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8.1 Billion shares up in smoke. Probably some large shareholders in there.
Tickers are assigned by FINRA. The shares of Xun Energy are cancelled forever. You're totally wiped out, sorry.
If ten years from now or two weeks from now another company is granted the same ticker perchance, the outcome is still the same.
Have to be a dunce in due diligence for any new company to request this ticker considering it's history.
There is no ticker for Xnrg on OTC site. It does show up on Scottrade with a number sign beside it.
Far as I know the symbol has been revoked.
Then what happens to the XNRG ticker? Could it be used again and if anyone has shares, it would be game on???? Or would those get wiped out. Wiped out now of course... What happens to shares if it registers again?
They'll find one. It's what serial scammers do.
Or an abandoned one. Going to need a ticker
Not with this POS. It's revoked.
They'll have to find a new shell. And probably hijack it.
Maybe they can do a 1 million for 1 Reverse split and reverse merger with Xnrg and get back in the oil business again. Woohoo! Lol
Oh great. Here comes the next fraud.
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2017%5C0811%5C10455741.tif&documentNumber=P17000067909
100 million shares? Seems kind of low. Why not start out with 5 Billion ?
Love that song
Stayin' alive, Stayin' alive! LOL!
I would provide fact but "legally I can't"
Making up businesses that produce nothing does not require a lot of work. He has lots of experience in it and can probably make one up in between naps on the beach.
Hmmmmm. Looks like he's working to me. I guess being on the beach somewhere is out of the question.
Good to have goals and a game plan... I guess.
Scammers don't give up the milk cow unless the feds shut them down.
Never too old to con more folks.
Since when has that mattered around here?
Provide confmation on his current whereabouts please.
I know exactly what he's doing . I'll let Jerry do the talking when it's the right time.
And please provide proof to back up your false accusations about my post and my opinion. thanks in advance
I said probably. But obviously you know more than I do. So I'll let you tell everyone exactly where he is. Clearly you know exactly where he must be since you say my post is false.
Always something cooking up in the background isn't there
Interesting stuff.
About the time he runs out of money. I'm sure he's worried about getting caught by the SEC after running this shenanigan. Like most of them. He set it up to have the company pay for all his travel expenses and airfare and stuff. He just has to say that trip to South America wasn't a vacation but he went to discuss terms of a deal and it didn't come to fruition and its all legal like.
https://www.lawinsider.com/contracts/fhQEbFws4BMUpWqFMELJP/xun-energy-inc/exec1117486/2012-09-04
XUN shall reimburse MIKOLAJCZYK for the preapproved cost of airfare, travel expenses and disbursements made on behalf of XUN.
Then have it set up to where you or a buddy of yours are the ones who can change policies.
4.
AUTHORIZED REPRESENTATIVES AND NOTICES: XUN and MIKOLAJCZYK shall each designate, in writing, an Authorized Representative who has authority to make changes to the scope, terms and conditions of this Agreement.
4.1For XUN:
Wayne St. Cyr, Corporate Secretary
12518 NE Airport Way,
Suite 148 No. 156,
Portland, Oregon, 97230
Phone: (775) - 200-0505
Fax: (321) 238-0141
Email: jerrygmik@aol.com
CONTRACT NO: S20120901
Wayne St. Cyr, Corporate Secretary
http://www.progroupcontracting.com/team/wayne-st-cyr
1
4.2 For MIKOLAJCZYK:
JERRY G. MIKOLAJCZYK
12518 NE Airport Way,
Suite 148 No. 156,
Portland, Oregon, 97230
Phone: (954)-604-0912
Fax: (321)-238-0141
Email: jerrygmik@aol.com
Throw in a couple of company charters and some other bull crap and you got xnrg http://www.xunenergy.com/Files/Finance_Committee_Charter_Black_b.pdf
Don’t think so TJ. He and his buddies will pop up again.
Hes probably retired in the Bahamas or somewhere out of the Country by now.
