Xtra Energy Corp (XTPT)

[Helter Skelter]

I'm not sure that I "get" this... ;)

AS is "unlimited" (Wyoming corp). OS is 201,351,500.

They did a reverse split on November 10, 2010 of 1000 for 1 reducing the OS from 1,351,500,000 to 1,351,500.

They then issue 110,000,000 shares to Anglo-African Gold Corporation...acquiring it. Those shares are restricted as Londole and Shasavar ae insiders/control persons.



XTPT - Xtra Energy Corp



They then issue 90,000,000 shares to 9 unaffiliated entities (less than 5% each, 10 million shares of 201M OS, perfect, keeps them from needing to file as beneficial owners/control persons) for...and this is the kicker...

...$25,000 in old debt.

$25,000 old debt divided by 90,000,000 shares equals $0.0002777 per share.

As you can see from their statement (2nd graphic, above, last sentence)...the shares do not bear a restrictive legend due to being in exchange for over-one-year-old debt. Meaning...they are free trading...part of the float.

May as well be free trading...they were, essentially, free, lOl...$0.0003 (rounded).

Current price $0.047.

I think I "get" it now.

150x.

Plus some.

GLTY