InvestorsHub Logo
Followers 137
Posts 48542
Boards Moderated 0
Alias Born 10/27/2016

Re: catar post# 27801

Monday, 01/18/2021 5:21:33 PM

Monday, January 18, 2021 5:21:33 PM

Post# of 45194
Read the Q all 8.27 billion are unavailable to the company because they have been issued and held at DTC in accounts. They cant cancel shares that have already been issued and at DTC its simply not possible without RS

Section 2.6 Authorized Shares. The authorized capital of the Company consists, immediately prior to the Closing, of: (i) 8,900,000,000 shares of common stock, $0.001 par value per share, 8,272,627,462 shares of which are issued and outstanding immediately prior to the Closing; and (ii) 100,000,000 shares of preferred stock, par value $0.0001, 100,000,000 of which are designated Series A Convertible Preferred Stock and 100,000,000 of which are issued and outstanding immediately prior to the Closing. All of the outstanding shares of Common Stock and Preferred Stock have been duly authorized, are fully paid and nonassessable and were issued in compliance with all applicable federal and state securities laws.

https://www.otcmarkets.com/stock/XMET/security