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There is plenty of news on the board that was released this week. We have discussed the issues in disseminating the news, too. We are awaiting financials and such will be provided today.
VDSC
We are looking good here!
XNRG
I spy with my little eye some TX Projects updates on the XUN website.
Interesting!
XNRG
Again, that chart reflects the sentiment based on the present state of things. The present will soon be the past for the future is looking very bright for XNRG and its shareholders!
XNRG
Wrong! The performance of the pps and that pesky reality known as sentiment is being reiterated by the chart.
I have said it before and I will say it again, that chart will be MOOTonification very soon.
XNRG
Company performance versus that of pps performance is something altogether different. Presently, the performance of the pps is dictated by sentiment, which is largely based on impatience and an inability to understand the required steps to effectuate the proposed plans by the company.
Asserting discontent for the company is a moot point when the company is performing to the best of its ability and is on track to deliver as promised, despite the stumbling blocks put before it, some of which were precipitated by the actions of the aforementioned impatient shareholders.
XNRG
-----------INCORRECT----------------
There will be a chill placed on this stock at the behest of the company before the DTC will ever place a chill for impropriety on the part of the company!!!!
Since, SOME of us have witnessed with our own eyes PV's endeavors to become a fully reporting company AND information provided to the authorities suggesting that ILLEGAL activity--absent of any culpability by PV--is present, IF there is a chill placed it will be because the authorities are investigating other entities AND NOT PV!
VDSC!!!!!!
We will see.
XNRG
How's that go "if you produce it they will come"?
I am pretty sure there will be some serious ask slapping in the not-so-distant future. We would be there by now if certain events BEYOND THE CONTROL of XUN had not happened. But, it is what it is. And, will be much more soon!
XNRG
ATTENTION ALL CONCERNED PARTIES:
I have confirmed with OTCmarkets that yesterday's PR WAS ABSOLUTELY legitimately submitted and should have been released accordingly. However, there was an error through NO FAULT OF PV's which prevented such. Presently, the issue is being addressed by OTCMarkets and will subsequently be re-released. Hopefully this will happen before EOD.
There is NO FRAUD HERE. The issue is not with PVE. This is an OTCMarkets issue.
VDSC
Based on what I have read in the filings and applying a little bit of deductive reasoning (not to be confused with mooty logic) VERT's position won't last for long. Shouldn't do too much damage and it won't be irreversible.
XNRG
Right! So, communicating the present state-of-affairs by a CEO to his present and future shareholders is bad business? Hmmmm...and this is the reason the pps stands as it does? Transparency=bad business. Hmmmm.... That is a mighty interesting logic there. I will have to get back to you on that when the CEO releases CONFIRMATION that the wells are are fit and perty for production in PA & TX. Something about that logic smacks of, well, a lack of logic!!!!!
Then I will discuss the mooooooootiny of your moooooooooty charts!
XNRG
And post 21214 is a testament to my assertion.
XNRG
Incorrect. Those issues have been resolved (and which issues specifically, PG? You'll see!!!!!!!).
Nice try though.
XNRG
I've gotcha. Yes, revenue is very important. But, if people stop letting those with ulterior motives scare them out of shares, we could gain a bit of momentum and maintain it until revenue is generated. There are companies with a lot less potential that haven't been hit as hard as XNRG due to the lack of basher's posting their BS.
All one need do is some research, keep abreast of the XUN forum AND the consumer protection laws as they continue to be modified by the SEC & other entities and understand that XNRG means business!
XNRG
How exactly is anything else "moot"?
XNRG
Man, they are getting on my nerves today!!!! Let the man continue with his job in peace! He is kicking butt and taking names. But it doesn't happen over night. All anyone need do is some RESEARCH and have some patience. It will happen. Soon. Good grief.
Oh, silly me...I guess when you WORK for a competitor the name of the game is to harass. Goodness gracious...nix the logic in paragraph 1. I forgot all about motive.
XNRG
Wow! Thank you for imparting your wisdom and professional insight on the XNRG board. Now would you care to elaborate? From my vantage point (and I am pretty thorough when I delve into something), Jerry's got a number of bases covered and our time is very near.
But, feel free to advise based on your expertise.
XNRG
Well, read it RIGHT HERE!
Question 1: However, for clarification would you be so kind as to comment on this 40K per month salary?
Response to Question 1: There are no employees, including executives, being paid $40,000 per month. The salaries are disclosed in our annual 10-K, link: insert-text-here
Part III, Item 11, Executive Compensation (page 75) discloses the following:
Item 11. Executive Compensation.
Mr. Jerry G. Mikolajczyk was appointed our acting president, chief executive officer and chief financial officer on May 31, 2011 effective June 1, 2011. His employment contract terminated on May 31, 2012. The Company has not renewed the contract with Mr. Mikolajczyk and has retained Mr. Mikolajczyk on a month to month basis. The Company pays Mr. Mikolajczyk $10,000 per month.
Mr. Wayne St. Cyr was appointed our Executive Vice President, Marketing and Strategic Development on January 1, 2011. His employment contract terminated on December 31, 2011. The Company has not renewed the contract with Mr. Ct. Cyr and has retained Mr. St. Cyr on a month to month basis. The Company pays Mr. Wayne St. Cyr $10,000 per month.
Mr. Peter Matousek was appointed our Vice President – Investor Relations on May 31, 2011. His employment contract terminated May 31, 2012. The Company has not renewed the contract with Mr. Matousek and has retained Mr. Matousek on a month to month basis. The Company pays Mr. Peter Matousek $7,500 per month.
Mr. William D. Spier was appointed Treasurer of the Company on October 23, 2012. The Company paid Mr. Spier $4,000 per month until May 31, 2013. Mr. Spier's appointment was renewed for another 12 months with a salary commitment of $7,500 per month.
