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What 4 million lol
It’s a gamble. Honestly these shares sat for 16 years what’s little more time. Maybe this works out and I become a millionaire. Not likely but I got my lotto ticket.
Kinda sad to know only 300 people are playing this. Even I thought it was being trade much more than that.
Possible r/m but after r/s. Owner would clean up the share structure first via r/s
No actually I owe a 111 million shares. But I’ve done this long enough to see the writing on the wall in regard to a reverse coming.
Don’t add the 10 billion to the 9B Authorized shares again, they don’t get counted the same. Doesn’t matter. Putting it all aside, it’s DL that screwed us. New owner has 0 reason to keep the current share structure. R/S is coming unfortunately.
Your not using that part. The preferred shares have nothing to do with the A/S or O/S of the current shares. Preferred shares have voting rights so without adding to the current share count they issued preferred to give owner proper controlling interest
It’s in the 8-K... clearly says all shares authorized.
8,272,627,462 is 91.918 percent of 9B shares. N00b only try’s to make the math work. NO SHARES have been cancelled or are going to be. They are legal/authorized shares held by 300 shareholders.
Confirmed with TA info is as of Today.
Just reporting what I was given. Is it interesting tho.
Current as of today.
From XMETs TA as of today.
outstanding - 8,272,627,462
authorized - unlimited
approximately 300 shareholders.
The 8-K clearly states the 8b shares are authorized. They aren’t going anywhere without a r/s, you can’t cancel issued shares.
As shareholders, you would have to be in agreement with the company’s have your shares canceled. I pulled this from a company that filed for cancellation.
Cancellation of Shares. Upon the terms and subject to the conditions set forth in this Agreement, upon execution hereof, the Stockholder shall deliver to the Company certificates representing the Shares, duly executed for cancellation, or accompanied by stock powers duly executed in blank (with a medallion guarantee or such other evidence of signature as the Company’s transfer agent may require) whereupon the officers of the Company shall cancel such shares by delivering the Shares to the Company’s stock transfer agent for cancellation.
Something to remember; authorized shares which we know were all issued for the dividend simply cannot be cancelled. Only a buyback or REVERSE SPLIT is going to change that number.
I see it as the 10b shares of voting is just a majority of any voting rights. Not that new owner control any of the regular shares.
Have to remember, way back in the Mario Pino days XMET was a dividend that was legally issued to shareholders. Shareholders that include Mario and his group to scammers. Between everyone 8.27B shares were issued and you can’t just take those away. This is why the 8-K says all shares are authorized.
Lol I say we see it differently. Of course I believe I’m correct. DL screwed us. He got his early Christmas present. Just to leave many holding the bag on this one. R/S coming
No. He has preferred shares that account for 10B which do not really exist but for purpose of voting rights they account. All he needs is the voting right for ownership.
How can you have 10b, if AS is 9B?
ALL SHARES AUTHORIZED.
8,272,627,462 shares still out there!!!
Shares: Section 2.6 Authorized Shares. The authorized capital of the Company consists, immediately prior to the Closing, of: (i) 8,900,000,000 shares of common stock, $0.001 par value per share, 8,272,627,462 shares of which are issued and outstanding immediately prior to the Closing; All of the outstanding shares of Common Stock and Preferred Stock have been duly authorized, are fully paid and nonassessable and were issued in compliance with all applicable federal and state securities laws.
Incorrect. N00b found a way to make this fit his pumping narrative. Owner shares have nothing to do with the current O/S.
New owner has preferred shares that are not accounted for with the current A/S. They are only for the purpose of voting right. Think about it, he has 10B shares if converted. A/S is current 9B. There has NOT been any cancellation of shares
8.27B VALID shares. Last filing confirms all the shares are valid. This isn’t seeing .01, only after REVERSE SPLIT.
Soon with continued lack of info or further feat kicks in.
Then if this R/M is so good why no movement!
REVERSE SPILT fear has kicked in.
I was right about uncertainty... low volume, no one really willing to buy enough to move this. If there is really only 750m AS why isn’t this moving up?
Another guy just posted his screenshot, 149 mil. So two shares are holding 34.66% of the AS??? Get real NO WAY is the AS 750 million.
Been around too long. This playbook was written a long time ago. Takeover, r/s and screw the current shareholders.
You telling me the AS is 750 and with my shares I owe nearly 15%? Come on... I like to dream but there’s no way. R/S is coming.
Even day or slight pull back. Uncertainty is very high.
Here come the 6s like I’ve been saying...
16m shares at .0001. R/s doesn’t mean much over a $1,600 investment. r/s coming
It’s not me burning it. DL screwed us. He should have stuck around to cancel the shares. This new guy won’t cancel he will r/s.
I hope I’m wrong, but I’m being reasonable and my experience in pennies tells me this won’t turn out well. I’m still holding.
Massive share dump this morning, thinking we see 0004-6.
Lots of uncertainty with new owner and likely a r/s coming. Just too many shares out there to start a new company and expect things to go well with 9 billion shares.
New owner given 100 million shares, however they did it he has the voting majority. They give no cares in the world about the 8.27 billion shares out there. They are fully authorized per the filing so that means we will see a r/s since they won’t want that many shares out there. 1500-2000 to 1
How did we come up with this 750 number
I don’t care, I called the last two days of trading. Although didn’t see this crap news coming. Look I want this to pop more than anyone. This goes to .01 I sit on $1mil but I see a reverse coming first.