Replies to post #40017 on Xun Energy, Inc. (fka XNRG)

[Captain Black Bob Blanco]

Well the entity who bought the debt can't be happy, in my opinion. Wasn't the first tranche of settlement shares issued some time ago? There has been little to no volume for months now, so they have to be sitting on those shares just like the rest of us.
A reverse split may be the only way out of this, but how likely is that to happen given the facts that we are in default with Nevada SoS, delinquent in our SEC filings, although not required to file there according to some, and have a yield sign with OTC?

[Captain Black Bob Blanco]

Found this online. "In the case of a company with securities quoted in an over the counter market, like the OTC Bulletin Board, there are no listing requirements. However broker-dealers participating in the OTC Bulletin Board markets are members, and governed by the rules, of the Financial Industry Regulatory Authority (FINRA). FINRA Rule 6530(e) prohibits members from quoting the securities of a company that has failed to timely file a required report three times in any 2-year period, or that has had its securities removed from the OTC Bulletin Board quotation service twice in a 2-year period for failing to file a required report within 30 days of the filing deadline. Once a company’s securities are prohibited from being quoted on the OTC Bulletin Board the company must timely file all required reports for a period of one year before it can regain eligibility."

TODAY IS DAY 91 SINCE MAY31 XNRG YEAR END
ANNUAL REPORT IS DUE IN 90 DAYS, OR NT10K MUST BE FILED ALLOWING AN EXTENSION OF 15 DAYS.