...waiting for XMET to hit the sky!
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If the float was 8.7 billion, we would be trading at 0.0017, but that is none of my business lmao. The calculated market cap is 15 million dollars due to investors buying in since the company has zero revenue or debt. Say 8.7 billion one more time and show me where the 169 million dollars came from or where are they at? When share cancelation hit, the price will stay the same as we have been trading in low float. Math don't lie my peeps! Math don't lie! People do!
Doing some silly math here. Using 9 billion x the current share price = 169 million market cap. If you use 800 million x the current share price = 15 million market cap...which is more believable? so far today 3 million dollars have change hands. Anyone care to venture on this????
The new date is March 5th. So don't be expecting news any time soon.
Anyone see the 211 trades? Like 10 of them. "need shares, but don't take the price down" hahahahaha
Fly my beautiful bloated pig! Fly! ??????????
Can anyone with "old" dividend shares that are "original" can try and trade a couple to see if you are able? I have read several people say their broker will not honor those. Anyone here own those?
I think it makes complete sense to have a "4 week extension" to completely get everything in order. Since the claims was just filed, they are probably letting that run it's course to then get a real status check to avoid getting it amended later. Also is Chinese new year... Don't expect much from people celebrating holidays haha. I think this will provide a great opportunity for someone looking to load more shares. Go $XMET!
Can someone with "old illegal issues shares" call and check with their broker to see if they can "honor" those shares? I seen a comment about their "broker" not honoring their shares. I want to know if this is true or false. Please let us know either way. If this is true, oh boy, you know what that means! $XMET is going to Jupiter!!!
Man, I am not trying to be rude, but if an "investor" is coming to Ihub to get their "DD" and based their decisions on "what we say", is the equivalent of going to Facebook for "actual factual information". So, for the new investors here, $XMET will hit $10 by the end of July 2021.
$XMET Events and Speculation
*HUGE UPDATES BELOW*
I just wanted to say Noob is back posting on this board. That is it. Carry on my FRIENDS. Go $XMET
The whole week is going to be up and down. They will spike it in the morning then dip about 20%, then trade sideways from most of the day. Look at last week day by day. The only "but" I would say is that if we get really good news about anything, the price will skyrocket. I don't see it going below 0.0037 on the ask.
I never said "Lazar planned the split". I am simply stating opinions my friend. Just that, opinions.
Your shares "diminish" like everyone else. For example a 2/1 split will turn your 100 shares into 50. For example lets say your value was $100 before split, after split you still "hold" $100 value. The stock price would just be $2 instead of $1.
You mean "Wall Street... Bets"??? Because I hardly think hedge fund managers are paying attention to us. Don't get me wrong, I love $XMET, buy let's be real hahahaha. We are not special, the big dogs got SPACS and IPOs to worry about hahaha. I know once we get a clear picture of where xmet is going, we will be a happy family. GLTYA
The only way I see the share structure being revised is by declaring the 8 million dollar debt to share holders canceled, but the $8 million debt was caused by the over issued shares in the first place. By reading and analyzing, Lazar made the shares legal to wash out the $8 million debt, therefore cleaning the shell. I don't believe that the totality of 8 billion shares are actually owned by people. Where are they? And what is the plan forward, who knows. Wei has the power to cancel shares when he takes ownership, but I hardly doubt he cares. I think the split would be an easier/faster /less hassle /convenient route. Have some cash on the side when the reverse split happens. I don't think Wei really cares about every day traders. He wants a business, we just want to profit from his efforts.
The way I read and understand that paragraph is that "Lazar" didn't want any "unauthorized shares shareholders" to come back to him and "demand" any payment. Then he would have been forced to act and fork out money or replace those with "legal real shares". So I ask, there was no claims at court and I would venture to assume that the only claims would be from people demanding that their illegal shares become legal. Does this means that the 9 billion shares are void? Since they were "issued" to cover for the 8.2 billion illegally issued? I am no law expert so I reserve judgment on which way this will go. I would assume that the reason the unasserted claims was done, was to erase the 8 billion shares. We will see.
