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