XNRGI Inc fka NPWZ

[ShortonCash]

Who was the prospective customer with the agreement in 2016 to provide 100 batteries

How is anything not made public from those test and certification not insider trading... Seems to be a sweet deal Union Capital made with the conversion of if they had an inside track and they very well could be the source of the seemly endless supply of stock to bring share price down....

Who is Union Capital ? How many share do they have now...
Going dark conceal more than NPWZ actions it also kept the shareholder holding percentages dark by being non reporting....could they be the left over holders of the the debt for Teckion assets and could their deal be the reason for the poor reporting keeping the CFO and and accountant onboard for so long....

http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11558689-77061-77755&type=sect&TabIndex=2&companyid=94052&ppu=%252fdefault.aspx%253fsym%253dNPWZ


Note 9. Subsequent Events



From July 5, 2016 to August 5, 2016, Union Capital converted $39,500 of principal and interest of $1,860 into 277,901,250 shares of common stock in five installments under the Note described in note 5.



In August of 2016, the Company entered into an additional Six Month Convertible note, (see Note 5) for $125,000 of proceeds received.

Convertible Promissory Notes Payable – Inter Mountain

On May 7, 2014 we received an initial payment on a May 5, 2014 Securities Purchase Agreement with Inter-Mountain Capital Corporation LLC (“Inter-Mountain”), for the sale of a 5% Secured Convertible Promissory Note in the principal amount of $832,500, which included legal expenses in the amount of $7,500 and a $75,000 original issue discount, for net proceeds of $750,000, consisting of $450,000 paid in cash at closing in May 2014 with the remaining amount of $300,000 funded in March 2015. The outstanding balance of this note in our consolidated balance sheets at June 30, 2016 and September 30, 2015, is zero and $231,010, respectively. The note bore interest at the rate of 5% per annum. All interest and principal was to be repaid on or prior to October 7, 2015. The note, as amended, was convertible into common stock at the lesser of $0.05 per share or 75% (the “Conversion Factor”) of the average of the three (3) lowest VWAPs in the twenty (20) Trading Days immediately preceding the applicable Conversion (the “Market Price”), provided that if at any time the average of the three (3) lowest VWAPs in the twenty (20) Trading Days immediately preceding any date of measurement is below $0.01, then in such event the Conversion Factor shall be reduced to 70% for all future Conversions. The Company had the option to prepay the note at the rate of 125%.

.

We recorded beneficial conversion feature in the amount of $76,706 for the funding paid at initial closing in May of 2014, and an additional $135,178 for the two secured promissory notes funded in March 2015. During the nine months ended June 30, 2016 and 2015, we have amortized $5,024 and $120,348, respectively to interest expense in our condensed consolidated statements of operations. During the nine months ended June 30, 2016, the Company opted to convert $78,750 of principal and interest into 60,458,806 shares of common stock. On conversion, we recorded a reduction to accrued interest of $2,692, and a reduction to notes payable in the amount of $76,058.

Inter-Mountain Capital Corporation LLC loan and partnership also had the conversion based on stock prices and incentive for manipulative trading.... and corresponding lack of public disclosure and non reporting...

On June 17, 2015 we received an initial payment on a June 16, 2015 Securities Purchase Agreement with Inter-Mountain, for the sale of a 5% Secured Convertible Promissory Note in the principal amount of $832,500, which included legal expenses in the amount of $7,500 and a $75,000 original issue discount, for net proceeds of $750,000, consisting of $150,000 paid in cash at closing and four secured promissory notes payable to the Company, aggregating $600,000, bearing interest at the rate of 5% per annum. On July 31, 2015 one of the secured promissory notes was partially paid and the company received $50,000 and that note has a $100,000 remaining balance. The net value of these notes on our consolidated balance sheets at September 30, 2015 and June 30, 2016, was $227,500 and zero, respectively. The note bore interest at the rate of 5% per annum. All interest and principal was to be repaid on or prior to September 15, 2016. The note was convertible into common stock at the lesser of $0.05 per share or 75% (the “Conversion Factor”) of the average of the three (3) lowest VWAPs in the twenty (20) Trading Days immediately preceding the applicable Conversion (the “Market Price”), provided that if at any time the average of the three (3) lowest VWAPs in the twenty (20) Trading Days immediately preceding any date of measurement is below $0.01, then in such event the Conversion Factor shall be reduced to 70% for all future Conversions. The Company had the option to prepay the note at the rate of 125%.



The Company entered into an agreement with a prospective customer to provide 100 batteries. A $10,000 deposit was received, with the balance of an additional $10,000 to be paid if seven prototype batteries pass tests and certification. Then the order would be completed for 100 units.