Sunday, May 28, 2017 1:16:58 PM
1) Does XREE own the train car fleet? They show $839,500 on their latest Q for equipment but that seems awfully low for a fleet of cars of this type.
2)XREE is making the 20 million dollar offer & only has $148,000 in the bank
$997,143 in Total Assets
$12,335 in revenue
And has Quarterly losses of $680,892
XREE is almost bankrupt and yet has a market cap of nearly 1 Billion dollars!
There are no underlying fundamentals to even come close to supporting that large of a market cap!
The only reason XREE's market cap is so high is because since their last R/S of 1 for 1000. (11/20/2015) After the split the O/S was 6,992,834 & then soon thereafter converted most of the A class preferred shares (unaffected from the split) into unrestricted commons. Even though there has only been 289,000 XREE shares traded since the split (11/20/2015) there is now a whopping O/S of 216,596,192. Insiders now own 99.6% of the O/S ! That brings the Market Cap to $844,725,149 ! So with all that said , how do you think it will go down? If at all!?
3) This is your quote from the XTRN board :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130974249
"Until that 32,000,009 plus share dilutive t-trade Just after the close...
Barron has diluted over 1,469,000,009 shares in the past 5 weeks alone!!! "
This post was only 4 weeks ago! Now the reported O/S is 1,834,869,884 is that accurate?
So over the last several weeks CEO Michael Barron of XTRN , dilutes almost 2 billion shares & takes it clear down to no bid .0001 & then a few days ago puts out a press release stating that with his other company XREE he wants to buy all of the XTRN shares for 20 million dollars in cash & stock!
He's now leading peeps to believe he talks to on the phone , that they will receive. .012 per share for the buy out!
So last month he dumps over a billion shares @ .0001 and then decides to buy them back a few weeks later at a staggering 12,000% increase! Hmmmmm !!!
I wonder if the SEC has been checking into this?
I'm still trying to wrap my head around this scheme! !
It will interesting to see how this all plays out.
Any insight you might have , would be much appreciated. TIA
GLTY
KSB
Recent MAPT News
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/16/2024 04:54:17 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 03:52:40 PM
- Form 1-A - Offering Statement [Regulation A] • Edgar (US Regulatory) • 01/04/2024 10:12:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/27/2023 05:23:26 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM