Xfuels Inc (XFLS)

[Farmboynate]

It was Andreas Roussos but he appears to have just been a fall guy goat for Mike

[63Riviera]

Who is the new CEO?

[Farmboynate]

I don't think there is potential to convert notes, sell, and dilute XFLS since that was all suppose to be moved to AMIH with Mike
but who knows I'll most likely just move on and take the 30K loss when I see the need to take it. I hope Mike ends up in Jail but unless someone with $$$ has the $$ to take him to court I doubt he will...

[Clean]

It does matter if this ticker can't trade in Canada... If a company is involved in fraud or securities abuse, then it is required the go through a much more complicated process to get listed and become tradable again. Even if Canadian restriction wasn't enough ( which in many cases it is), both BF Borgers (Lakewood, CO) and Brad Hare/Mammoth West (Illinois) committed fraud in US jurisdiction with their involvement in XFLS.

With Biden enacting 15c2-11 regulations, a "211 review" process is required before XFLS can become compliant and tradable again. Therefore it is unlikely that an outside entity will seek a reverse merger with XFLS. There are many other ticker better suited for this type of activity. If I understand the review process correctly, the current CEO, Andreas Roussos will need to be involved. In my opinion he is our only real chance at getting anything moving.

Yes, Michal Mclaren is a POS, and scammed us. But, in regard to our money, he is irrelevant. Any involvement by him would just make matters worse, it's best if XFLS completely washes their hands of him. We won't know if this is true until Roussos decides to do something and file something. This is why we will be here for years. Roussos would be dumb to let all the fraudsters out. If he were to keep filing the necessary paperwork and get this ticker trading again... Then, the nefarious actors would have the potential to convert notes, sell, and dilute XFLS to the max. As of now, there is no volume and the fraudsters are trapped with whatever shares they have left in their inventory.

November (2024) marks the last of the legal action. So far, Mike and his family have had to give up their shares. Brad Hare/Mammoth West have had to forfeit their shares as well. These actions are good for us. And... As the dust settles, maybe one day Roussos will file some paperwork.

I know you call Roussos a "fall guy" but a fall guy takes the fall... Right now, I don't see any action being taken towards him and I can't find evidence of wrong doing. It does seem he is still involved in doing business and at one point partnered with Fidelity.
https://www.prnewswire.com/news-releases/point-nine-a-cyprus-based-regtech-firm-partners-with-fis-a-listed-fortune-500-company-301432715.html

Only time will tell if Roussos is legit.



Michael Mclaren - Fraud = https://www.newswire.ca/news-releases/xfuels-inc-and-its-president-and-ceo-michael-mclaren-settle-with-the-asc-for-breaching-cease-trade-order-896902515.html

BF Borgers - Fraud = https://www.sec.gov/newsroom/press-releases/2024-51

Mammoth West - Securities Violations = https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26181#:~:text=The%20Securities%20and%20Exchange%20Commission,the%20SEC%20as%20securities%20dealers

[Farmboynate]

Nobody even knows where the NEW CEO is or The old CEO for that matter, Someone could easily take control of this and clean it up, doesn't matter if it can't trade in Canada currently but Mike is prob off on some tropic island with all the $$$ he scammed from us and the ceo that took over did so just to be the fall guy...

[Clean]

OS Reduction???

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26181#:~:text=The%20Securities%20and%20Exchange%20Commission,the%20SEC%20as%20securities%20dealers.

We will still be here for years, but this is positive for share structure.
Wonder How many shares here will actually be cancelled?

[papadon]

The real culprit is Charles Iggulden....

[Farmboynate]

Someone needs to file for custodianship of this Don't think you'd have a problem getting court to rule you control of it and its not as hard as one thinks to get off expert market... with the crap Mike Pulled setting up a fall guy to fake taking control of it so he could jump ship and take all assets with him would easily get you control.. Mike belongs in Jail and banned from the markets for life

[M-Fondu]

It's really a shame what happened here. Hopefully one day someone will pick up the ticker and run it.

[Monroe1]

Ugandan military conscripted him and he is now in Haiti trying to restore order.

[papadon]

and charles iggulden

[papadon]

he ran away to africa , possibly to evade lawsuits and court decisions.

[Farmboynate]

prob sitting on some Tropical island with Mike and that Fake CEO mike installed here see what mike did to AMIH shareholders? its now expert markets too his Last PR to them was about going to major exchange before taking all their $$$ and running it looks like, same thing he did here said going to OTCQB then screwed us over royally, Someone should file to take Custodianship of this and get us rolled out in to something legit, the SS is better then most OTC companies and its not super hard to get off expertmarkets

[63Riviera]

Where is Charles Iggulden in all this and how does Infinity fit in? I can’t find any information.

[Farmboynate]

No idea I'd guess Mike sold it all off and took the $$ for himself but really nobody has a clue that scammer needs to be put in jail

[Radar02]

We owned property in Canada, we had several pieces of machinery, what happened to all of that?

[Farmboynate]

When Mike first turned it over to him I reached out a few times his reply that something was coming and it would all be public but that was a load of bs just to keep people from going after mike since as you can see nothing ever happened and the Nevada SOS still shows mike as part of this as well as the OTCM still shows mike part of it and the New guy was never added to the Nevada SOS... the New guy won't reply to anything anymore he was just a fall guy for mike is what it sure looks like it, If Mike was Moving to TX He no longer needed to give a flying fart what Canada said so he had no need to move all of it to a New ticker but he did. and then screwed those guys over...

