Xun Energy, Inc. (fka XNRG)

[StockSurfer88]

"This company has close to a million dollars of debt, less than $25k in cash and could raise less than $60k if the SEC approves the issue of 75 million more shares of it's practically worthless stock. They would like to move into a property in Melbourne that is for sale for $7 million. They produce nothing and do nothing but speculate on leased oil wells, of which they have drilled only one as of last month and it only smells like petroleum might be down there.

Why is the County wasting time even considering this absurd recommendation from the EDC?"