XR Energy (XREG)

[mkt_predictor]

There is none. Facts are that GPL Ventures continues to convert their note into shares. They are able to convert debt at a price of .0002! That means for every 10M shares issued to them, only $2K of debt is retired. Their note due was over $100K, I think something like $125K or so. That means it will take 500M shares, yes that's 500M shares, before the note is paid off. Add to that the fact that CEO Allan Smethers has gone completely MIA since attempting to bring this current in April, and it spells a convertible death spiral situation.