Hi Glenn, but according to some public documents created by the company found subsequent to the conversation with the transfer agent, and posted on this thread, XSNI had issued over 100,000,000 shares of XSNI AND there are 10,000,000 preferred shares.
BTW - not all shares have to go through a transfer agent, particularly when the company parental doesn't even consider this company to be legitimately placed on the exchange, although they have produced public documents that permanntly mark XSNI as an OTCBB stock to acquire xstream Canada.
Not all OTCBB stocks are garbage, but the majority of them are, hence the reputation of being placed on the OTCBB exchange, but I am not going into that here.
As for the time delay in redeeming the stocks for US cash - consider that this company parental does not consider itself as being subject to the Securities Act for a NASDAQ stock - they filed as a Bulletin Board stock specifically for the reason they do not have to make any disclosures - typical of pennies that are run by CEOS of companies in the US that have less than honorable intentions; carpetbaggers are everywhere in the OTCBB - hence the BB reputation. And the CEOs are correct in their treating XSNI as being considered totally privately held and can be subject to anything the CEOs want to do; and we have seen they are capable of doing just that, NYC attorneys have said exactly the same thing, listed on OTCBB - don't have to report anything until 2000 - by then you will know just exactly what this POS is - DOA. Note this excerpt from the information below:
dealings are relatively invisible. and so is share dilution, so is the removal of all assets from XSNI, so is the shareholder; this creation is and was not a mistake; documents produced by the experts in corporate creation for the past 30 years know exactly what they are doing.
One thing I do know, the management KNOWS exactly what they are doing and is has nothing to do with the interests of the XSNI shareholders nor will there ever be XSNI symbol in any PR, whether the company pays for the reports or whether FT publishes an artivle. You are holding INVISIBLE shares - remember someone posted PHANTOM SHARES? You now know what the brit definition of phantom shares are - invisible - nonexistant - no see ems.
2 Aug 1999 12:27:28; durlacher.com
X-Stream is a privately held, UK-based
company that has a listed status on the NASDAQ Bulletin Board. It has few of
the reporting obligations of a full-listed NASDAQ company so its NASDAQ
dealings are relatively invisible.
hope this helps,
Nick Gibson
BUT SINCE I AM NOT DOING DD, I have left this up to Sherlock, Dennis, Burt and vbroady to watch how they perform, and to see how using 5% of one's brain as opposed to the normal 10% affects one's ability to wrangle through the quagmire created by self described experts in corporate manufacturing who have used 11% of their brain.
Anyway, Glenn, I thought you'd like that bit of information forwarded to me and it will give the 'five percenters' something to do today besides talk about FREE and AOL. CUL8TR Glenn, :-) Demi |
