. Disclaimer must be made as to the compensated nature in whatever form that might be, whether stock or cash or other.

https://www.sec.gov/litigation/admin/33-7885.htm

I. Section 17(b) of the Securities Act makes it unlawful for any person to tout a stock without disclosing the nature and substance of any consideration, whether present or future, direct or indirect, received from an issuer, underwriter or dealer.

The actions of CMR subcontractors as detailed in the Section 3(a)(10) exemption detailed in the aforementioned and linked court document must be disclosed in nature, or else they are illegal according to established law, which is linked as well.