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Thanks and I agree with your comments.
Person responsible for PR says we have 1/2 weeks for all my questions to be addressed. I am waiting patiently for that PR. I posed numerous questions/concerns that I new would not be answered but were of concern to me and other investors I got into this stock. We shall see if he was telling the truth.
Nice call sporty. I listened to you and bought more shares as it went down. Now will be a nice road up. appreciate your calls.
Based on the reply and other factors I do think issues are being addressed and problem issues (personnel and approvals) are being resolved.
I contacted the company yesterday regarding a number of issues. In part they replied last night in part
Thank you for your message today. Indeed our FDA process is taking far too long. We will be filing our annual report on Form 10-K in the next few days as required and this will provide some details into the FDA process and some other important matters. Regarding your questions on management changes, sales and strategy I encourage you to review our SEC filings on the Edgar.gov website to find the information you are seeking.
Glad to see you are still buying Sporty. I think the company needs to get on the FDA's butt to get this thing moving. Enough is enough.
Great as long as the price goes to $1.00 today and beyond tomorrow.
We discussed it at length and will again. He needs to see how he can make his company attractive to clients and investors and 2 billion in shares will not hack it. The fact of the matter is he wants to move this company to the next level. There are other ways of reducing total shares then an outright reverse 20-1. In penny land that is usually the route dumpers take to dump shares. But initially you do not lose anything if there is no dumping. His web site looks pretty good but is geared towards engineer types and industries that might purchase his services. not investors. which he said he will address.
Yes I did 2 weeks ago and will follow up next week. Basically he, (CEO), is waiting for OK from FINRA, then OTC, to get current and remove flags and then to issue PR's. Everything else he said was going well I did ask if he would consider sending out some info on where they are at in the process and explain what they are selling and where they are going with their business plans. He said he would talk with his attorney and his PR group to see if they could/should send out something.
Since nothing has come out, they must have decided to wait.
I know but I went as far as I am willing to go with someone that is so obstinate. I can only share what I found out from a phone conversation and take it any way you want. What I posted is the truth as either what was said or what I interpret from the people I talk with. I am done with him and when I talk to XGEN in a week or two I will not post publicly for him to make his comments. He loses out with not getting all or any information that might be helpful.
OK if I agree with you will let the issue die and move on. I am sick of hearing it.
I did not mention that part of our conversation. We has a lengthy conversation about it. Bottom line is I told him that I liked it but it needed to be toned down for investors. He said it was designed for the various people involved in the various industries (5) they are working with at this time. He agreed with me that it should be revised to non engineers and investors also.
Of course we will see. I am not pumping the stock nor knocking it. I was not even going to publicly post on this board since I rarely post on any board. I have followed this stock since it was cleaned up and the shell sold to the new owners under the name of XGEN. The n ew company also wants to change the name as well as getting up to date and getting all issues resolved.
I am simple giving my impressions of a phone conversation that quite frankly was a surprise that the CEO came across with such pride and clear view of where he wants to take this company.
Whether you buy this stock or not is of no concern to me. I just find that people who may want to consider buying or selling should have as much facts available to them and make up their own minds.
In talking to various CEO's lately there is a difference in their attitudes now that the various regulatory agencies are promising to start going after scammers in the OTC markets. I originally heard they would be cleaning up the penny stock market starting Sept 30 this year but now I heard June 30 as the date.
Whatever, the mere mention of their concern or looking into a company/individual brings concern to CEO's.
I can only say that the feeling I got from him was one of excitement about the company, the business they are in (water purification for different industries that pollute), and the reaction they have received so far. The reduction in shares may be by reverse split but if sales/orders can substantiate a higher stock price and attracts new investors than that is a plus. Until I see financials I cannot say if dumping is coming or a company is graduating from penny stockville.
Talked to the company (CEO) last Thursday and had a long conversation about status of the company becoming current, issuance of information, current sales and general direction the company wants to take. It was a very positive discussion without him divulging any information that would violate disclosure laws.
He will discuss with attorney and PR department what kind of status he could put into a press release. Basically he is waiting on FINRA review/approval and then get current with OTC markets to begin regular updates.
We discussed the issue of reverse split and he said that the amount of shares the company has is too many for the direction he wants to take the company. (There are different ways of reducing the number of shares a company has, cancelling shares, buybacks, reverse splits) The first two are seen as positive but the last is usually seen negative by shareholders because it leads to dumping shares down the road. The question is why reverse split-if to up-list to another market (NASDAQ), get another class of investor and backers etc., this could be positive.
I do not think he has any inclination towards dumping since he seemed to want to raise the company from penny-land.
YES THEY ARE
I contacted the company this morning awaiting a rely. If I do not get a reply by this Friday morning, I will call them. I will send you and Ranger a private message of anything I learn.
Could we owe a thank you to the Dems and liberals for this run. Since Xgen is in water purification and California is mandating increased purification by 2030, Could XGen have benefitted from these mandates with orders for their solutions.
Where is my buddy packer fan now
I am just glad to see some life still here other than you know who.
OK now you can move on.
OK I am one of the idiots that invested in a stock that the CEO has no idea what he is doing. Thanks to you I am now admitted an idiot. You can now feel good about yourself and move on. It is much appreciated for the invaluable wisdom you have imparted to us poor investors. I will say goodbye now.
You said it was in the agreement and they have to R/S. I want to see it. The PR said they will do a reverse split but based on conversations they may not. So again show me the agreement or admit you were wrong and move on. I am tired of your banter about a non-existing agreement. You are right about the PR and he should not of said anything about that possibility since some chairmen think that reducing the amount of shares by a reverse split gives them status but does nothing for the current shareholders save raise the price per share and eliminate a whole class of investors. However there are times that stocks have reacted positively to it when the company moves up the ladder to a new exchange and it has strong management and a good product which brings in another class of investor.
If you are an investor then research material facts, If you just want to dump on the stock and therefore, the people who own the stock, try o get some new material with facts.
Please post where it says they have to r/s as part of the deal. Ben Berry from synergy has no remaining interest in this stock and therefore would not require and could not dictate a R/S. That is the only deal that I know of where Synergy sold the shell after it was cleaned up.
Thanks for the response. He is either wanting to get cheaper shares or is smoking the weed.
Ranger what reverse split in what deal is he talking about. The only reverse split that was mentioned is when they put out a PR saying they might RS in future. There was no mention of RS in the deal with Synergy and they have no interest in anything that Xgen does. He has confused me. Any info would be appreciated,
Great points Sporty. You always put things in perspective. I will be adding more on Monday before I hope anything comes out. Thanks for the info.
I HOPE EVERONE GOT OUT OF THI SNOW SINCE THIS IS GOING INTO THE DUMPSTER.
This can be the best board ever where winners only reside.
Sporty Me and the guys are here now. Lets make money.
I told Sporty that it traded on the Nasdaq under its previous name Stem Cell Assurance when I was buying stocks that were looking into technology to alleviate various medical conditions. Stop beating a dead horse.
I want a public reply so he will cover my losses
Wow do you think I should sell my 10 million shares on Monday. You are scaring the shit out of me. I cannot afford to loose my money in this. I listened to all the pro Brtxq posters and you are calling them liars, especially Sporty Norty. Can you guarantee that this stock will fall?
Concurr Sporty
Well I guess Sporty was correct all along and worked real hard keeping all of us on top of the progress and delays throughout this difficult stock.
I for one want to publicly thank him for his continued posts that were most informative and factual. Thanks for all your efforts.
He knows
Hope so.
Great DD and Thanks for providing. It has been what some. like Sporty Norty, have been saying all along. It is right on target and when the word comes from Judge Grossman "Effective" we will fly and can finally shut up the idiots spouting their claims of doom.
Thanks again.