Ain’t that the truth. Many were much higher.
Right on. Even at .0001 per share it equals $800,000.00 and plenty of shares were sold way higher than that
Good question. Somebody made bank on 8 billion issued shares.
Probably one of those deals where they were waiting to get paid before they went back to get it cleaned up. And got forgotten about over time because they never got paid the rest of the money for everything. Where did the money go jerry
I spoke with him once back then when things were getting started. He seemed nice on the phone. Glad they are picking up the trash from your property.
Likely being done at the operator’s time and expense.
That Trapper is on top of things?
“wishes he had never heard of XUN ENERGY. “
He’s not the only one. I feel the same way. Lol
Jon Malice came out and picked up the pit liner that has laid up there for three years that the frac rig crew had left and put permit numbers on the well which every well is to have. I talked to him for a while very nice guy wishes he had never heard of XUN ENERGY.
They don't care about anything unless they are going to be fined for it.
Sounds like two of the infractions have been fixed...what should we
gather from this information?
sorry Badgerbob...its the B-Gees singing Stayin'Alive!
Highly unlikely, 99.9999% it won't, but Good Luck anyway.
file not found! Can you embed it?
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ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On November 15, 2016 we submitted an Offer of Settlement (the “ Offer of Settlement ” ) to the Securities and Exchange Commission (the “ SEC ” ) pursuant to Rule 240(a) of the Rules of Practice of the SEC with respect to administrative proceedings initiated against us by the SEC on November 2, 2016 (File No. 3-17659) pursuant to Section 12(j) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ” ). In the Offer of Settlement, we consented to the entry of an order by the SEC (the “ Order ” ) finding that we had failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because we had failed to file any periodic reports with the SEC since the period ended August 31, 2014 and further consented that the registration of our common stock under Section 12 of the Exchange Act be revoked pursuant to Section 12(j) of the Exchange Act.
ITEM 8.01
OTHER EVENTS
We plan to, subject to completion of adequate financing or cash flow, re-register our common stock under Section 12(g) of the Exchange Act after the May 31, 2017 fiscal year end audit is completed, expected timeframe being September 2017, barring any delays.
Plan of Operation for Remaining Fiscal Year
During the timeframe leading up to our fiscal year end of May 31, 2017, subject to adequate financing or cash flow, we plan to complete or initiate the following:
· | Close on a financing transaction that is currently in progress. |
· | Re-instate the Company in the State of Nevada. |
· | Close on two of four ULSD (Ultra Low Sulphur Diesel) physical commodity trades that are in progress with the potential to lead to a monthly demand of 60 Million gallons per month over a 12 month contract period. |
· | Close on a contemplated acquisition of land and permits for a 102 Mega Watt (MW) power project, currently in progress. |
· | Discharge our Convertible Debenture obligations through cash settlements. |
· | Discharge our obligations relating to our trade payables including the November 17, 2014 Superior Court of Connecticut, Judicial District of Danbury Order approving the voluntary Stipulation for Settlement of Claims ($1,834,935 in debt obligations) through cash payments. |
· | Change the domicile of the Company from Nevada to an as yet undetermined State. |
· | Restructure the capital stock of the Company, including but not limited to a reverse stock split. |
| |
THERE ARE NO ASSURANCES THAT THERE WILL BE A SUCCESSFUL CLOSE ON THE FINANCING, ON THE ULSD PHYSICAL COMMODITY TRADES OR ON THE ACQUISITION OF THE 102 MW POWER PROJECT. THERE CAN BE NO ASSURANCE THAT THE SALE OF THE ULSD WILL BE PROFITABLE OR THAT THE COMPANY WILL BE ABLE TO GENERATE SUFFICIENT REVENUES TO OPERATE PROFITABLY FROM THE PURCHASE AND SALE OF ULSD.
THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY CLOSE ON THE FINANCING THAT THE FINANCING WILL BE SUFFICIENT TO DISCHARGE ITS DEBT OBLIGATIONS OR BE SUFFICIENT TO GENERATE REVENUES FOR THE COMPANY.
THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY CLOSE ON THE ACQUISITION OF THE LAND AND PERMITS FOR THE 102 MW POWER PROJECT THAT THE COMPANY WILL BE SUCCESSFUL IN RAISING THE FUNDS NECESSARY TO COMPLETE THE CAPITAL COST OF THE PROJECT AND THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY BE SUCESSFUL IN RAISING THE NECESSARY FUNDS TO COMPLETE THE 102 MW POWER PROJECT, THAT THE 102 MW POWER PROJECT WILL BE ABLE TO GENERATE SUFFICIENT REVENUES TO OPERATE PROFITABLY. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: November 16, 2016
XUN ENERGY, INC.
/s/ Jerry G. Mikolajczyk
By: Jerry G. Mikolajczyk
Title: President and CEOIT HAS BEEN ALMOST 2 YEARS SINCE THIS PRESS RELEASE CAME OUT. AND THERE HAS BEEN NO DEALS OR SHARE HOLDER VALUE. BUYER BEWARE.
PORTLAND, OR--(Marketwired - December 24, 2014) - Xun Energy, Inc., (OTC PINK: XNRG) (the "Company") is pleased to announce that the Board of Directors approved the actuation of the physical commodity trades division, Xun Oil Marketing (XOM), on December 24, 2014. The Company has been researching and testing the concept over the last several months and believes it is in the best interests of the Company and its shareholders to engage the physical commodity trades market with its own proprietary and creative business model.
With the Board's approval Xun Oil Marketing begins its assignment to execute the objectives of its business model. The new division's business model is that of a Buyer and Seller of a wide range of petroleum products sourced internationally and sold to Exit Buyers. It is the task of this new division to undertake the purchase of refined petroleum products at the lowest possible price and sell at the highest; to establish long term contracts with international suppliers and creditable Buyers, primarily "Majors" (major airlines, Fedex, UPS, DHL, etc.); and to earn an exemplary reputation for industry standard delivery performance, service and flexibility. XOM will collaborate with qualified financiers to fund our refined product purchases, assemble joint ventures and partnerships with individuals and companies that can facilitate these transactions. Jerry G. Mikolajczyk, President and CEO of Xun Energy, will head the management team of XOM and says of the XOM launch, "Xun Energy has the management capabilities to guide the new division through the successful purchasing, marketing and logistics of refined petroleum products. Over several years, I have made connections and facilitated refined product sales by others. I feel it is time for the Company to capitalize on the work and expertise I've gained." He further states: "Our focus will be primarily on Aviation Jet Fuel (AJF) physical commodity trades as the demand for AJF is greater than the supply and each transaction involves large quantities. A small margin multiplied by large quantities can generate substantial cash flow for the Company in a relatively short timeframe between the time of purchase of the AJF and the sale of the AJF, a matter of hours, not days or months."
As part of its activation process, the Company will launch a dedicated website for XOM. The dedicated website, www.xunoil.com, outlines the business model and will provide performance data as physical commodity trades are completed by the Company.
"We are excited to announce our new division and the XOM web site! Here Buyers and Sellers of refined petroleum products, as well as financiers, can view information on the full range of Xun Oil Marketing objectives and its performance," says Mr. Mikolajczyk.
About Xun Energy, Inc.
Xun Energy, Inc. is an oil operating company in development stage. Its primary assets are located in Venango County, Pennsylvania, USA. Our projects are subject to completing its financing and the success of the drilling and completions program. Additional information may be found at http://www.xunenergy.com and http://www.xunoil.com
This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections, and contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production or other factors pertaining to the oil operations will be sustained at the expected rates or levels over time. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this news release, and we undertake no obligation to update this informatio
XNRG SUSPENDED AND NOW ON GREY SHEETS
http://www.otcmarkets.com/stock/XNRG/quote
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