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Your screen shot is of the company old logo. The CEO is on Kerry's linkedin page. Maybe she invited him to do business with their company Maybe she didn't. You don't know what any of it means and the company is very good about correct filings with the sec. I haven't seen any promotions by the company and they are doing business and keeping their shareholders informed.
Your post has nothing to do with XNRG and shouldn't be here.
And now VERIFIED OIL PUMPING! The financing must not be to toxic they are still a Rollin' and now a pumpin PA crude.
End of subject.
I just spoke to the company who says that the oil goes to the red tank and the water goes to the smaller tank. The small tank is emptied every couple of days by being picked by a water treatment facility that is certified by the Commonwealth of PA. The water is treated then it is released into a river that is designated as an approved release area. The company confirmed that Ergon is the refinery they are working with and the tank is a 210 stock tank.
So XNRG are pumping oil and are being environmentally aware.
I like this investment. XNRG.
Don't I know it. Is like what Florida is to oranges... California is to movie making...Washington D.C. Is to crooked politicians. Hard to beat and plenty of it around.
XNRG
Pennsylvania oil producers produce more than 2 million barrels of Pennsylvania Grade crude each year. Penn Grade crude is a superior quality, paraffin based crude oil that is refined into lubricating base stocks. Lubricants made from Pennsylvania grade crude have been the choice of equipment manufacturers and consumers for more than a hundred years.
--Pioga.org.
Xnrg is adding to that 2 million barrels. Go Xun!!!!!
Nice Rice well update by Xun today. Can someone update the information box to show the positive updates by the company? Who does that?
XNRG
And look at what the company has done since last year:
Www. Xunenergy.com/xun_operations.aspx
I don't think a little oil fairy with her magic wand is scattering pixie dust to make these operations happen. it takes money to make money just like so many people on here keep pointing out. This is an developing company so it needs shares for cash to develop. This is a pretty straight forward approach and a approach that is pretty much one used by most or all penny stock companies. At least this one is fully reporting is communicating with shareholders and is not being looked at under a microscope by the sec. At least they are progressing in something big time to and that is oil. I don't mind paying for what they need to get er done. I think I might be very rich when they do!
xnrg
Looks like you didn't read yourself. If you go down to near the bottom you see where that letters of intent are not required since these are not considered material. A letter of intent is all that the company would need to establish footing and have a reason to consider more business talks, negotiations, pursuits, etc. I couldn't take a letter of intent to my bank and ask for a loan from that. They'd tell me that looks good but come back when you got the contract for them to buy your stuff.
Not everything a public company does in business is seem as material. They establishes the Xun oil energy division and announced it. Until there is a binding contract or money in the account everything is thought as business as usual until these things happen. If every company was required to publish an 8k every time they did anything relates to advancing their operations they'd never get any work done because they would be so busy filing 8k's.
Xnrg
It's not a interpretation the law is pretty clear in what is allowed mandated and excluded. Obviously the company is not acting in an underhanded way or it would not be trading or at the very least have a public investigation by the sec. You are just flat out wrong.
That should read I DONT understand what you mean by spin it. I am not spinning anything that is the law.
I do understand your point by spin it. That's what it is. Xun would be in a lot more trouble for creating a non existing division and pointing the public to it then if they didn't release a 8k for a deal that they made money for. If they are lying that spells very big trouble. Reading what I have in their filings and in interviews of the CEO I just do not believe that they would take such a risk.
Thank you for highlighting what I was saying. What is deemed as "material" by regulators is broad. Some agreements made during a company's normal course of business doesn't have to be announced according to the sec. If Xun have signed up with other companies to market oil and that does include signing certain kinds of agreements they don't have to release an 8k until there is a specific dollar amount agreed to. So the company could easily be finishing up tying of loose ends so that finally they can shake hands and sign agreements that generate revenue. That will have to be 8k because revenue gain materially impacts the business and is something that would most likely impact if a shareholder wants to buy or sell.
Xnrg
Lol. I feel you.
For what it's worth wrenchman, I agree with you. I am looking through old filings now and feel more and more secure with my investment. I don't have a lot of shares by some standards only about 8 million but that was a lot off money for a working schmo like me. I. Feel really good about the progression and think we might be very close to finally seeing paydirt. You have to admire a company that is as meticulous as this company is with its filings and releases. Surely that type of professionalism and attention to detail has and will help them win the attention of people and companies that can bring good business. My guess is that is why there is an oil marketing site.
Also, I don't know if people know this but they don't have to 8k their dealings until something is signed that changes the structure of the current business operations. There are a number of things they could be on the process of right now and they don't have to 8k it. But when any of these spell out money in the bank in no time the company has to 8k it. They could be negotiating with the Sultan of Dubai who thinks Jerry is the cats meow and Jerry doesn't have to say a word until the negotiations are in writing with a guarantee. That is what I am banking on!
Xnrg
Yes Xun has sold oil before. Do you not read the company history and other public information? They sold some oil in 2011. My bet is they are about to sell bunches more too.