To expand my question. Nevada law is not clear if shares are "void" or "voidable". Below is the paragraphs that spark the daily discussions here. Apparently THALL has more insight than "NEVADA LAW"...
Liability and Cure for Unauthorized Issuance of Additional Securities
Prior to September 9, 2020, our Articles of Incorporation authorized the issuance of 75,000,000 shares of common stock, par value $0.001. As of our year end on May 31, 2020, we had 8,272,627,462 shares issued and outstanding. This amount exceeded our authorized shares by 8,197,627,462 shares. In Nevada, the jurisdiction in which we are domiciled, the case law is clear on damages for overissued stock. The laws provide that the shareholder is entitled to force the issuer to swap the invalid shares for valid shares, if they are reasonably available. If valid shares are not reasonably available, which they were not, then the shareholder may recover from the issuer, the price the person or the last purchaser for value paid for it with interest from the date of his or her demand. As a result, based on information available, we recorded a liability on our balance sheet as of May 31, 2020 of $8,197,627 which equal the unauthorized times the par value of $0.001.
On September 9, 2020, we amended our Articles of Incorporation and increased the number of shares authorized to 9,000,000,000. The case law in Nevada is unclear on whether excess shares are “void” or “voidable”, therefore we may liable for our over issuance despite the fact that currently, the amount of authorized shares does not exceed the number of shares authorized.
Share structure question for the ones that have been here since day one. "Lazar" apparently added some shares for some debt. Got it. My question goes as follows: when Lazar did this, were the shares added to the "public" and if in fact that was the case, was this announced "on a PR" and to go even further, was the current share price "affected" by the release of new shares. I would expect that with a massive increase of shares, there would be a massive price drop on share price. Was this witnessed? Specifically if it was added to cover a non existent debt. If those shares exist and "are not part of the public" float in question (I am talking to you Mr. THALL) where are these shares actually located and how hard would it be to get rid of something that never made it to the actual public. How can you reverse split "the 8 billion shares" that are not on the public domain? Your answer better not be "READ THE 8K"
Status change, I guess there is not one???
I would take that as a compliment my brother!
Can someone help me with some math here? We are 11 million shares positive (buy vs. sale). That is around $63000 positive and the M&M's took the price down? How is this even possible???
I think today will be a repeat of Monday. Morning spike, trade sideways then if there are news a furious spike until close hours. Who knows how high we go.
An honest reply is that, I can't make an assessment on what XMET is going to be because I have zero company to asses. Once I am presented with a legitimate business model I would be able to make a judgement(somewhat). Anyone that says anything (good or bad) it is just speculating. I am however hopeful that the so called "unverified experience" stated on the 8K form is somewhat close to reality and that Wei Tian has an actual good profitable business coming in. Time will tell if we have a diamond, regular joe, or a dud.
I would have to highly agree with you!!! I am positive everyone here have an exit strategy. Mine is 0.12 cents(depending on momentum, could be higher could be lower). I wonder what others think? Do I think this is the next TSNP? That depends on the incoming company. We could get a "dud" or we could get something good enough for us to make some decent money. Only time will tell.
Lazar: NOT ALL PINK SHEET SHELLS ARE THE SAME.
To the untrained eye all OTCMarkets “Shell” companies look the same. Each might have the following Characteristics: Ticker Symbol, Shareholders, Market Makers, Transfer Agent, DTC Eligibility etc., but there is much more “under the hood” that needs to be looked into.
It is very easy to see advertisements on-line showing Pink Sheet companies selling for as cheap as $50,000. Many cheap Pink Sheet companies or “Stinky Pinkys”, as they are sometimes referred to, will simply never get past Finra approval for corporate actions such as a Name Change or Reverse Stock Split – virtually making these companies worthless.
