Replies to post #3251 on XR Energy (XREG)

[dmski1]

There must be something why would the debt holders want stock? Debt holders are in a higher position in a liquidation.

[samroux]

But he won't, because he can't.

He's already run out of liquidity because this thing is an abhorrent insider enrichment scam. 20 billion A/S? Lol. There is debt that would convert out into billions of shares. It's so out of bounds that I can't see any promoters even trying to push it. It's just too glaringly bad.

And this is why Smethers conveniently handed himself 10 million preferred shares after the last report. This will get dumped to .0001 x .0002, then reverse split.