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Re: 4on4off post# 38461

Tuesday, 04/07/2015 6:26:21 PM

Tuesday, April 07, 2015 6:26:21 PM

Post# of 44483
The issuance of free-trading settlement shares worth over $2 million is so MASSIVELY dilutive that daily safety net prices would not be able to prevent extreme downward pressure on the share price.

The option for a safety net price when the stock is already at no bid is meaningless. Setting a safety net price above where the stock can be traded would be unreasonable.

The only way setting a daily safety net price would have meaning is after a reverse split to prevent an immediate death spiral of the split-adjusted price.

Keep in mind that the way Jerry Mikolajczyk set this up is that ECVI first sells its shares and then gives 90% of the proceeds to the debtees to repay their so-called "debts," which include invoices for services not yet rendered. If ECVI can't sell the settlement shares it receives, Jerry, Peter, Vencedor, CM Research and the other debtees won't get paid.

This structure in which ECVI did not first pay in full for the debt is likely an obvious misuse/abuse of Section 3(a)(10) and an attempt to circumvent registration laws. It's just one of the reasons that the SEC could take enforcement action against the company such as a suspension in trading of XNRG stock and relegation to the grey market.

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