Replies to post #37218 on Xun Energy, Inc. (fka XNRG)

[Huggy Bear]

He has a lot of hours on that 3a10 to collect

Absolutely. To be precise -

338 hrs. @ $350/hr. in March 2011 for $118,300 that the public now owes him.

353.5 hrs. @ $350/hr. in April 2011 for $123,725 that the public now owes him.

And a whopping 415 hrs. in May 2011 for $145,250 that the public now owes him.

Then in June 2011 he becomes the CEO of XNRG and the share price has steadily declined since then.

Any shareholders consider this debt legitimate and worth being paid for via unregistered and free trading shares being sold directly to the public?

That is dilutive, but I guess some consider it accretive dilution, i.e. dilution for a specific beneficial end?