XNRG.
According to the filings and there are plenty to sift through the company has been straight forward and are pretty careful. It also looks like maybe some people bought in higher on "momentum" created by sentiment encouraged by outside people. Patience here is the key. It is obvious from the looks of things that the company has been working on projects outside of the Pa wells. From the looks of it we will soon be finding out what this is.
Exactly my point. There is a buyer for the Rice oil right there in PA. There is no need for a marketing division for that oil. That amount will probably be just a smidgen of what they will have their hands in. After following the trail from that Post the other day I am thinking there is a foreign connection with long arms that the company is establishing business with. There would be no other need for a marketing division.
Thank u for your post sir.
You must be talking about another company to this was intended for another poster? 500 K a year? The likelihood of income many times that is here wth this company maybe do a little dd on what oil marketing is and the companies they could be doing business with very soon I did by following the trail on the Gulf post the other day. This is not just about the Rice wells. This looks to be something way more huge than that.
This a little confusing. You invest in a development stage company. The company has outlined its strategy from the start from what I have read in the past week. The company states in its filings how much cash it has. And again the company states what it plans to do. This is a public penny stock. The reason for them to be public and to issue shares is to raise capital so that it can see their plans a reality so that it can generate income eventually.
So the company sells shares? Whether the A/S is 5 thousand or 20 billion, chances are everyone here bought their shares at less than 2 cent. When this company has started to generate revenue with the PA oil And what looks like marketing of additional oil most likely, the share price will be well beyond that because of the EPS. If the company earns the money it has the potential to earn, and it definitely looks like it is on its way, you won't care about the share structure or the dilution it took for them to make their plans work. It's a real business with real plans in an industry that could result in them making more money than they could have imagined.
So, don't sell shares and dilute and go no where? Or sell shares dilute invest the money properly and go far? Pretty easy to figure this one out.
Hold up there a cotton picking minute. We don't know exactly what caused the delays. The delays and relocation problems could have been a result of unpaid taxes on the land itself by the land owner. Or it could have been the land owner wanted more money or a different approach to access after fact. It could have been to crop circles discovered in the area. None of those reasons are the fault of the company. We do not know the reasons for issues unless the company spells them all out. Which depending on the problems may not be worth it or in the best interest of the company to announce. I like to see my money work. I like to see results as much as the next guy. But I am realistic too. And I see that if you invested in this company last year or yesterday that as of the update on the forum and now I see it on their tweeter account, you have results.
I read the other day that there were delays and relocation caused through no fault of the company. If that is true then you certainly can't expect the company to produce at a specific rate. It doesn't matter that drilling started last august. The well is producing today and is producing nicely it seems.
It didn't drill itself or start pumping by itself. It takes money to make money. Sometimes it takes a lot of money and time to create something that will be cyclical for the long term. This looks like a great investment. So long as you didn't expect to get rich in no time.
Www.ergon.com/prices
I like your dd. I checked this stock out last week and like what the company is doing. There is some pretty good stuff out there about oil in Pennsylvania. The united refining company which owns citgo processes about 65,000 barrels of oil per day. There is a lot of oil inpennsylvania and even though there have been a couple of minor glitches here with this well it looks very promising that Xun might be a customer of this refinery.
Does anyone know what the minimum hauling rate is for a tanker pickup? Without tariff fees I mean. I would say that if this water issue is repaired in the next couple of days the well will be pumping at full capacity and Xun will make its first sale from this well. It sure looks like it might be one of many more.
XNRG.
Thank you jrt. She's got spunk and maybe a reserve of energy some of us might give up c certificates for.
If she is able to post those documents and they give some detail about there Bahamas deal my guess is they are very close to breaking a champagne bottle or the dirt with a shovel. I like those questions to and there are a couple I have asked myself a few times. If she gets us those answers from mr Saha with the papers I would think that only someone with no knowledge in running a business or having to make your own way in the world would not have a lot of faith restored whether they have received their certificate yet or not. I have been around a while and have learned that people who have something to hide or are following a dark path don't tend to come out swinging like they are. It has been a long time but how long did it take to build the Great Wall of China? And look how it still stands today. Thank you for the update.
I am new to posting here but I have been reading this board for over a year when I bought in to this company. A lot of determinations are made here based on someone else's supposed knowledge on a company or regulatory agencies laws when in fact, at least in this case, most of the information lacks much that is required to be thought of as something to be referred to let alone considered rule.
--Yeah, I wanted my certificate weeks before I got them. But get all bent out of shape because I didn't? No. Why? I can't do anything with it before September or October but look at it. Why waste my time fretting over something that will happen when it happens? I think I said yesterday that they are not a conglomerate with a bunch of people working. After reading Mr. Villiotis's statement yesterday they are even busier than I thought. I would much rather let them do what they have to to make sure they can be ready for operations when all if the financial T's and i's are crossed and dotted than have to waste precious time answering my email or phone call asking about my certificate. They have attorney Saha as their securities lawyer now. It seems highly unlikely that he will allow the company to make a bogus promise about preferred c shares. Some lawyers might work like that but I have done my due diligence on Mr Saha and am 100% sure he is more than above board.
