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Matthews Knowles is mad? Ahhhhh. He is part of a company that has not made an update since early 2020 (before SARs was known) You know, when supposedly good people fled without an explanation. Good People don't flee. Mediocre people would flee but saying why. Guess what type of people just leave suckers hanging.
So I am really, really sorry that we hurt Knowles' feelings. But without a clue where this company is going, why wouldn't people try to get some money out by putting up Millions of their shares. I haven't. But I'm not going to blame people for trying.
Tell Mr T and Mr K in whatever attic they live in, that a good way to get past .0001/2 is to actually act like a company with a plan and maybe let the rest of us in on it.
What he does with his money is his business and pinks are brutal.
But he has been telling others what to do with comments that he does not back up.
That's different
Re: Wei Tian as Scam Artist
When I asked for a Link to the Scam Artist Claim, I was given a link to his biography on Public Filings which seems pretty straight forward. All the Board's DD hasn't turned up much and not a whiff of the scam claim.
But the claim is now being constantly repeated by people who say they are just being honest.
An honest person would back up the claim.
LOL. Now there is a stocking stuffer
To you, how many shares does 93% of fully diluted Xmet shares equal?
Yep.I put up the definition from the dictionary.
Always assumed it meant everything in the pot. If a guy has 93% of fully diluted shares, he has 93% of the company and its capital. Don't know what else it could mean
Not sure were this is headed, but I am sure Wei Tian (or his assignee) will have 93% of it.
Fully diluted--- Definition: Fully Diluted Shares are the total number of common shares of a company that will be outstanding and available to trade on the open market after all possible sources of conversion, such as convertible bonds and employee stock options, are exercised.
From the Public Filing:
As a result, the Purchaser became an approximately 93% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholde
"As a result, the Purchaser became an approximately 93% holder of the 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."
This seems to say he has not the equivalent of 10B Shares voting rights but 93% of the voting rights and share capital through the preferred shares.
Am I reading it wrong?
The assumption on the Board, which I share, is that the new owner is setting up the company for a firm who is looking to get into the American Market. Since the area from which the new owner comes is a High Tech area, that is the basis for the speculation.
But nothing is certain other than a guy doesn't hand over 1/4 of a million to do nothing.
Patience is a virtue LOL
A mid-level security analyst shows up and hands over 1/4-million. I actually bought some more on that. Not much because Dec has its other expenses.
But there is a good possibility that he is buying for someone and I want to find out who that someone is.
So Best Case:
Wei Tian is a security and risk guy sent here to set up the first step to a bring in a Chinese Tech and/or car company into the US Market.
Worst Case
Wei Tian got tired of Risk Management and we are part of his private "Grand Adventure"
Whichever, a man who looks at everything with an eye to balanced risk does not hand over 1/4-million for nothing.
That's the only answer I can come up with, but it is only a guess.
Wei Tian may not be John Smith but common enough.
Also, he paid cash for Xmet which makes backtracking there a non starter.
But why would a guy who spent his entire Career in the Asian Market (China Securities Co, Morgan Stanley, Deutsche Bank, Hongkong and Shanghai Banking Corporation) working on risk management and securities, pay cash for control of a pink stock in the US?
I hope the answer to that will prove rewarding. We will see.
Two links but can't find any direct connection
https://in.reuters.com/finance/stocks/officer-profile/2789.HK/3097636
https://www.chinadaily.com.cn/kindle/2012-07/04/content_15547116.htm
I can't find anything on the new owner other than the Biography provided in the Notification of his buying the company.
His occupations has been around financing and research.
There is a similar name for a Chinese Tech publication Writer talking about IPOs but I can't find any direct connection to the new owner. The reason why I started looking is because GreekSeas0ning called the new owner a scam artist. But I can see nothing more than the new owner as a finance and research guy. Honest? Hope so, but that remains to be seen.
Houston, we have a problem.
That could make him President of Goldman Sachs.
I am not crazy about someone from China showing up here, and have no idea what is next. This stock is starting to make me twitchy. But subprime derivatives were being pushed out the door of every financial institution in the world. Rubin was even doing it.
As for doing my own DD I will, and have. But when someone claims they only post facts I figure I can ask them to back up that statement. Sorry, I won't bother again.
Well, good luck to you. No doubt you will sell (or have) sold your xmet stock and will move on.
You said you only post facts. Could you link to show the fact that he is a scam artist.
Could you link to your saying he is a scam artist?
As a result, the Purchaser became an approximately 93% holder of the 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.
Of what 100% does the new owner have 93%
Monday was to be interesting. I didn't think like this.
With more guessing on what is next, we stay at a price reflecting uncertainty. So onto the next date while trolls keeping pushing the button on not being sure what is next.
we won’t know til we know,
Is one of those sayings that make perfect sense to which few listen
I bought for a merger and will stay for the merger.
But final share structure will tell us a lot about some of the posters on the Board
Monday got interesting
People now just waiting I guess.
GLTA
A) I am confused on where this is at
B) Ain't selling and am going no where.
C) Now I really want to see what company is looking at this shell. And when I say see, I mean with my shares and probably more.
The moment you link to one of the complaints you have made to "that agency in New York."
(PS. I was obviously being facetious as I know only what the company has announced which was 10 months ago about Jamaica. Now either that was--- to put it politely, a mistake--- or the local product has made them into lotus eaters.)
Let's hope it is that BNGI is working with a company that can cure SARs with a Cannabis Treatment which can only come from Cannabis Farms owned by BNGI
Slow day. But there has to be at least one more 'shake the tree day' before Court, wouldn't you think?
Tomorrow or Friday>
This really is a stock of fear vs greed.
Well. I'm in the Greed Party
Another day older and deeper in xmet.
GLTA
Full Court Press against XMet today, I see.
The more they beat down, the tighter I am holding
Climbing the Stairway to.....heaven
Or at least a great stock price.
Like it--- and the Door's tune
Made the scene
Week to week
Day to day
Hour to hour
I'll take the money
but wish I knew why
Break on through to the other side
Break on through to the other side
Break on through
Break on through
Break on through
Break on through
Yeah, yeah, yeah, yeah
Yeah, yeah, yeah, yeah, yeah
Snuck in my own lyrics.
Looks good. Look better if I knew what was going on
Good day and a day closer.
Both reasons to have a good weekend
GLTA
Seems to be info on this stock. Maybe they could it put it on their website--- if they had one. Come on.