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Gener8Xion Entertainment, Inc. (fka GNXE)

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Last Post: 11/3/2012 12:29:34 PM - Followers: 10 - Board type: Free - Posts Today: 0

 

Stay Away From This Company and It's Common Stock.  See below why:

http://www.globenewswire.com/newsroom/news.html?d=222609

Source:
 Gener8xion Entertainment, Inc.

Gener8xion Entertainment, Inc.: Questions and Answers to Shareholder Questions Regarding deregistration

HOLLYWOOD, Calif., May 20, 2011 (GLOBE NEWSWIRE) -- On May 18, 2011 Gener8xion Entertainment (Pink Sheets:GNXE) agreed to the entry of an order with the SEC that has changed the registration status of the company's common stock. The Company has acknowledged to the SEC that it has failed to comply with the periodic reporting requirements, as required by the Exchange Act. After the entry of the SEC order, the common stock of Gener8xion Entertainment, Inc., will no longer be traded on the Pink Sheet Over the Counter Market.   

The following is intended to answer questions of Gener8xion Entertainment shareholders:

1.        How did Gener8xion Entertainment stock become deregistered?

The Company was required to file periodic reports (Forms 10-K, 10-Q and 8-K) with the SEC. The periodic reports required compliance with numerous rules and regulations, as well as the continued preparation of audited financial statements. The Company stopped filing reports with the SEC in 2008.   The SEC filed an action to deregister the Company stock. The Company acknowledges that the reports were not filed, and therefore agreed to the entry of an order by the SEC that has resulted in the stock being deregistered effective May 19, 2011.

2.        Why did the Company agree to the deregistration of its stock?

The Company reviewed the situation carefully. After much consideration, the Company determined it would not be able to successfully defend itself against the SEC action, and determined that the best use of the resources the Company has available would be to continue to pursue the main business of the Company, which will maximize the value of the Company.

3.        Do I still own stock in Gener8xion Entertainment?

Yes, the stock deregistration has no effect upon your status as a shareholder. You still own the same number of shares. There is, however, no public market available for trading and valuation of the Company stock.

4.        Can I still sell my Gener8xion Entertainment stock?

Yes. Your stock may be sold in private transactions.

5.        Is Gener8xion Entertainment now a private company?

No. The company still has shareholders. The management and board of the company are still responsible to the shareholders.

6.        Is Gener8xion Entertainment going out of business?

No. The Company will continue to operate as it did prior to the stock deregistration. The Company will continue to pursue new projects and complete the projects currently underway.

7.        How can I expect to receive information about Gener8xion Entertainment in the future?

The Company expects to provide its shareholders with information through its website,www.8x.com. The Company will, from time to time, provide updated information in the form of newsletters from the CEO. In addition, the Company may provide financial statements, which will be unaudited and not have the level of detail required of an SEC registered and reporting company. The Company expects to continue to issue news releases concerning material developments, though some events which were the subject of press releases in the past may not be included in future press releases.

 CONTACT: Ron Heineman          323-874-9888 



Gener8Xion Entertainment, Inc.
 Contact Info

  • 7095 Hollywood Boulevard, Suite 1260
  • Hollywood, CA
  • United States, 90028
    Phone: 323-874-9888
Company Officers:
Key people Matthew Crouch
(Founder)
Richard J. Cook
(President and CEO)
Stephan Blinn
(Vice President, Creative Affairs)
Ronald Heineman
(Chairman)
Products Motion picturestelevision programs

http://8x.com/

http://twitter.com/#!/search/gener8xion

[edit]

 

 

