InvestorsHub Logo

Kid-Gloves

08/22/14 6:25 AM

#30593 RE: daddyvlo #30592

Any ideas when to expect financials?

ahall

08/22/14 7:20 AM

#30594 RE: daddyvlo #30592

I guess a R/s will have to happen. All $$ avenues are exhausted

Cassandra

08/22/14 10:48 AM

#30598 RE: daddyvlo #30592

Jerry clearly stated "not from the video" that no r/s is happening in the near future. He also stated when the next update will happen.


Jerry also clearly stated in the 10-K for FYE 3/31/14 filed with the SEC on 5/31/14 that the company may have to do a reverse split to meet the minimum share price of $.50 required under the AGS Capital Group Reverse Equity Agreement (REF). Jerry should stop referring to the REF as an Equity Line of Credit as they are not even remotely the same.

Details: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105495135

We may not have access to the full amount under the equity line of credit.

For the five consecutive trading days prior to September 9, 2013, the lowest closing trade price of our common stock was $0.0008. There is no assurance that the market price of our common stock will increase substantially in the near future. The entire commitment under the equity line of credit is $15,000,000. The aggregate number of shares of common stock necessary to raise the entire $15,000,000 at $0.0008 per share is 18.5 Billion. The number of common shares that remains issuable is lower than the number of common shares we need to issue in order to have access to the full amount under the equity line of credit. Therefore, we may not have access to the remaining commitment under the equity line of credit unless the market price of our common stock to increase substantially. The Company may have to restructure the common stock through a common stock reverse split to meet its minimum price of $0.50 per share of common stock.

P. 31: http://www.sec.gov/Archives/edgar/data/1435936/000143593613000170/f10ka20130531.htm

MaxDaniel

08/24/14 2:22 PM

#30625 RE: daddyvlo #30592

XNRG -

After looking over the video. He mentioned that he has a 5 year plan and they are only four months into the plan sometime last sept 2013.

Did you notice the release date of the prospectus was January 2013? Even so plan was formulated in 2011.

Mr. Jerry G. Mikolajczyk was appointed President, CEO, CFO, and a director of the Company on May 31, 2011. Prior to the appointments, Mr. Mikolajczyk was a key consultant to the Company who identified the opportunities available to us in Kentucky, helped negotiate our contracts, and assisted the Company with its financial reporting including SEC filings and our financial statements from February 2010 to May 2011.

. Like some mentioned here, just because a 5 year plan is in place is not a reason to destroy the company. Seems like an excuse to NOT execute the "plan" in a timely fashion. Mikolajczyk is wishy washy and puts misdirection in his words and intentions. There is no way a competent person has 40 years of experience and only has years of failure and broke shareholders to show. CASE CLOSED. This is a sinking POS by the day. Im waiting to see if "chief" will play one last song before this ship sinks. Shareholders dont know which avenue is going to be pawned off as how XNRG is increasing shareholder value. EOM and Im expecting volume so XNRG can keep the lights on.

LOOKIT ALL THAT OIL!!!! GOTTA WIPE THE TOOLS DOWN!!!WHAT YEAR WAS THAT PICTURE TAKEN?