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.
I would like to participate in your enthusiasm. Could you please provide the information that brings you to this conclusion?
Something else to think about. "The terms and conditions will be renegotiated upon the successful consummation of a Business Combination through the acquisition of, or merger or consolidation with, a company that has substantial additional capital and or operating revenues; or the Company is able to finance operating expenses with additional debt or through equity financing of not less than $5,000,000."
Lets not forget COMTAX SERVICES.
Im sure this is all part of A plan that we will hear about soon enough.
INDEPENDENT CONTRACTOR: The services provided by the MATOUSEK, including its employees/consultants is an independent contractor and is not an employee of XUN in performing its Services under this Agreement.
They just added more debt to XNRG.
MANAGEMENT AND FINANCIAL SERVICES FOR:
PRESIDENT, CHIEF EXECUTIVE OFFICER and INTERIM CHIEF FINANCIAL OFFICER
Contract No. S20150605
THIS AGREEMENT, effective as of June 1, 2015 is entered into between XUN ENERGY, INC. (“XUN”), a Nevada corporation and WOMACK HOLDINGS, INC. (“WOMACK”).
1.
SERVICES TO BE PERFORMED: WOMACK shall provide management and financial services for PRESIDENT, CHIEF EXECUTIVE OFFICER (CEO) and interim CHIEF FINANCIAL OFFICER (CFO), in specific, the services of Mr. Jerry G. Mikolajczyk (“CONSULTANT”), duties and additional tasks as outlined in Attachment A, Scope of Services, attached hereto and made a part of this agreement.
2.
TERM OF THE AGREEMENT: The term of the Agreement shall commence on June 1, 2015 and continue in effect through May 31, 2016.
3.
COMPENSATION: In consideration for services provided, XUN shall pay WOMACK a sum not to exceed $180,000 in cash payments. This amount includes all costs related to the engagement of the President and Chief Executive Officer except 3rd party or travel expenses.
WOMACK shall invoice XUN on a monthly basis on the following basis:
·
President, CEO and CFO - $15,000 per month for a minimum of 30 hours per month.
·
WOMACK shall submit to XUN a timecard on a monthly basis which, when approved, will serve as documentation for billing by WOMACK.
The terms and conditions will be renegotiated upon the successful consummation of a Business Combination through the acquisition of, or merger or consolidation with, a company that has substantial additional capital and or operating revenues; or the Company is able to finance operating expenses with additional debt or through equity financing of not less than $5,000,000.
XUN shall reimburse WOMACK for the cost of airfare and travel expenses and preapproved disbursements made on behalf of XUN.
I think you will see many more 8Ks from XNRG. IMO
Maybe this is just the beginning of another long list of 8Ks. http://www.sec.gov/cgi-bin/browse-edgar?company=minecore+international&owner=exclude&action=getcompany
8K out on EDGAR.
This should answer your question about Wyoming and other popular states to incorporate in. http://grasshopper.com/blog/a-concise-guide-to-the-7-best-states-for-incorporating/
Yes that is A lot and there are more that are not on that list.
Looks like all but the ones in PA.http://www.bizapedia.com/people/JERRY-MIKOLAJCZYK.html
XNRG is like the movie GROUNDHOG DAY. http://www.marketwired.com/press-release/minecore-discusses-fye-march-31-2008-financial-statements-1228358.htm
The list goes on. http://www.bizapedia.com/wy/SHIRELLE-HOLDINGS-INC.html
XNRG is the next MINECORE. IMO http://regulations.justia.com/regulations/fedreg/2009/11/06/E9-26896.html
Why would A company with A supposed 1.2 million dollars and many commodity deals under there belt need A company with no money and never a completed deal? This all sounds very strange to me. IMO
XNRG is equal to kids pretending to play house. In this case you have adults pretending to play big business with real money. IMO
Thanks. Have A safe and great weekend to all.
I believe there is no money. The XNRG ATM has run dry. Goodbye XNRG, hello XOM ATM.
"It is unfortunate that the Auditor's are delayed in completing their reviews of both the November 30, 2014 and February 28, 2015 quarterly reports due to their manpower restraints and not payment of the quoted fees by the Company". The way I read it the company does not have the money to pay the Auditors so therefore they are not going to waste the manpower. IMO
Does anyone know if shutting down the Rice 15 requires an 8K?
Does shutting down the Rice 15 require an 8K?
Read between the lines from the answers on XNRG forum and the XUN is about to set and XOM is going to be the new ATM. IMO
Nope I was just on it. Its Idria Energy.
With the Rice 15 not pumping, does that make XNRG A shell?
This company is right where they want it. If it ever turned A profit the lawsuits would pile up so fast they would not be able to keep up. IMO of course.
"Over the last several years, the Company’s President and CEO, Jerry G. Mikolajczyk, acted as an intermediary to facilitate petroleum product and precious metals transactions between sizeable Buyers and Sellers. He did this on a pro bono basis. In the fall of 2013, Mr. Mikolajczyk was approached by active and committed buyers to assist them in sourcing and procuring refined petroleum products in new markets. Since Mr. Mikolajczyk's experience in this area of petroleum and metals marketing is significant, the Company formed a division, headed by Mr. Mikolajczyk to capitalize on opportunities in procurement services for active buyers. The Company calls this division Xun Oil Marketing (XOM) and it is now in the research and actuation evaluation stage of development so it can ultimately initiate the following business objectives:"
Significant experience? Does the name FILKAS mean anything to anybody?
"NCEP, has the legal responsibility to remediate the lease back to its original state". Sounds to me like you are the XNRG fall guy.
Those questions are answered long before they are ever posted on the forum. The answer is not released until the company feels it is an appropriate time.
Where did all that hard earned money go should be the question. XNRG had to get two special loans to do the Rice lease. And by the way has anyone ever read the 8K for those loans?
XNRG keeps A very close eye on Ihub.
This link has the cost to file 10Q. http://www.edgarfilingagent.com/faq/
The ATM has run dry. IMO
I agree with you but I feel as though that is just the beginning. IMO