Special Situations
1 year ago
8-K: Item 5.02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 31, 2023, in connection with the Securities Purchase Agreement entered into by G. Reed Petersen and Doug Cole on March 31, 2023 (the “SPA”), G Reed Petersen, resigned as the Company’s President, Secretary, Treasurer and Sole Director, as well as all officer titles he has used to date.
Further, on March 31, 2023, Doug Cole was appointed as the Company’s President, Director, Secretary, and Treasurer of the Company.
Mr. Cole, Age 67, previously was Chairman and CEO of American Battery Metals Corporation (ABML) from 2017 to 2021, having orchestrated a successful turnaround that resulted in a high of a $2 billion market capitalization. Mr. Cole led the transition from a lithium exploration and development company to a lithium asset and lithium-ion battery metal recycling company and left the company in August of 2021. He was a Partner overseeing all ongoing deal activities with Objective Equity LLC since 2005, a boutique investment bank focused on the high technology, data analytics and the mining sector. Since 1977, Mr. Cole has held various executive roles, including Chairman, Executive Vice Chairman, Chief Executive Officer and President of multiple public corporations. From May 2000 to September 2005, he was also the Director of Lair of the Bear, The University of California Family Camp located in Pinecrest, California. During the period between 1991 and 1996 he was the CEO of HealthSoft and he also founded and operated Great Bear Technology, which acquired Sony Image Soft and Starpress, then went public and eventually sold to Graphix Zone. In 1995 Mr. Cole was honored by NEA, a leading venture capital firm, as CEO of the year. Since 1982 he has been very active with the University of California, Berkeley mentoring early-stage technology companies. Mr. Cole has extensive experience in global M&A and global distributions. He obtained his BA in Social Sciences from UC Berkeley in 1978. Mr. Cole has been married for 43 plus years and is an avid Skier and former Rugby Player for the UC Berkeley, St Mary’s College and The Old Blues RFC.
https://www.sec.gov/Archives/edgar/data/1875746/000155116323000021/xrxh8kvedgar2.htm
Special Situations
2 years ago
The history of the trading volumes of this share shows a really small float. I wonder how many shares of this company are now at the DTC (Held at DTC). I hope the manager of the company will update the information about his company on the OTC Markets website! In particular, I would like to see the up-to-date information provided by the Transfer Agent. As far as I understood, it is actually the SEC Reporting company. Eight Forms 10-12G had been applied for that before SEC finally released this letter.
https://www.sec.gov/Archives/edgar/data/0001875746/000000000022000775/filename1.pdf
What now? Probably, the next step will be the change of the status of that company from Expert Market to Pink Current Information. That would be the right and logical thing! We have to wait and see what is going to happen…
XRXH - ENTERTAINMENT HOLDINGS, INC.
Reporting Status: SEC Reporting
Authorized Shares: 500 000 000
Outstanding Shares: 88 992 975
Insider Ownership: 78 000 000 (87%)
#PLAN OF OPERATION.
Our plan of operations is to raise debt and/or equity to meet our ongoing operating expenses and attempt to merge with another entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders.
FORM 10-Q (For the quarterly period ended: December 31, 2021).
https://www.sec.gov/Archives/edgar/data/0001875746/000109690622000331/xrxh-20211231.htm
FORM 10-12G/A (2022-01-05)
https://www.sec.gov/Archives/edgar/data/0001875746/000155116322000004/ehf10amd1.5.22.htm
OTC Markets - XRXH.
https://www.otcmarkets.com/stock/XRXH/profile