Listed below are some of the issues that Finra looks for when considering a corporate action:
1. The company is a 34’ Act filer and has “Dark Period’s” in its’ filing history. (A Form 10 filing with the SEC could possibly remedy this issue).
2. Bad Actors – one of the shareholders in the Pink Sheet company holding greater than 5% or 10% has had trouble with the law.
3. Inconsistencies in the company Corporate History (i.e.) a name change or the number of Shares Authorized are not accurate or were filed improperly, or simply not filed at all.
You need to really know what you are doing in order to understand the differences between a “Stinky Pinky” and a Clean Pink Sheet Shell, which can ultimately be used to uplist a company to the OTC:QB or later on Nasdaq or NYSE. Having an experienced Securities Attorney by your side is key to making these crucial decisions.
As the saying goes, “What starts off being cheap, ends up being expensive”.
https://www.linkedin.com/pulse/all-pink-sheet-shells-same-david-lazar?articleId=6710921350086701056
THall just a quick question, the same way Lazar "appeared shares out thin air" those "same shares" can be eliminated. I think he just added them to "expedite the process" and informed Wei Tian about the plan. I know a R/S will fix the "high float" while screwing the share holders. The shares were created to address a "debt" that is not "really there", now you have a "positive" number with the new shares and lack of debt. I think the logical conclusion to me is that if you added shares to cover a non existent debt you need to remove those extra shares somehow. Even if you do a reverse split "those shares" still exist and the math would not add up because there is no "real" money behind those shares. Please school me on this my friend.
When we get a real picture of the actual market cap of XMET then we can all put this "what if" useless arguments to rest. Pure math current price times 8.27 billion shares gives us 50 million market cap. If there is a share reduction(cancelation) to 750 million we get 0.06 cents instantly, if it goes to 75 million we get 66 cents. Either way, if we get a share cancelation instead of a R/S. We will be cooking really good!
Liking that 0.008 ask haha
One cent tomorrow!!! Go $XMET!!!
0.007, off she goes!!!
Court minutes below :
Pursuant to Administrative Order 21-01, the Court decides this matter without the necessity of oral argument. Upon review of the papers and pleadings on file in this Matter, as proper service has been provided, this Court notes no opposition has been filed. Accordingly, pursuant to EDCR 2.20(e) the Motion to Bar Unasserted Claims is deemed unopposed. Therefore, good cause appearing, COURT ORDERED, motion is GRANTED. Moving Counsel is to prepare and submit an order within ten (10) days and distribute a filed copy to all parties involved in this matter. CLERK'S NOTE: A copy of this minute order was distributed via electronic mail. / dr 2-1-21
M&M's strike again. From 0.005 to 0.004 in less than ten minutes. If I was confident my order would be filled fast I would be flipping their shenanigans...
Go vote for $XMET on Reddit!!!
We need you!
https://www.reddit.com/r/WallStreetbetsELITE/comments/l8pmg7/which_penny_stock_under_020_should_we_get_behind/
Link?
if we see the volume and price go up we should start buying batches of 2,100 shares a piece hahahahaha
Call the WallstreetBets, tell them about $XMET hahahahaha
I need to be mentally prepared for $100k swings and not panic. Going from $200k to $100k in a 5 minute span is a great emotional challenge. Now the swings are just in the thousands which I can deal with it... I don't think I am ready to see $100k just disappear hahaha
I bought 66662 shares to get the count to 1,100,000. My OCD was going crazy hahahaha. Can't turn down those cheap shares when they show up. Feb is going to be a great month. I am still wondering how the price Manipulation is going to play out when we got cents. A wild swing from 0.05 to 0.15 cents in a day would really play with my emotions when an hour later dumps to 0.07 cents... This will be a crazy ride to say the least. Go $XMET!
I predicted Monday that the rest of the week was going to be like this until we get confirmation about court situation..
Market Manipulation at its best.... How do you go from 0.009 to 0.0033 in less than 30 minutes hahahaha