InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
CansoSpaceMan Free
12/27/10 5:52 PM
profile icon
CansoSpaceMan Free
12/23/10 4:08 PM
profile icon
CansoSpaceMan Free
12/23/10 4:04 PM

XRM Global (XRMGF) RSS Feed

Followers
0
Posters
1
Posts (Today)
0
Posts (Total)
3
Created
12/23/10
Type
Free
Moderators

These guys were at about 80 cents, and did a 65 cent placement not long ago. They started restructuring and fell to a penny on not a lot of volume and now someone is buying and the stock is up but oddly enough not much is for sale. I found this news item explaining they are working on a deal. It could be nothing and this thing could just delist next week, but I thought you may find it interesting.

XRM Global plans to settle debt, arrange financing

2010-12-09 08:37 ET - News Release

 

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Mr. Gary Bartholomew reports

XRM GLOBAL INC.'S ANNOUNCES STRATEGIC ALTERNATIVE UPDATE

XRM Global Inc. announced in Stockwatch on Oct. 25, 2010, and on Nov. 12, 2010, that due to an inability to raise additional capital to finance its strategic plan, the company was suspending certain of its operations effective immediately. The company further advised that it was also investigating strategic alternatives and partnerships in continuing to pursue its strategic plan with the goal of resuming all operations. The company wishes to announce management's activities since those announcements.

The company has two principal assets being the company's intellectual property and the company's listing on the TSX Venture Exchange. Management has identified a number of parties interested in acquiring each of these assets.

Management has also drafted a plan to restructure the balance sheet of the company. The plan has two main components. First, the plan consists of the settlement of amounts owing to creditors and the acceptance, by creditors, of the settlement. The settlements will consist of all cash or a combination of cash and shares of XRM equalling the total outstanding amount. Second, the plan consists of completing a non-brokered private placement of up to a maximum of $500,000. The offering will be subject to all necessary regulatory approvals and the acceptance, by the company's creditors, of the plan.

The remainder is available to Stockwatch subscribers. Click the yellow link above for a free trial subscription.


XRMGF Latest News
  • No Recent News Available for this company!
New Post