Replies to post #28726 on XNRGI Inc fka NPWZ

[Bill_ENG]

That is interesting because I specifically asked if my shares were being held at E-Trade and he replied no they were not.

He was not sure which Transfer agent they would be held at, but he was specific that E-trade did not have them.

Financial securities communications are mainly serviced by a company called Broadridge and he said I may be getting something from them in the future as to the disposition of my shares but time will tell.

Next I will call Fidelity and see what they tell me as I also have XNRGI shares in a Fidelity account.

Bill

[Rocinante]

Yes , I just spoke with my i trade broker. They are holding my post split shares but the conversion to 500 Class A per 1 common share has not taken place yet.
He said they received notification of the corporate action on Feb 27, 2019 and that my shares, (500 Class A for every 1 post split share) will show up in my account under a new trading symbol , probably within , you guessed it, two weeks.
He qualified that statement by saying , you know that's the time frame for Blue chip Companies, but these pink sheets are not regulated and it might take longer.
The corporate action is underway though.
Something else bothers me , I read that class A shares cannot be traded . Can anyone shed some light on that ?

[Bill_ENG]

The Class A having the dividend of 10% has been the silver lining to the reverse and exchange with the caveat of " if they choose to pay it " plus in order to pay it they have to publish a value to the shares.

I hope they hold up that end of the bargain as we have been hosed in all others.

jmho

Bill