Xin Net Technologies - BB: XNET - The Next Internet Stock? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock?

XNET 7.645

-0.2%

Jan 16 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FFNEODOC who wrote (1199)	4/22/1999 7:23:00 AM
From: Sprintcar	Read Replies (2) of 1593

Ô±Î¥¹æÎ¥THE GOOD FORTUNE COMMENTARY±¡×ö³öÈçÏÂ April 21, 1999 SEC Filing Just Around the Corner It's widespread knowledge that many investors (and for good reasons) are simply reluctant to invest in OTC BB companies due to the absence of mandatory financial reporting requirements. Over the last several weeks, many people have expressed doubts about XNET's intention of becoming a NASDAQ listed company. Some people have even wrote XNET off as mere spamming and outrageous pumping all in an effort to drive up the company's stock price. To allay the concerns of many existing and potential investors, I recently e-mailed XNET and inquired about their intentions (and timing, if relevant) of filing a Form-10 (a prerequisite document for gaining NASDAQ listing which essentially requires XNET to reconcile its financial statements to U.S. Generally Accepted Accounting Principles) with the SEC. In response to my e-mail dated April 13, 1999, Mr. Ernest Echeung (Director) replied: "Sorry for the delay in answering your message, I was out of commission for a few days due to a traffic accident. The Form 10 is being reviewed by a lawyer, I think it will be filed by early May. We are in the middle of our 1998 audit and the results will be incorporated in the filing. Then it is in the hands of the SEC to decide when we get approval." XNET closed unchanged today on slightly higher trading volume of 193,600 shares from yesterday's volume of 189,900 shares. The often wide bid/ask spread of XNET's stock is something worth speculating about!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next