The daily list of Nov. 8 indicates an exchange has taken place, the issuer being XNRGI Inc. and the stock symbol being NPWZ.
I am confused as to where we stand and have forgotten where that 20% to 30% valuation of Neah stock in the new XNRGI comes from.
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
11/08/2018 08:55:41 Exchanged 11/08/2018 08:56:00 NPWZ XNRGI, Inc. Common Stock Other OTC
Comments
1 – 2,000,000 Reverse Split immediately followed by a Mandatory Exchange; shareholders holding less than 2,000,000 pre-split shares will receive cash in lieu of fractional shares; shareholders holding more than 2,000,000 pre-split shares will receive 500 shares of Class A Common Stock for every 1 post-split share on a prorated basis. Cash in lieu amount TBD.
Details
Current Value
Daily List Date/Time 11/08/2018 08:55:41
Event Type Exchanged
Effective/Ex Date/Time 11/08/2018 08:56:00
Symbol NPWZ
Issue Name XNRGI, Inc. Common Stock
Class
Market Category Other OTC
Offering Type No Restrictions
Daily List Comment 1 – 2,000,000 Reverse Split immediately followed by a Mandatory Exchange; shareholders holding less than 2,000,000 pre-split shares will receive cash in lieu of fractional shares; shareholders holding more than 2,000,000 pre-split shares will receive 500 shares of Class A Common Stock for every 1 post-split share on a prorated basis. Cash in lieu amount TBD.
AI