The following table discloses compensation paid/accrued during the fiscal years ended May 31, 2013 and 2012 to the Company’s Officers and the most highly compensated executive officer whose total compensation exceeded $100,000 for the fiscal year ended May 31, 2013 (Collectively, the “Named Executive Officers”). No restricted stock awards, long-term incentive plan payouts or other types of compensation, other than the compensation identified in the table below, were paid to the Named Executive Officers during these fiscal years.
*1 - Former President/CEO during 2011
*2 - Does not include stock compensation as Board members, refer to Item 5.E of this Form 10-K
We thank you for your interest, support and faith in the Company.
Respectfully,
Xun Energy, Inc.
Jerry G. Mikolajczyk
President and CEO
NEXT?
XNRG
Tis done!
XNRG
Yeah, the PA land owner was thinking something along those lines, too.
XNRG
XNRG has made what advancements since Jerry has taken over? You have not a clue about this!
When a company suffers from individuals repeatedly disseminating false information by way of a public forum, HARASSING business partners & intentionally undercutting trading activities, the pps of a microcap will suffer. But, such will not be the case forever. I hazard to say not for much longer as there are some of us that actually want to see our investment and this company succeed and as such have gone to great lengths to confirm the legitimacy and promise of our investment. Our time is nearing.
XNRG
No, because he doesn't. And if you read all of the filings IN TOTO you will see that he does not.
I will ask though, now that you have jogged my memory, why someone based in San Antonio, Texas, who has admitted having NO INVESTMENT in the company, seemingly has this overwhelming need to repeatedly disseminate untruths about he and the company. Would you care to add details to that or will that simple query suffice you reckon? As a matter of fact, I think I will go post that question on the XUN forum then include what details I have pertaining to such in private message to Jerry NOW.
XNRG
GM, Marco,
It would be quite a challenge for the company to pursue the culprits legally given that they coward behind anonymity during their attempts to smear the company. Because of this, proving culpability would be very difficult. However, now that the land owner is aware of the underhanded tactics and the lies perpetuated by some as well as the lengths the company has gone to to prove their good faith and ability to proceed as promised, those issues should be behind us now and hopefully never able to rear their ugly heads in this regard again.
There are measures the land owner and the company can take to better protect themselves from this type of nefarious play in the future. I would like to think that such measures are being taken.
XNRG
That mostly AND investors that have little or no knowledge of running a business, doing more harm than good in attempts to confirm if the site and work being conducted were legit.
XNRG
XNRG--Thanks crazyjogger for posting Jerry's reply to my requests on the forum.
Jerry's replies to my questions have reinforced my confidence in XUN's endeavors and, based on the status of the SBA loan and the progress made with the Rice locations in spite of the issues created through no fault of the company (who attacks their own investment? That in inane! It is true the land owner was HARASSED. I have confirmed that.) looks like we are very near to receiving some outstanding news by way of a PR or two.
NOTE: The SBA loan process can be very time consuming regardless of what some claim based on the "ten day" turnaround. That is utter hogwash and oft times prove a most arduous undertaking by some. So much so that many individuals or small businesses just throw their hands up in disgust and frustration, ultimately seeking alternative means for funding. But, it looks like Jerry's got it covered and things should move along quite nicely now.
And you know what, Badger? We very well might hear something from our friendly neighborhood CEO to attest to that very soon! Very, very soon.
XNRG
By the looks of things, between all the magnificent work the awesome web designer is finishing up and those certain documents PV has been fanning, waiting on that ink to dry, coupled with a few deliveries here & there, that very well might be a perfect depiction of some of us in the very NEAR future!
The site is looking awesome. I hear the drum roll....it is getting closer and closer...PVE is about ready to:
VDSC
Oh....OK.....Silly me.
I am so glad you are here to illuminate that bulb for me, confirming that XNRG does not have the funds required to proceed as planned. CLEARLY you must be an authority. Again, CLEARLY.
XNRG
Thanks for the words of wisdom. I will try to bear that in mind during my next investments.
Good grief!
XNRG
You are very welcome. Mine, too.
XNRG
You said:
Do you have proof of this? Do you have any proof that would lend any credibility to your assertions at all? Any?
What is he stalling? Does he not have money? Or is he stalling? Which is it?
Do you have information on the events that have caused the present delays? Have you been to the site of the wells? Have you spoken to land owners? Have you gone to the courthouse and confirmed records? Have you been able to obtain any concrete information that can refute what Jerry has conveyed to shareholders and other interested parties?
XNRG
Well obviously, if it does become in the best interest of the company a R/S will be necessary. HOWEVER, if you will note the opening of the post, he is pretty explicit:
Might that mean that Jerry, the CEO, of XUN is pretty confident in the present endeavors and perhaps, just perhaps, believes that, oh, I dunno, FINANCING AND/OR PRODUCTION might be a reality soon? Therefore, NO R/S, as such would not be in the best interest of the company if his PLANS for the company & shareholders come to fruition.
Just a thought.
*Underline added by me
XNRG
He does not! He clearly states that there is no plan right now or in the near future. Doing such would only be done if it is required and in the best interest of the company and the shareholders (i.e., REQUIRED. A NECESSITY). Such is not the case presently. Ergo, no reverse split.
XNRG
It is indeed! The company is steadfast in getting all their ducks in a row. They have encountered some hiccups (tis business and it happens) and have faced challenges that are undeniably through no fault of theirs.
I just love transparency! Don't you?
XNRG
---XNRG---NO PLANS FOR R/S
Not bothered at all. But thanks for reiterating your position here and your concern.
XNRG
I didn't think so.
XNRG