Replies to post #34268 on Xun Energy, Inc. (fka XNRG)

[Huggy Bear]

realistically a little over 2 billion shares will be needed to complete the 4 wells at rice $167,000x4

This is also moot.

Realistically the point is that the invoice is presented in the settlement for this work being already completed.

If it has not been completed in reality then the invoice is fraudulent.

[Captain Black Bob Blanco]

Well the CEO issued approx. 6 billion shares over the past 12 months, and some of it much higher than .0001. Where has all that money gone? Based on your math, that could have been 12 completed wells.

I am still trying to figure out why we had to wait so long for financing to complete RICE 15 well, when supposedly, according to the contract with Vencedor, the completion costs were included as part of the per well cost, and the Forum answer by the CEO replying to Trapper Jim's query about the wells being paid for, was yes!

So why were 2 notes signed to finance the completion costs?