Gener8Xion Entertainment, Inc. (fka GNXE)

[Puggles]

Has anyone heard about a class action lawsuit on this?

[RockSexton]

Has HDOG commented on this at all?

[EZmoneyED]

Might as well tuck these away and hope a few years down the road the company will decide its time to regain compliance and do the right thing for the shareholders.

Ed

[chemistfrog]

I'm sorry, but it's over with guys. The company has essentially told shareholders "we're not interested in your interests, and you're outta' luck". I'm not certain yet if we'll hear of a class-action lawsuit about this. If you do, please post here. Ron Heineman and Matthew Crouch think they're too important to deal with little things like SEC filings and shareholders. Also, for those in here that are shareholders, please post and let everybody know of a venue by which they can sell their shares through "private transactions". Good luck, and I'm sorry this "Christian" Movie producer has opted to take this course of action and disregard its obligations to its shareholders. I'll remain as moderator of the board for the interim, but I realize unless there's a class action lawsuit or an agreement with the company about the sell of its shares there is nothing to really talk about.

Good luck, and please feel free to contact me directly whenever you please and additionally follow me on Seeking Alpha and Twitter.

Best Regards,
Chemistfrog

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

[cici]

It means it is done and is now a write-off for you....

[tenpiner]

In dumb people terms this means.......

[Renee]

GNXE : Revoked .

http://www.sec.gov/litigation/admin/2011/34-64517.pdf

[chemistfrog]

I'm not the most optimistic about this either, but hopefully I'll get surprised. IT JUST SEEMS SO ODD THAT THE VOLUME IN BUYS WENT UP SO DRAMATICALLY THE TWO WEEKS BEFORE THE TRADING HALT!

GLTA!

[iheartmoney]

i hope i am wrong

[EZmoneyED]

You may be right Im just hoping but Im okay if it doesnt Ill just write it off against my gains this year.

[iheartmoney]

with all respect i disagree .... companies rarely make it out of the greys ...but time will tell!

[EZmoneyED]

I think in the long run things will work out well here but right now it looks like the company is not concerned with the stock price but maybe they are working on something behind the scenes to change all of this. Glad Im only in on this with a small amount. Good example of why you should not put all your eggs in one basket. You never know what can happen especially in speculative stocks.

[iheartmoney]

does not look good:
http://otcbb.com/asp/THSearch.asp?searchby=s&Symbol=gnxe&BeginDate=mm%2Fdd%2Fyy&EndDate=mm%2Fdd%2Fyy&rSearchBy=1&image1.x=0&image1.y=0


H10 Trading Halt - SEC Trading Suspension .
The Securities and Exchange Commission has suspended trading in the security until further notice .

[chemistfrog]

I tried today on TD Ameritrade, but it wouldn't let me place the order. I'll try to call them tomorrow and see what the deal is if I have the same problem in the a.m. $2.00 PPS sell price?? hehe..

[iheartmoney]

u place an order to buy or sell at a random price and hope there is someone on the other end...

[chemistfrog]

How does one buy and sell stocks traded in the greys?

[iheartmoney]

it probably is trading on the greys ... there will be no bid or ask ....

[tenpiner]

I have racked my brain over the same exact thing...

[chemistfrog]

Yup.... still nothing and no trading..

I wonder why the increased buys in the last two weeks before the suspension??

[EZmoneyED]

Yep. Might be in for quite a wait here.

[tenpiner]

**Crickets**

[EZmoneyED]

Well monday is right around the corner bracing myself lol.

[EZmoneyED]

Im curious to see what happens too. The turnaround man needs to get this thing moving.

[chemistfrog]

Per the sticky note, trading will resume on GNXE next Monday, May 16th. Let's see what's happening when it goes back online....

[chemistfrog]

Exactly. They have to file annually regardless of their pink sheets status and didn't do so for whatever reason. They're a movie producing company, but they are publicly-traded and must realize that they're obligated to the SEC and shareholders.

I'm still long GNXE and looking forward to a great 2011!!

CF

[tenpiner]

I would agree with this. Filings hit and all is good imo...it's NOT a SPNG deal at all...totally different ballgame.

[chemistfrog]

Okay, information on the temporary trading suspension:

Please note, our new "turnaround specialist", Mr. Ron Heineman, doesn't appear to be doing very much for the company. Of course, we have to make assumptions because there are no press releases from the company and he won't answer questions while constantly stating SEC rules and regulations saying he really can't say anything because of them, but he can't keep the company's filings up to date and allows the security trading to be suspended?!

http://www.sec.gov/litigation/suspensions/2011/34-64378-o.pdf

It appears to the Securities and Exchange Commission that there is a lack of current and
accurate information concerning the securities of Gener8xion Entertainment, Inc. because it has
not filed any periodic reports since the period ended April 30, 2008.

