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Handling a quiet period real well.
Well done, xmet
Thanks again,
PS
Go Keep going xxmet
Back when certain people were claiming that Wei Tian was a scam artist--- without any proof.
SEC throws out non compliant Pinks.
"Rule 15c2-11 requires that the company have current public information available before the market maker can quote the security."
Which means a lot of dead Pinks will vanish from view. There are exceptions and implementation is later this year (Sept, I think).
I got into one called Xmet. First time, but it may do okay. It is hard to see the truth through the Sugar Rush High posters. But I think it will do well. So I thought about my account's losers. But as I said, if it ain't clean, it doesn't matter.
If it isn't clean it doesn't matter.
Just the old CUSIP #. Not one of my better picks.
But I thought I would mention the use it or lose it SEC rule.
Yep. But if the ownership wants to recover any money out of it, they get 9 months to sell it as a shell.
Nothing left after that. I guess clean shells go for around $150 k.
Nine months to do something or this is gone.
Nine months to do something or this is gone.
When two's showed up I put some 100000 blocks out and they were soaked up almost immediately.
So let's hope for a better 2021 \
Happy New Year
Not bad not bad at all.
2021--- Xmet
Happy New Year
Good day going into the end of the year.
Keep it up (and up and up)
That ought to clear things up.
Thanks.
I wonder what electing a new Board for the company would take.
There is money that was collected for the good of the company, I believe. Try to get a license in one of the new states and rescue some of this company. Just a thought.
And the new Board would be able to see the Books.
Well, January should give clarity. And clarity is needed before speculating on share reduction.
What is the share structure as you see it?
You like to put out some nonsense.
Common Shares vote. We have Common Shares.
By Laws set up sub-classifications but those are clearly defined before they are sold. There is no XMETA and XMETB markets like Google.
Ours are just Commons Shares, that's it. They vote. In the 8K, it is clearly stated that they vote (remember the 93% of voting rights FULLY DILUTED.)
I usually don't say this, but this is beginning to look desperate.
Back to work. Good on you XMET. Keep it up (as in price).
The Truth is that the company share price has behaved remarkably well. That is a Truth that some can't handle
So you have said many times. We will see.
But it is not just a shell, it is a purchased shell and I will wait to find out why.
Don't see that listed as a material event under 8K rules.
A shell that has been purchased. Not just a shell.
After he became CEO--- form 4.
But what about shares he owned before being CEO?
LOL. Hey leave me out of it. I just put myself in Tian shoes. And Pinks are not known to be kind.
Well, I've said my concern and really, really hope the float is under 1B. Believe me. And with a good company merge, it won't matter. GLTA.
"As a result " gives a lot of wiggle room for management.
I keep thinking of the unusual buying on Black Friday (Nov)
Timing is everything.
I hope you are right. Because it will mean a new zip code. But if I were Tian, I would want some.
10,000,000,000/.93 = 10,752,688,172.04
The trouble I have is that Wei Tian my have been buying shares in the open market before taking the preferred shares from the company for ownership.
So then the equation would be 10,000,000,000 + Tian Shares/.93 = ?
I don't think it will bad for us. But I don't know if and how much Tian purchased before he formerly bought the company.
Well done Xmet. Let's hope the New Year puts a Jingle in all our pockets.
Well, when we are offered a "Class A" common share for Xmet I will worry about voting rights. But ours are Ordinary, Every Day Common Shares which do have voting rights. And Preferred Shares don't. So, to complete the circle, if the new owner whats to exercise the voting rights associated with his Preferred Shares, he would need to convert them into our "all too common" Common Shares.
Investopedia
What Is Common Stock?
Common stock is a security that represents ownership in a corporation. Holders of common stock elect the board of directors and vote on corporate policies. This form of equity ownership typically yields higher rates of return long term. However, in the event of liquidation, common shareholders have rights to a company's assets only after bondholders, preferred shareholders, and other debtholders are paid in full. Common stock is reported in the stockholder's equity section of a company's balance sheet.
https://www.investopedia.com/terms/c/commonstock.asp
It's been strong. Love it
The reason why they have the alternate name "Voting Shares" is because they vote.
Preferred shares are sometimes giving voting rights on aspects of the nature of the "preference." The company can't change the nature of the Preferred Shares without the owners of that stock having a say.
But Commons Shares are voting shares when it comes to the operation of the business.
You must have a common share to have a vote. So to exercise the voting rights of the preferred shares, they would need to be converted into common shares.
I didn't ob cit it because the Board has commented on the last filing many times.
https://www.sec.gov/Archives/edgar/data/1819006/000121390020042407/ea131552-8k_xxstream.htm
As for the number, I wait for that to play out over the next several weeks.
I think it will be positive for the common shareholders as I am long, but I will wait
"... voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder."
Share Capital is the money raised by the company by the sale of both common and preferred shares. He controls 93% of the Capital and 93% of the voting rights. So whatever that number is, he has 93% of it.
Holding up nicely with lack of news. Like it
If he owns 93% of the voting rights than he owns 93% of the common shares. Common Shares can also be called voting shares. Whatever the total number of commons shares is; the new owner has 93% of them.
xmet seems to be holding up real well. After the weekend where the Board was on a Sugar high, the price didn't leap then collapse. Keep it going till we get clarity.
I'm there till there is a there there