I think I said yesterday too that there is likely financial backing and maybe from foreign interest that will allow the company to pay its shareholders the 4 million. Maybe it is Mr Villiotis's money or the tooth fairy's money. Maybe an angel investor has promised in writing to back the company once Mr Villiotis has performed certain requirements. Maybe he has a contract in place that will go into effect on a certain date that guarantees life changing revenue. We simply do not know. They don't have to inform the public of this details yet. Maybe is so many people has stopped calling around and bugging people he was doing business with or trying to get the company closed down by "whistle blowing" to the sec, these things would not have taken so long. And that is funny too since I have been watching it said for over a year that he is going to be closed down by the government or forced into bankruptcy but he just posted yesterday that another government is working with the company to build a port there and a fortune 100 company is willing to do business with him. Doesn't sound to me like he is someone who is going out of business or going bankrupt. I know too that he would have to prove his legitimacy to both the company he will be working with the government of Bahamas that he is worth the risk and investment before they will promise anything. I worked with a company that was given a similar opportunity but on a smaller scale 25 years ago. And that was before it was so easy to read all the ugly things about a company online. In these business deals you have to prove your stuff.
Just because you don't know about Broadridge providing incomplete lists to companies does not mean it doesn't happen every day. Most likely there is more attention paid to larger company's information than a small penny stock company like PVEC. I was not on the list. I talked to Kerry who also tried to find me looking at different spellings of my name and by my location but I was not there. I gave her what she needed and I eventually got my certificate. It seems to me that unless she wanted to give herself more work by randomly deleting names from the list for some crazy reason and I doubt that is the case since she seems to have more then enough to do my name was not there. I think too that Mr Saha would know this too and would not allow the company to say a shareholder is absent when they are not.
It can take a long time to build a house with only a few people. Especially if you live in a climate where you are forced to carry an umbrella several days a week.
It seems that you have missed the point and that you are not very familiar with the day to day of business operations and a company expanding. since the company has confirmed that they have confirmation from the Bahamian government that they are on board and that they have the relationship in place with the insurance carrier AND there is a obviously very large company that is agreeing to do business at the port that this something that has been in the works for at least many months. With the backing the company has appeared to have secured along with the everything require to meet the demands for the insurance it makes sense that the company had to dilute in order to pay the monies to satisfy all of the red tape involved. It is highly unlikely that these negotiations required to do all of this was cheap.
Your 144 claim is only applicable for converting to shares. I see my certificate as something that I will redeem to the company for cash. Like cashing in a rebate form. There is no 144 rule with that.
If all that the company has just finally announced to we shareholders is true and it seems it is since he would be in big trouble here and there if not true, then the company will not have trouble paying their shareholders the 4 million dollars.
PVEC might have plenty of money coming as part of an investment guarantee if once they secure a kind of collateral and it looks like that might be the land or maybe even the ship. Whatever it is they have gotten someone's attention who might or most likely will help them with making an awful lot of money for a very long time.
If they have the backing Mr Villiotis has mentioned in his statement a RS would not be necessary and the market will take care of the pps while the company is making revenue and working in partnership with already established companies who often do work with small companies for many reasons. It usually ends with the big company making even more money than they do now and that is business.
Confirming commitment to infrastructure support by the government of the Bahamas is pretty meaty stuff. When a government confirms infrastructure support that means finances will be provided by the government to help see that the port is viable and available.
That is great news! If the government of the Bahamas is working with the company then the company must have proved itself legitimate and worthy!!!!!!!! This is wonderful news. This should probably be public on their website?
Thank you for this message!
I don't like the PVEC lawsuits. Honestly they do worry me some but all businesses are sued just like their principals at times to. I have had the same position for a year. I did not sell a share since I bought them. I was not on the nobo list according to Kerry. She gave me simple instructions to follow to prove my position on the record date and I did including special information to but in the subject of my email to help her identify what is in the email. I did exactly what she asked and gave her all that was needed to prove I owned my shares. It took her a couple of days to reply but she did and she thanked me and she told me she was going to put me in the list for Martha to process. It took a little more than two weeks but I got my shares certificate Tuesday. It's a public company but it is not a conglomerate with a bunch of people working. I know things can take longer than I like but that is every day life. something I understand about every penny stock I invest in.
Since I have the same shares today that I owned a year ago and never changed anything about my position and I am not on the list I have to say the list is not complete. I am not an objecting shareholder and should be there. That is not the company's fault. Just because the list is provided by a company that provides lists to most companies does not mean that they are perfect or fool proof. Human error is found all day every day in computer generated lists and information. Just look at the major problems with the healthcare website Or the delays in IRS payments being processed. Two of a whole bunch of Examples of not so perfect computer operation because of human error and people who probably just don't care to do their jobs.