Replies to post #2715 on XR Energy (XREG)

[samroux]

Then there was a miscalculation, because...



The filings clearly state maturity dates of July and August for those notes. Plus, let's not forget the re-negotiated debt handed out in March with the conversion floor dropped to .0002.

On March 14, 2019 the company issued 13,000,000 shares of common stock to GPL Ventures LLC for conversion of debt.

On March 18, 2019 the company issued 14,000,000 shares of common stock to GPL Ventures LLC for conversion of debt.

On March 21, 2019 the company issued 15,000,000 shares of common stock to GPL Ventures LLC for conversion of debt.

On March 21, 2019 the company issued 4,200,000 shares of common stock to EMA Financial LLC for conversion of debt.

On March 29, 2019 the company issued 17,000,000 shares of common stock to GPL Ventures LLC for conversion of debt, all at $.0002 per share.

I don't believe I need to provide the arithmetic on this, because it obviously equates to 100's of millions of shares of dilution. What's the current O/S count? Tomorrow should show it to be around, what, 350 million? Yeah, not even close to having all the toxic shares dumped, especially not when half of the shares dumped thus far were insider shares so that the filings could be paid for.

Several hundred million more shares of dilution to go!