No I don't see a problem with it. It is safe for me to assume that it is not believed that XNRG will accomplish the necessary steps to become successful in re registering, fair enough. I personally believe they will.
The fact remains, and feel free to ask your broker, the common shares current shareholders own are not gone and once XNRG meets its goals to prepare for re registration it will be initiated and completed.
Could XNRG fail to accomplish this goal? Sure but it is still clearly possible for them to succeed.
Renee, if interested review this Section 3(a)(10) exemption hijacking effected by XNRG. There is so much fraud in here I think you will understand better why XNRG quit filing in the first place.
They did not want to disclose all the shares issued for fraudulent services.
365K to CM Research LLC and their subcontractors for non disclosing promotion.
Key on page 8 and 15, although the whole document is a very good read on what not to do when running a public company.
They never filed another quarterly or annual disclosure following this bold, and highly fraudulent, scheme to further defraud the public.
Other highlights include 835K to Vencedor for wells never drilled, 387K to Jerry Mikolajczyk for "consulting" before he became CEO from 2011, and 365K to CM Research LLC and their subcontractors for for the illegal promotion of XNRG.
CM Research LLC and the subcontractors were also involved with the illegal promotion of another stock with fraudulent Section 3(a)(10) hijackings and non disclosing promotion there as well, which is clearly prohibited by Section 17(b).