Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) Message Board

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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)

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To: paunch13 who wrote (5039)	9/14/2000 10:22:51 PM
From: Alan Vennix	Read Replies (1) of 5143

Paunch, we also heard that the Arizona commission is investigating certain irregularities from the past. Based on my experiences with other pink sheet and OTC stocks, I expect the company will keep a low profile until the investigation is complete. Don't know how long that will take - state commissions work slowly. In one stock I am in (software/browser), the investigation into alleged trading and PR irregularities (and I don't know that this is the focus of the XTCI investigation) took over 6 months and resulted in a fine ($50k), return of alleged improper profits and agreement to have all PR's reviewed by outside legal counsel for a period of 4 yrs. Company is again issuing PR's on progress and they are regarded as believable because of outside review and knowing the SEC is watching them closely. When the AZ investigation is behind them I expect XTCI to again begin reporting results and, hopefully, they will be significant. In the meantime we wait (im)patiently. Alan

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