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Tuesday, September 21, 2021

Custodianship/SPAC; the Rise of Xxstream Entertainment (OTCMKTS: XMET)

Xxstream Entertainment (OTCMKTS: XMET) is another exciting RM play getting noticed by penny stock speculators and trading big volume topping $4 million + per day in dollar volume. XMET is another custodianship/SPAC from David Lazar. Reverse Merger stocks are proving to be more explosive than biotech and XMET has all the markings of a coming Reverse Merger.

There is a brand new updated article on XMET 2/12/2021 here: https://microcapdaily.com/major-run-on-xmet-xxstream-entertainment-as-wei-tian-buys-out-lazar-custodianship-spac-rm-player/130356/

After many years of dormancy XMET has come to life filing its quarterly report becoming Pink Current on OtcMarkets. This comes after Custodian Ventures, LLC was appointed as the custodian of the Company on July 20, 2020 by the Eighth Judicial Court of Nevada pursuant to Case No. A-20-816267-B

Xxstream Entertainment (OTCMKTS: XMET) is a clean shell that was dormant for many years but has come to life as the Company recently filed its quarterly report becoming Pink Current on OtcMarkets.  XXStream, Inc. was formed on May 21, 2005, with an initial business plan to offer a new type of entertainment portal on the web that is built from the ground up for today’s always on high bandwidth 18-35 year old demographic. The club was intended to be the first portal online that would blend online and offline entertainment in ways that leverage the synergies of the real and virtual worlds in unique ways. The Company intended to create a new media company that would provide multi-cultural digital content for consumers in every major market segment in Europe, South America, Asia, and Mexico. Club XXStream was targeting a young global demographic, with the primary focus being 18-35 years of age, as this demographic group is affluent, technically sophisticated, and is always seeking new ways to find entertainment off and online. Club XXStream was in partnership discussions large media content and technology providers including MTV, Microsoft, Macromedia, Real Networks, Yahoo, AOL/Time Warner

XMET was created in 2006 as a dividend to trap the NS on PYCT, it never had a biz, no debt, never traded, it was grey sheet, until David Lazar got it uplisted to the OTC pink venue, and as of July 17th 2020 he was granted custodianship (see link atached) Mario Pino former CEO has died recently, and clearly has no connection or influence on XMET.

On July 20, 2020, Custodian Ventures, LLC was appointed as the custodian of the Company by the Eighth Judicial Court of Nevada pursuant to Case No. A-20-816267-B. David Lazar is a private investor and since February of 2018, Mr. Lazar has been the managing member of Custodian Ventures LLC, where he specializes in assisting distressed public companies. Since March 2018, David has acted as the managing member of Activist Investing LLC, which specializes in active investing in distressed public companies. David has a diverse knowledge of financial, legal and operations management; public company management, accounting, audit preparation, due diligence reviews, and SEC regulations.

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XMET

In recent years there have been a number of hugely successful David Lazar custodianship/SPAC RM deals that have even spawned the message board;  David Lazar, OTC SPAC’s/CUSTODIAN Plays on Investorshub.com.

XMET is currently going through a proof of claims order that ends on Friday Dec 11th. Once that finishes then we will see/get any updates to the court docket to see what the next hearing will be on or when the next status check will happen. The Proof of Claim order will put into law and court record that there are no debts or claims against XMET. This is important because if someone with former invalid shares comes through then DL can ask for par value .001 and that wont happen. Also, it means anyone with former debts needs to come through with evidence. Once the order goes through then XMET is legally and 100% Officially a 100% clean shell with no debt, and back by court order. No real company would buy a shell without that order especially lately.

 

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XME is another exciting RM play getting noticed by penny stock speculators and trading big volume topping $4 million + per day in dollar volume. XMET is a custodianship/SPAC from David Lazar. Reverse Merger stocks are proving to be more explosive than biotech and XMET has all the markings of a coming Reverse Merger. After many years of dormancy XMET has come to life filing its quarterly report becoming Pink Current on OtcMarkets. This comes after Custodian Ventures, LLC was appointed as the custodian of the Company on July 20, 2020 by the Eighth Judicial Court of Nevada pursuant to Case No. A-20-816267-B. Whuile OS currently sits at 8 billion there. Currently there are 8.2 billion shares at DTC however expect most of these shares to be canceled or returned to treasury while a new control block is issued to the RM candidate. We will be updating on XMET when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with XMET.

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Disclosure: we hold no position in XMET either long or short and we have not been compensated for this article.

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