Emerging Penny Stocks

[GreekSeas0ning]

Form 10 Q out $XMET

https://www.sec.gov/Archives/edgar/data/1819006/000121390020028792/f10q0820_xxstreamenter.htm

Read Below for 10Q Important Quotes:

"On September 9, 2020, the Company filed a certificate of amendment with the State of Nevada to increase its authorized share count to 9,000,000,000 shares. Based on an analysis of Nevada law, the Company believes the increase in authorized shares, retroactively, relieves the Company of any liability for over-issuance of shares. As of August 31, 2020, the Company has reduced this liability of $8,197,627 to zero with an offset to Common Stock and Retained Earnings, resulting in no impact on its Consolidated Statement of Operations"

- This means DL probably made restricted shares to cover invalid shares but because no one owns them the company owns them and seek remedy to keep them there for hand over or to cancel in the future.

"On September 22, 2020, the Company filed a Certificate of Designation with the State of Nevada for the creation of 100,000,000 shares of Series A Preferred Stock. On the same date, the Company issued 100,000,000 shares of Series A Preferred Stock to David Lazar in return for valuable services he has performed on behalf of the Company, and to reduce its indebtedness to Mr. Lazar by $20,000. Each share of preferred stock is convertible to 100 shares of common stock and voting amounting to 10,000,000,000 common shares if converted."

-This means DL is interested in selling the shell ASAP/he finds a buyer (he may have one already lined up for example). Preferred stock is how the RM happens to new owners (they get that).

What is a 10Q?

https://www.investopedia.com/terms/1/10q.asp#:~:text=The%20SEC%20form%2010%2DQ,information%20regarding%20their%20financial%20position.

You need to do 10Qs (quarterly reports) to stay current with SEC. This is different from an 8K which is just a material event that can impact shareholders. IMO he is trying to get all paperwork dropped before Nov Court date. Hopefully get OTC Pink by EOY.

$XMET