The Commission is of the opinion that the public interest and the protection of investors
require a suspension of trading in the securities of the above-listed companies. Therefore, it is
ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the
securities of the above-listed companies is suspended for the period from 9:30 a.m. EDT on May
3, 2011, through 11:59 p.m. EDT on May 16, 2011.
By the Commission.
Elizabeth M. Murphy
Secretar

[EZmoneyED]

Yep just a bump in the road. Patience is required to make money here.

[hdsstocks]

Well GWAY hadn't filed since 04 and it one day all of a sudden filed and was fine! Check DECO, same story, still around, I can name about 50...

[EZmoneyED]

Probably right. Not holding a large position here so if Ill just wait a while longer worst case is Ill use this one to offset my gains at the end of the year lol.

[hdsstocks]

Unless they're on Grey Sheets.... lol

[EZmoneyED]

Well this is annoying I guess Ill just have to average down when trading resumes since this may drop big now.

[lucky, mydog]

they haven't filed since 08 and you are surprised? imagine that.

[hdsstocks]

HDOG GNXE was suspended, you see that?

[hdsstocks]

Wow, I did not see this coming.

[chemistfrog]

You might forward him a posting:

http://seekingalpha.com/instablog/399559-chemistfrog/125386-waiting-on-update-from-gener8xions-ron-heineman

LOL!

[tenpiner]

I have an email in to him as well.

[chemistfrog]

I recommend everybody with interest in the security to call them and speak to either the president or CEO. Ron Heineman, the CEO, pretends to be SEC conscious but apparently doesn't have much interest in keeping shareholders (the real owners of the company) updated OR EVEN THE SEC UPDATED. I already have an email in to Mr. Heineman but will additionally call later. The need to update us and the SEC ASAP.

Ron's email is following, but I wouldn't stop with him as he will likely be of no real help to shareholders per my past communications with him.

[e-mail]

[iheartmoney]

1. we cant sell now .. 2. it will be on the greys until they get an MM to sponsor them...

"Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspensions, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of these companies that have been subject to trading suspensions until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at [phone]. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action."

[tenpiner]

??

[iheartmoney]

in 2 weeks this sadly will be trading on the greys .....

[tenpiner]

See ya all back here in two weeks.

[tenpiner]

Well ain't dat a bitch

[Renee]

GNXE : SEC Suspension :

http://www.sec.gov/litigation/suspensions/2011/34-64378.pdf

http://www.sec.gov/litigation/admin.shtml

4.Gener8xion Entertainment, Inc. (“GNXE”) (CIK No. 803034) is a void Delaware corporation located in Hollywood, California with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). GNXE is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-QSB for the period ended April 30, 2008, which reported a net loss of $1,706,449 for the prior six months. As of April 26, 2011, the common stock of GNXE was quoted on OTC Link, had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

B. DELINQUENT PERIODIC FILINGS

9.As discussed in more detail above, all of the Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.

10. Exchange Act Section 13(a) and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports, and Rule 13a-13 requires issuers to file quarterly reports.

11.As a result of the foregoing, Respondents failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.

III.

In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine:

A. Whether the allegations contained in Section II hereof are true and, in connection therewith, to afford the Respondents an opportunity to establish any defenses to such allegations; and,

B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents.

IV.

IT IS HEREBY ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed, and before an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission’s Rules of Practice [17 C.F.R. § 201.110].

IT IS HEREBY FURTHER ORDERED that Respondents shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)].
If Respondents fail to file the directed Answers, or fail to appear at a hearing after being duly notified, the Respondents, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of any Respondents, may be deemed in default and the proceedings may be determined against it upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission’s Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310].
This Order shall be served forthwith upon Respondents personally or by certified, registered, or Express Mail, or by other means permitted by the Commission Rules of Practice.

IT IS FURTHER ORDERED that the Administrative Law Judge shall issue an initial decision no later than 120 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission’s Rules of Practice [17 C.F.R. § 201.360(a)(2)].

4 In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice. Since this proceeding is not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action.

By the Commission.
Elizabeth M. Murphy Secretary

[EZmoneyED]

Yep almost party time.

[chemistfrog]

I agree hd! Somebody's doing some slow accumulation to prevent PPS increase. I think we're all about to get very excited!

Good luck!

[hdsstocks]

Will be buying more tomorrow, I think a big move is coming soon

[Justified]

Great! I'm glad they've finally quit dumping shares....or have they?

Have a great weekend

[chemistfrog]

Guys/gals! Those of us who have been patiently holding will soon get rewarded..... :)

Have a great weekend!

[hdsstocks]

More volume!