One thing I didn't know is that a company can stop their stock from trading with a press release.
Well, sort of.
They must have sent some paperwork to OTCMarkets and to the market participant(s?) with a 211 on the stock. Or maybe the transfer agent did it for them. Apparently, their FINRA paperwork (non-public into) took care of it. I wish I could see a copy of that somehow.
I really did not know you could cease trading in a company's stock like that. I thought you had to file with the SEC to stop a security from trading. Based on what I can see, stock trading ceased Wednesday at the close, and all orders on the order book were cancelled on Wednesday. I had an order in for 3 million shares at .0001 after the dividend date --- and the order was cancelled around midnight on that date.
(I think they CAN re-activate the stock if they so choose. Like to stuff some asset into the empty shell. For now, I still show a book entry of a non-active stock in my account. We shall see.)
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web.archive.org
Dallas, Texas - January 15, 2016
Xponenential, Inc. has received the release of the balance of the funds escrowed.
Stockholders: We are pleased to announce that we have received the release of the balance of the funds escrowed by the purchaser, Cash America on December 9, 2015 and we closed the sale of the two properties owned by PawnMart, Inc. in December 2015 as well. Read more (.pdf)
"...After calculating reserves for federal and state income taxes, we have authorized a $1.45 per common share distribution as a return of capital consistent with our previous announced plans to complete a wind down of the company. Your portion of the distribution is included or will be credited to your brokerage account by our transfer agent, Continental Stock and Trust Co. The record date for the distribution is January 17, 2016. Effective on that date we have notified the transfer agent, Continental Stock Transfer to discontinue all trading and have notified the appropriate agencies and market makers to discontinue trading the Company’s common stock...."
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