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That’s funny. Every time I’ve experienced a Reverse Split, there is a 40$ fee from my brokerage, then the stock value drops right off a cliff. Maybe sell, then buy back in after the dilution has settled the new low. That’s just my opinion though; and, it’s my opinion too, so don’t go stealing it.
=M=
I only have 200k shares not like many others here that say they are in the millions i didnt want to risk too much on something new
A reverse split imo is a great thing. They have sooooo many shares outstanding it would be very difficult for this stock to move higher. Yeah it sucks your share amount is reduced but all those shares are useless if the stock never moves.
I don’t know the R/S date however
We’ll see in next few days...
So is this a bad thing for us a R/S ?
I am still learning this market
Any advice is appreciated
Come on let’s go $XSNX... waiting for a long time... looks like time is approaching...
They only have 2B shares. Why a 1000 R/S? Question? Once they purchase the item. Do you think they will dilute there share count after?
XSNX is gonna be HUGE!! Penny Land is due any time now.
Innovest Global Enters into Agreement for the Sale of StemVax Therapeutics to XsunX, Inc.
XSNX
--- The sale of StemVax is pending a 1-for-1,000 reverse stock split of XsunX's outstanding shares of common stock and company name change from "XsunX, Inc." to "NovAccess Global Inc." ----
https://marketwirenews.com/news-releases/innovest-global-enters-into-agreement-for-the-sale-o-4915356646655116.html?i=ib
News: $XSNX Innovest Global Enters into Agreement for the Sale of StemVax Therapeutics to XsunX, Inc.
StemVax Public Spinoff Complete Upon Completion of Reverse Stock Split; Transaction to Notably Strengthen Innovest Global Balance Sheet CLEVELAND, OH / ACCESSWIRE / August 11, 2020 / Innovest Global Inc. (OTCPINK:IVST), a diversified industrials company, today announced it has entered i...
Read the whole news XSNX - Innovest Global Enters into Agreement for the Sale of StemVax Therapeutics to XsunX, Inc.
I read they have to get financing to buy it. until then they are running the solar business. as I understand it
So let me get this straight. A biotec company is buying xsunx. The 1000/1 Reverse Split is cancelled. Is the biotech deal cancelled as well? Where is all of this information being posted? Thanks.
Your 7m shares are about to become 7,000 and it will be harder to make a hefty profit. With the 7m shares if by some miracle the price had a bump to a penny you would have $70,000 -- with the split the price would have to go to $10 to get that $70,000.
i have 7m shares be nice to see something happen after all these years i think i 1st bought into this company like 2002 or something.
cause the biotech guy wanted a cheep public company without all the work of making one. seems to happen a lot. they get the company change the name. quick and easy i would think tomi went from energy drink to oil and gas to venues. i think that happened 2x with that company.
Does anyone have any ideas why a biotechnology company would buy or merge with a solar company. Tom must be getting or seeing more for his and his director's shares than cash, a mere $50,000 as I read it for his preferred stock.
Possibly but it's a definite gamble.
wouldn't now be the time to load up ? can't get much cheeper
Most of the volume now is with the market makers and day traders -- not too many people want to load up now until things get settled.
ok so why is there not much volume, best to wait?
It is going to be a 1000 - 1 negative split so if you divide 4000 by 1000 what do you get.
I think its 4000-1000 durrrr
So 4,000 of your old shares become 4 shares of the new.
So from what I'm reading, XSNX has become a vehicle to acquire biotechnology companies while still selling solar systems. OK! What's next. So four of my old shares for one of the new XSNX and hopefully a way to legitimately increase their value. Wow can I hope to get even and perhaps be rewarded for hanging in there for six years. Those long-term investments are the way to go.
4.4 Reverse Stock Split and Name Change. As soon as reasonably possible after the Closing Date, but in no event more than 90 days after the Closing Date, Buyer will cause XsunX to execute all documents and take all action which are necessary or appropriate in order to cause XsunX to amend its Articles of Incorporation in order to effect a 1-for-1,000 reverse stock split of XsunX’s issued and outstanding common stock (the “Stock Split”), including but not limited to executing and recording Articles of Amendment with the Colorado Secretary of State upon satisfaction by XsunX of all applicable filing and notification requirements of the Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority (“FINRA”). Buyer will cause XsunX to prepare and file with the SEC or FINRA, as the case may be, the following documents to effect the transactions contemplated by this Agreement: (i) Schedule 14C covering Buyer’s actions to authorize and direct the Stock Split and Name Change; and (ii) required notice to FINRA. Buyer will effectuate the Stock Split and Name Change before XsunX acquires the StemVax Business as provided for in Section 3.3 above.
So these solar companies mergers? will any of this residental solar busiuness in California fall in the lap of XSUNX, jan 2020 all new houses must have solar, why is there not postings on the monthly or quarterly sales figures from the residental side of this company. everyone else seems to be on the band wagon
So does anyone understand what is happening here. There is going to be a reverse split and then what. Is the company being sold, merged or what, and what's in it for us.
Been going down longer than that! Lol I’ve owned it since ‘06..??
There is a glimmer of hope imho with the change in focus... so for now what’s another decade or two to wait ?? Lol
This company is nothing but smoke and mirrors. They will clean your wallet out. This has been going down in share price for the last 6 years.
It will be great to see it at .30.... Lolol .. can’t believe I’m even saying that!! Lol
Agree; the filing says they expect to have a r/s..... we need the final decision... do it quickly...
We need that reverse split bad ...our undercarriage is skimming the tree tops man!! ??
There are never any guarantees in life...??... that was my profound statement of the day! Lol
There can be no guarantees that the sale will close as expected, that a new management team will be appointed, or that the Company will successfully refocus its business on biotechnology.
Anyone know when the 1 for 1000 split is? I might load afterwards
@lurker.
What is your average buy ?
I too hope things work out as proposed -- stand a better chance of getting some of my money back. I still will be in the red for years but at least have a chance of recouping some of my investment if things work out.
Hope they have the 1/1000 reverse stock split sooner than later. .0003 is ridiculous. It will never move with so many outstanding shares
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Contact Information
XsunX, Inc.
65 Enterprise
Aliso Viejo, CA 92656
Tel 949-330-8060
Fax 949-330-8061
Investor Relations
888-797-4527
Issued & Outstanding
2,000,000,000 authorized common shares
As of January 4, 2019, there were 1,521,097,230 shares of the registrant’s company common voting stock outstanding.
(Annual Report (10-k) - 01/07/2019)
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