[M-Fondu]

My friend, if that was the case all the OTC CEO's would be in jail. There wouldn't be an OTC. I learned, mainly from X that there's maybe 1% of real tickers in this market. These CEO's raise money through tickers and abandon them. They cause a run through their debt holders and then the debt holders who hold the largest amount sell off and drive the company back down. The CEO's know what they're doing. The note holders know what they're doing. The OTC is essentially a big Wall Street scam that you need to be in and out at the right time. A lot of us have a shit ton of dead money tied to this one thinking Mike was being truthful with us... He ended up just like the rest. He's not going to jail in Canada or America. He won, we lost. We either move on. Or hope one day someone comes into this ticker and runs it... It is possible, heck I held one for 5 years as a dead ticker and it ran again...

I know not a lot of people are checking this board, but has anyone reached out to the guy Mike gave the ticker too? Does he even still own it? I have been gone a while and not paid any mind considering where we still are.

[Farmboynate]

How do we get Mike put behind bars? if he's in TX now should be a lot easier going after him for scamming us all.

[Farmboynate]

looks like pos Mike screwed AMIH too dunno why the SEC doesn't ban him from the markets and charge him with fraud..

[Farmboynate]

the SEC needs to shut down Mike and Andraus needs to be taken down with him since he was 100% the fall guy seeing how he has done nothing...

[63Riviera]

Were you ever able to contact Charles Iggulden? Can you email me? [e-mail]

[Farmboynate]

anyone started a class action lawsuit against Mike and his fall guy?

[Farmboynate]

Guess Mike got away with scamming us all seriously was hoping someone would get a classaction lawsuit started against the Criminal, and the SEC would throw him in jail

[Huggy Bear]

Unknown. The number was written on the wall.

[Radar02]

What is the area code?

[M-Fondu]

He turned out to be like every other OTC CEO. Unfortunate. He will drive the other ticker down like he did this. It's all for them to raise money. No penny stock is worth riding ever. Thought X had a chance a year+ ago and then the writing was on the wall he was just as crooked as the rest. The only hope anyone here has is one day this thing gets ran on a pump.

[Farmboynate]

I see POS mike got AMIH delisted from the OTCQB and now talking about getting it uplisted to a big exchange, he's also increased their A.S to 2 billion... Looks like the guy he had take over this was just fall guy for him.. Wish people would start a class action lawsuit against the crook, and get the SEC to shut him down

[Farmboynate]

good luck getting anyone the new ceo appear he was nothing more then a fall guy for Mike's criminal activities

[louky]

867-5309

[Radar02]

Does anyone have a phone number for the company?

[Radar02]

Has anyone considered a law suit?

[Farmboynate]

wish the SEC would go after Mike.. Andrew also seams to be 100% just a scrap goat for Mike... screw us all royally

[Radar02]

Did Mike take most of the equipment on his way out? Is there any employees still working? Is there anything left?

[TheGuy87]

You can shut your mouth, nobody has lost more money on this venture than me. I’ve got plenty of receipts

[Farmboynate]

he's just a much a bag holder as us all and also from what I heard Mike never paid him for countless hours of work he did for him in TX

[ttubular]

He moved on n left us the bag that he was pumping hard

[DayofReckoning]

Damn that’s unfortunate ..he sent me a PM I will respond to him during happy hour

[Farmboynate]

I think working his butt off to take care of his family since Mike Screwed him and all of us over, though him more then us since he moved his whole life to work for mike then never got paid...

[DayofReckoning]

what happened to that oil man "theguy87" poster..

[Farmboynate]

RIP XFLS Looks like New CEO was Just the fall guy for mike wish a large shareholder could start a classaction lawsuit against Mike and get him perm banned from the markets and thrown in Jail dude is a pos that doesn't seam to care about anyone but himself and his greed

[Farmboynate]

That's the thing I was telling people, he claims he couldn't be a CEo or director of this anymore because of the trouble he got in with Canada but why does Canada matter if he was moving to TX since its not Canada he could be CEO of this still but ya instead he wants to screw everyone over with a new ticker... and leave us all in the dust... guessing the new CEO is a dead beat that Mike owed money to or something and was like here's you a shell, but didn't explain to him that he wasn't current on filings and all the other jazz...

[helpus]

he basically ground funded this scam and thought ill go to texas were i can start fresh with other peoples investment crooks

[Ellington]

The bottom line seems to be that what was done was done legally and that the company is worth nothing and always will be.

Is there any reason to think otherwise?

[Gman377]

100% 100%. Mike is a crook. That’s what that was supposed to say.

[Gman377]

?????? Mike is a crook.

[MU_Redskin1]

Waiting for “ROUSSOS THE MAGNIFICENT” to pull a rabbit out of his a$$ and save distressed shareholders and the company!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171507890&txt2find=Roussos

Really nothing else we can do but wait it out! What the hell is Charlles Iggulden doing to help the company these days? Anybody contact him!? He seems to be hiding too ... Mike’s buddy!

GLTA XFLS!

Cheers, Red

[helpus]

im in for lawsuit

[Clean]

And get what? The company that is now XFLS has zero assets. No business operations. And many of the officers responsible are no longer with XFLS. I have no idea how but going after Mike and AMIH would prove more fruitful, and even then, those assets wouldn’t come close to covering losses.

We could still file, but ya cant get meat from a rotten carcass…. So i dunno…

[bazzinga]

All of the shareholders that got ripped off should get together and file a lawsuit against the company and officers.