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I called the new TA back in June or July and they are aware of the illegally issued shares. They will adjust the OS when DL is finished returning all invalid shares back to the company.
Short squeeze coming.
Sure will be. Can't wait for the updated SS.
Noobs DD is correct. I'm explaining to thall how we got to Noobs DD.
GBRO Tuesday, 12/29/20 04:26:22 PM
Re: Imagineer66 post# 25206
Post # 25211 of 25211
I believe you are right and that the new OS is 750 million give or take.
The original AS was 75 million before the illegally issued shares. Those shares were given a .001 price and recorded as a liability. That debt based off the illegal shares is what DL is cleaning up.
I believe you are right and that the new OS is 750 million give or take.
The original AS was 75 million before the illegally issued shares. Those shares were given a .001 price and recorded as a liability. That debt based off the illegal shares is what DL is cleaning up.
Stockholders’ Equity and Accrued Liability Excess stock Issuance
https://www.otcmarkets.com/filing/html?id=14331308&guid=VBtqUHuCxwOWB3h
The Company has authorized 75,000,000 shares of Common Stock with a par value of $0.001. As of May 31, 2020, and May 31, 2019, respectively, there were 8,272,627,242 billion shares of Common Stock issued and outstanding, respectively. Based on records maintained by the State of Nevada, the Company has issued 8,197,627,462 shares in excess of the amount authorized. The Company has recorded these shares as a liability of $8,197,627 on its Balance sheet based on their par value of $0.001 per share.
These are the shares that will be returned to the company.
They are getting nervous now. The Short Squeeze will be epic.
The NV courts required DL to increase the AS to cover any potential claims. Nobody came forward and now they will be returned where they belong.
Original AS should be 75,000,000
I won't be selling my free shares at .001 - I'm looking for paper!
Anyone owning the illegally issued shares had a chance to come forward and they didn't. The courts will grant DL the authority to cancel and return those shares.
The Squeeze is coming. Better shake the tree a little harder before it's too late.
See you are still confused about what we are saying. Nobody ever said shares would be taken from individuals' accounts and there will be no need for a RS after the illegally issued shares are returned.
I see why you are confused now. The transfer agent isn't making the decision to cancel and return all illegally issued shares. The NV courts are doing that.
The document filed today by DL's attorney is where you should be looking.
DL is going after all illegally issued shares. Mark it down so you don't forget it.
Looks like MM's trading between themselves to me. Trying to drive the price down and shake the weak.
Short Squeeze will be epic!!
Again, that would be incorrect. The claims process will take care of the illegally issued shares and that's what you are seeing in the last document posted.
Illegal shares will be returned.
5348 Vegas Drive
Las Vegas, Nevada 89108
https://backend.otcmarkets.com/otcapi/company/financial-report/3401/content
I noticed that yesterday as well. They were grabbing every 13 that went up for sale. Just a matter of time before they let this run.
Someone needs shares badly. Make them pay much higher prices. $XMET
Thanks Cornhole.
Huge squeeze on the way. $XMET
No claims came forward on the invalid/illegally issued shares. They will be returned and the SS will be updated shortly.
Hang onto your shares!!
100% incorrect.
The point you are missing is $XMET never traded and was permanently revoked per NV SOS when MP issued the invalid/illegal dividend shares which sat in your account for 15 years. That's why you couldn't trade them. They were never supposed to be issued or allowed to be tradeable. You can look it up and probably have.
DL is in the process of returning those shares. Nobody came forward to claim against the company except the current TA which has been paid their $600.
The updated SS will be released soon. Sit back and relax.
Item (vi): The number of shares or total amount of the securities outstanding as of the end of the issuer’s most recent fiscal year.
1. Common Stock – 75,000,000 shares authorized par value $.001 per share
2. Shares Issued and Outstanding – 75,000,000 common shares as of May 31, 2005.
3. Freely tradable (public float) 0 common shares
4. The shares are held by a total of 10 beneficial shareholders.
The previous TA is no longer in business.
https://backend.otcmarkets.com/otcapi/company/financial-report/3401/content
It's Christmas. Take a break and enjoy the day.
Issued illegally and yes we've already covered that here.
Should easily see .02 pps. QUTR had over 2 billion OS and it went that high. Plus the RM we could see .03 to .05 by Jan/Feb.
$XMET is a clean shell and the SS update showing the OS below 1 billion will light the fuse.
The way DL is moving this forward it could be any day now but expect them before the next hearing 1/8/21.
$XMET is being fast-tracked to the front of the line for a reason. Hold tight and be looking for filings to drop.
No, it’s a public document from the Clark County NV website. If you sign up you can purchase the hearing documents.
https://www.clarkcountycourts.us/Portal/
Case# A-20-816267-B
You have to pay for the documents
Congrats to all that held.
$XMET = Clean Shell. All illegal shares will be returned and the RM candidate is already in place. Filings could drop anytime and this will move quickly. GLTA except thall.
https://www.clarkcountycourts.us/Portal/
Case# A-20-816267-B
You have to pay for the documents
We should see filings start to drop. Could be a Merry Christmas and a very Happy New Year.
Already paid in full. Done deal!!
Looking good!!
Only 1 claim. LOL