Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
good God, someone loves 14's today and the last couple trading days.
no brainer to buy at these levels before the PR this week.
14 is def support, hands down.
this thing tried to stay under 14 all last week and now its trying again. Not happening.
tons of accumulation at 14-15 the last 3 trading days. look for upward movement soon. Smart buyers
You know the CEO will drive XTRN share price up before the buyout. The higher the better, especially if shares covert into XREE shares. That way, if XREE share prices do drop while your shares are restricted, it benefits him. We sell for less in the long run. But short term, We make out on XTRN. So sell when this fucker goes through the roof next week :)
Have a good weekend.
even if news doesn't come out Tuesday, expect people to buy more as the week goes on before it comes out.
I'd be expecting news Tuesday. The CEO mentioned the news was going to hit before the end of the month which is next Wednesday so things could get interesting very shortly when we come back to trading next week.
Need questions answered? Someone call investor relations, see what they say. Need the number? 1-855-730-2040 Ask for Joe, the investor relations guy. Or ask for the CEO, Mike Barron.
Or email the CEO at mbarron@vegasxtrain.com
The Deal is accepted. More technical details to follow next week, said the CEO. It was confirmed with many investors here through conversation/email.
Anyone holding shares of XTRN will get a share exchange with XREE once the S-1 gets filed and goes through the transfer agent. The S-1 was filed on 2/14/2017. It takes about 10-12 weeks for it to be processed. Once processed, you get your shares exchanged.
As for the Share price for Shareholders in XTRN, it will most likely rise once news hits. Whether the company is owned by the same owner or not, they are doing this deal to consolidate all the brands. There are a lot of private equity investors that want to make their money back with XTRN, that's mainly why they are doing this. Hence the PR:
"This consolidation of interests is being done to benefit the many shareholders who invested in the project of running trains between LA and Las Vegas and who may have had their equity diminished," stated Barron. "We just want all those who helped us get here have an opportunity to participate in the rewards of execution on this project."
So with said, hold your shares or buy them today because next week you'll see a pop once news hits, but don't forget to take profits, it will be a good time IMO.
CEO confirmed, more news next week. Load up.
CEO says News Next Week! GET READY!!!
I'll be honest. this is a tough train to stop. Imagine the news next week? people will be sorry they aren't buying now.
anyone talk to the CEO lately? any update?
Lots of people loading yesterday and today at 14.
Who is ready for this train to take back off once the PR hits next week about the deal being accepted and the details within it!?! HOLD THEM SHARES :)))))
Why would people be selling and not buying before the details come out next week? You ppl are crazy, this has so much more upside.
people will buy this tomorrow before close just in case news comes out next Tuesday since Monday markets will be closed.
Next Tuesday should be a big day for a PR. Everything is falling into place now. More upside to come.
CEO said the Press release will be out next week on the technical details of the deal. It was accepted.
Seems like they are going to do a share exchange agreement where XREE buys out XTRN. The shareholders of XTRN will get shares for XREE once S-1 on file becomes effective. They filed it on 2/14/2017.
So with said, news coming, share price will rise, be patient, hold tight of those XTRN shares, more blue skys coming.
For those that aren't familiar of S-1's.
Process summary
The process starts by filing form S-1 with the SEC. The SEC reviews the filing and sends back very detailed comments. The company then files an amendment reflecting these comments. The SEC likely has comments again. This process repeats for 2-3 and sometimes many more iterations until the SEC says it has no further comments. The company then files/prints a "red herring" or Preliminary Prospectus and begins the roadshow. This usually lasts 2 weeks and the offering is priced on the last night of the roadshow and begins trading the next day.
Sample timeline
First SEC review: 30 days
Company prepares response: 5 days
Second SEC review: 15 days
Company response: 3 days
Third SEC review: 7 days
Company response ("red herring"): 2 days
Roadshow: 15 days
Trading begins: 1 day
Total: ~10-12 weeks
CEO said the Press release will be out next week on the technical details of the deal. It was accepted.
Seems like they are going to do a share exchange agreement where XREE buys out XTRN. The shareholders of XTRN will get shares for XREE once S-1 on file becomes effective. They filed it on 2/14/2017.
So with said, news coming, share price will rise, be patient, hold tight of those XTRN shares, more blue skys coming.
CEO is very transparent, this are just about to get more interesting. more news coming Next week.
UPDATE #2 Email this morning, straight from the CEO:
On Thu, May 25, 2017 at 5:33 AM, ********* wrote:
Good Morning Michael,
I am an venture capitalist and I am seeking to buy shares of your company. Where do you see this company going? Was the offer accepted for the buyout? I need more information. Maybe an update on twitter or facebook today? A PR release? I need more justification before purchasing a block of shares. If you need me to sign a confidentiality agreement, let me know.
Thank you,
*********
On Thu May 25, 2017 at 9:14 AM, Michael Barron <mbarron@vegasxtrain.com> wrote
*********: I can send you an NDA, but that would prohibit you from acting on the information, especially if you are planning an open market purchase. There will be some additional news on this purchase coming as we complete the technical details of the acquisition. It seems like a good deal for everyone. - mb
On Thu, May 25, 2017 at 9:33 AM, ********* wrote:
Michael: Thank you for the quick reply, we are down over 20% this morning, what is the time frame for when everything will be hashed out? I don’t know if this will be adventitious to buy if this continues to drop back to par.
Thank you,
*********
On Thu May 25, 2017 at 9:49 AM, Michael Barron <mbarron@vegasxtrain.com> wrote
We will have further disclosures on this next week. - mb
68million buy at 14 wow...
Email this morning, straight from the CEO:
On Thu, May 25, 2017 at 5:33 AM, ********* wrote:
Good Morning Michael,
I am an venture capitalist and I am seeking to buy shares of your company. Where do you see this company going? Was the offer accepted for the buyout? I need more information. Maybe an update on twitter or facebook today? A PR release? I need more justification before purchasing a block of shares. If you need me to sign a confidentiality agreement, let me know.
Thank you,
*********
On Thu 5/25/2017 at 9:14 AM, Michael Barron <mbarron@vegasxtrain.com> wrote
*********: I can send you an NDA, but that would prohibit you from acting on the information, especially if you are planning an open market purchase. There will be some additional news on this purchase coming as we complete the technical details of the acquisition. It seems like a good deal for everyone. - mb
Investor relations said yesterday that this is just the tip of the iceberg for shareholders.
Anyone else see a gapper again this morning? the ASK is at 22.
ASK is at 22.
BID/ASK moving up again! gap up here we come!!!
do we go over 30 today? we shall see.
higher lows! we are stepping on up!
RELEASE THE KRAKEN!!!!
LETS RAMP THIS MOFO UP!!!!
TURN UP THE VOLUME BABY!!!!
right with you. LETS GO!!!
hang in there, we are going higher.
21 is a key level, needs to break it to run.
if we break 21, we are rollin to new highs
Oversold territory, here comes the bounce
its going to explode over 20's fast.
this train has got the MOMO