PostSubject
#343   Has anyone heard about a class action lawsuit Puggles 11/03/12 12:29:34 PM
#342   Has HDOG commented on this at all? RockSexton 06/24/11 03:05:25 PM
#341   Might as well tuck these away and hope EZmoneyED 05/21/11 10:58:52 AM
#340   I'm sorry, but it's over with guys. chemistfrog 05/20/11 10:04:00 PM
#339   It means it is done and is now cici 05/19/11 03:37:06 PM
#338   In dumb people terms this means....... tenpiner 05/19/11 12:21:55 PM
#337   GNXE : Revoked . Renee 05/19/11 10:02:44 AM
#336   I'm not the most optimistic about this either, chemistfrog 05/17/11 10:36:20 PM
#335   i hope i am wrong iheartmoney 05/17/11 12:31:59 AM
#334   You may be right Im just hoping but EZmoneyED 05/17/11 12:22:03 AM
#333   with all respect i disagree .... companies rarely iheartmoney 05/17/11 12:02:46 AM
#332   I think in the long run things will EZmoneyED 05/16/11 11:53:07 PM
#331   does not look good: iheartmoney 05/16/11 11:48:56 PM
#330   I tried today on TD Ameritrade, but it chemistfrog 05/16/11 11:15:31 PM
#329   u place an order to buy or sell iheartmoney 05/16/11 11:13:40 PM
#328   How does one buy and sell stocks traded chemistfrog 05/16/11 11:04:52 PM
#327   it probably is trading on the greys ... iheartmoney 05/16/11 03:20:01 PM
#326   I have racked my brain over the same tenpiner 05/16/11 02:37:12 PM
#325   Yup.... still nothing and no trading.. chemistfrog 05/16/11 01:32:16 PM
#324   Yep. Might be in for quite a wait here. EZmoneyED 05/16/11 10:51:42 AM
#323   **Crickets** tenpiner 05/16/11 09:38:48 AM
#322   Well monday is right around the corner bracing EZmoneyED 05/12/11 07:29:42 PM
#321   Im curious to see what happens too. The EZmoneyED 05/10/11 08:37:01 AM
#320   Per the sticky note, trading will resume on chemistfrog 05/09/11 10:18:47 PM
#319   Exactly. They have to file annually regardless chemistfrog 05/04/11 09:31:31 AM
#318   I would agree with this. Filings hit tenpiner 05/04/11 09:22:17 AM
#317   Okay, information on the temporary trading suspension: chemistfrog 05/03/11 10:15:29 PM
#316   Yep just a bump in the road. Patience EZmoneyED 05/03/11 07:43:47 PM
#315   Well GWAY hadn't filed since 04 and it hdsstocks 05/03/11 06:35:48 PM
#314   Probably right. Not holding a large position here EZmoneyED 05/03/11 06:30:00 PM
#313   Unless they're on Grey Sheets.... lol hdsstocks 05/03/11 06:26:02 PM
#312   Well this is annoying I guess Ill just EZmoneyED 05/03/11 06:17:41 PM
#311   they haven't filed since 08 and you are lucky,mydog 05/03/11 04:41:59 PM
#310   HDOG GNXE was suspended, you see that? hdsstocks 05/03/11 01:51:12 PM
#309   Wow, I did not see this coming. hdsstocks 05/03/11 01:50:47 PM
#308   You might forward him a posting: chemistfrog 05/03/11 01:03:17 PM
#307   I have an email in to him as well. tenpiner 05/03/11 11:29:56 AM
#306   I recommend everybody with interest in the security chemistfrog 05/03/11 11:21:48 AM
#305   1. we cant sell now .. 2. it iheartmoney 05/03/11 10:48:26 AM
#304   ?? tenpiner 05/03/11 10:41:54 AM
#302   in 2 weeks this sadly will be trading iheartmoney 05/03/11 10:33:10 AM
#301   See ya all back here in two weeks. tenpiner 05/03/11 10:30:43 AM
#300   Well ain't dat a bitch tenpiner 05/03/11 09:56:28 AM
#299   GNXE : SEC Suspension : Renee 05/03/11 09:35:30 AM
#298   Yep almost party time. EZmoneyED 05/02/11 04:18:25 PM
#297   I agree hd! Somebody's doing some slow chemistfrog 05/02/11 04:07:48 PM
#296   Will be buying more tomorrow, I think a hdsstocks 05/02/11 02:27:34 PM
#295   Great! I'm glad they've finally quit dumping shares....or Justified 04/29/11 05:26:22 PM
#294   Guys/gals! Those of us who have been chemistfrog 04/29/11 03:48:07 PM
#293   More volume! hdsstocks 04/29/11 03:44:03 PM
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