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How can the "New Business" file reports? $XMET itself has no numbers, it's just a shell and it hasn't RM'd yet. It was simply bought by a Wei Tian, a natural person.
Yes, DL kept up with the quarterly reports but we don't know anything about the "new business".
What's fake about it?
Authorized does NOT mean issued. And, Yes, the JUDGE can cancel issued shares.
What absolute BS. People, don't be confused by the use of official words such as Authorized. They are being intentionally misused to confuse the situation.
Sigh. Did no one read the words that are in BOLD and Underlined? I said UP TO.
And, this is an intentional confusion of the word Authorized.
Ok, basic stock trading 101. "Authorized" shares are the total number of capital (both common and preferred) stock that MAY be issued. That in absolutely no way says those are the number that ARE issued. Outstanding share are the current number that are issued.
People, those who play these kind of word games are trying to deceive you.
Please note that I said UP TO 9B. I then went on to say that we know some of those are illegal. I do believe there are 752M valid outstanding commons. I was tallying total votes that COULD be there.
This argument is INTENTIONALLY confusing VOTING RIGHTS with share conversion. Folks, it's quite easy. The preferred have the VOTING RIGHTS of 100 commons. That is NOT the same as saying those shares are going to be converted into commons.
No one is saying there are 10B shares of ANY kind. What is true is that there are 9B Authorized Capital Shares, 100M of which are Preferred Shares. We don't know how many commons are outstanding because of the illegal activities before Lazar.
What is also true is that there are up to 19B VOTES. Please understand that it is distinctly NOT 1 share = 1 vote. Each Preferred shares is worth 100 VOTES.
So 100M Preferred shares * 100 votes/share = 10B VOTES
9B common shares * 1 vote/share = 9B Votes
10B VOTES + 9B VOTES = 19B VOTES.
I agree, Traders aren't stupid. The bears on the board are trying to confuse people though.
re:America's Cup Racing. For those who appreciate monohulls, they are back. Two designers have added side foils and a flying keel to a monohull. They are the boats that started the race preliminaries yesterday.
DL still owns 200k commons. There is no evidence he sold them. He could have sold them on the open market but I highly doubt that.
Hauwei is barred from doing business in the US. That might include stock transactions. I really don't want this to RM into a barred company. That would mean I couldn't sell my shares.
It was a reply to WhiteOwl. Sorry, I should have directly mentioned, "WhiteOwl watch this." Apparently, the notice at the top that this was a Reply to one of his posts wasn't sufficient.
Believe the facts and ignore the pump and/or trash talk.
What happened to cause the price to fall. Quite simply, something the market didn't expect. Markets don't like that. The standard reaction to unexpected/unforeseen news is to sell.
Fact:
DL via Custodian Ventures, LLC sold the controlling interest in XMET to Wei Tian.
DL, a natural person, is STILL the current Custodian until the court says otherwise.
For this to be a clean shell for anyone to RM into a couple things must happen.
1) The COURT (not anyone else) must issue an Order to Terminate the Custodian ship. This could come in the form of Granting DL's Request to Terminate.
2) The issue of the illegal shares must be resolved. To anyone's knowledge, no claims came forward in the 30-day window. So, this will most likely come in the form of an Order Barring Claims.
Conclusions:
The price will climb upon any positive action i.e. cancellation of shares, termination of custodianship, Wei Tian selling the shell, the shell RM'ing with a company.
Watch this video
Ooo, been waiting for that. Will have to find a way to watch.
We don't know if he sold his commons. That is not mentioned in the 8-K at all.
If one looks at their people page, one will find the their Wei (Tony) Tian has the EXACT SAME qualification and bio as listed in the 8K.
Just a SWAG but I'm guessing $39 ...
True but SOMEONE keeps posting red herrings based on their personal pumper dreams. Trying to keep the best information in front of everyone.
Actually, there are 9B AS. DL increased the AS to cover a contingency. We know at least 6.2B are illegal and are anticipating these to be cancelled. The calculation imply that only 752M are legally held by real shareholders. We don't know where the missing 2B shares are at.
alstocks, please stop posting Wei Tian in EV. That is NOT him.
The buyer is NOT an EV company. Click on the link in this post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160197924
Wei Tian's Company
Scroll down, click on Our Team. Compare the bio for Wei (Tony) Tian.
Wei Tian's Company
Scroll down, click on Our Team. Compare the bio for Wei (Tony) Tian.
No platinum for me, yet. I'm just a small trader. But, this and their fees for pennies are what is making me look at other brokers. Currently, Fidelity is high on the list. Anyone have the good/bad/ugly on Fidelity?
To Google a name and grab someone because of ONE word is not DD. Click on the link and COMPARE to other known information AKA the 8-K.
Oh, BTW, your other guy in EV is not the correct Wei Tian either. Seriously, READ THE GUYS BIO IN THE 8-K.
The last 3 times I've had to call eTrade I was on HOLD for over 45 minutes. That only gets one to a person who verifies your identity and transfers one to someone else.
As posted on XMET, The guy you posted has degrees in Engineering. The 8-K says,
alstocks, what are you smoking? The guy you posted has degrees in Engineering. The 8-K says,
The 10-Q said that the preferred at 100:1 ratio to common represented 93% of voting shares. So,
100,000,000 preferred * (100 p/c) = 10B common voting shares
10B / 93% = 10.752B total shares
10.752B - 10B = 752M shares
Because this is still in the court's hands as a custodianship. Only the JUDGE can terminate that.
"Long time" is a matter of definition. Horst posted two whole days ago. Some people have a short attention span.
It still applies it just might be ridiculously simple.
Proof of Claims process (hope I have this correct.)
DL just completed 5. We are waiting for 6.
1. Custodian asks for process ->
2. Judge issues order for the Proof of Claims process ->
3. Custodian publishes a Public Notice with 3 days of judge's order and begins the 30 day clock to respond ->
4. 30 days go by ->
5. Custodian notifies the court of any claims via Affidavit of Publication ->
6. Custodian asks for court hearing to Finalize PoC ->
7. Judge grants hearing (usually within 30 days) ->
8. Hearing held (hopefully) settling all claims ->
9. Claims resolved (or noted that there are no claims) ->
10. Judge issues order Resolving or disallow asserted claims and/or bar/disallow unasserted claims thereby Finalizing the Proof of Claims.
Between $200K and $250-ishK, commonly around $220K
If I understand Joefyffe correctly, there needs to be a Court hearing WITHIN 30 days AFTER the Proof of Claims Affidavit is filed with the court.
So, they will Finalize the Proof of Claims as part of the ongoing Status hearings?
I agree that there are no outstanding claims. The question is when will the COURT finalize the proof of claims?