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Major Run on XMET (Xxstream Entertainment) as Wei Tian Buys out Lazar Custodianship/SPAC RM Player

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XMET (Xxstream Entertainment) is gearing up and heating up in recent months skyrocketing out of the triple zeroes and emerging well into pennyland with recent highs of $0.02 per share.  The stock has been under heavy accumulation recently and volume has picked up substantially with XMET regularly trading several 100 million shares per day and topped $2 million in dollar volume on Friday alone. 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 and powerful runner. XMET started moving at the beginning of December out of the triple zeroes and Microcapdaily reported on XMET on December 1 when the stock was still sub $0.001. Since than XMET has risen dramatically as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than XMET has.  

The time could not be better for XMET to make a real powerhouse move to a whole new dimension like so many other penny stocks are these days. XMET origins as a David Lazar, OTC SPAC’s/CUSTODIAN Plays is significant as many of these plays have been hugely successful making powerful sustained runs indicative of a clean share structure. David Lazar custodianship/SPAC RM deals have been so successful in fact they have even spawned the message board; David Lazar, OTC SPAC’s/CUSTODIAN Plays on Investorshub.com. On December 9, 2020, as a result of a private transactions, 100,000,000 shares of Series A Preferred Stock of XMET were transferred from Custodian Ventures, LLC to Wei Tian. As a result, the Purchaser became an approximately 93% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $220,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him. Wei Tian is a certified Futures Advisor, Securities Analyst, and Market Risk Analyst. We Tian worked at Morgan Stanley, in the Department of Global Capital Markets in HK, at China Futures Co., Ltd., in the Department of Research, and at China Securities Co., Ltd., in the Department of Investment Banking/Research. Wei Tian participated and issued the Deutsche Bank Subprime Mortgage Bonds Derivatives Plan, participate and issued the HSBC trust asset-backed securitization Plan, and participated in multiple IPOs. Wei Tian has been appointed as a Chief Executive Officer, President, Secretary, Treasurer and Chairman of Board of Directors of the Company.  

XMET (Xxstream Entertainment) 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 OtcMarketsXXStream, 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 up listed to the OTC pink venue, and was granted custodianship. 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.  

There is a great article on OTC SPAC’s/CUSTODIAN Plays here.

Image result for David Lazar, OTC SPAC’s/CUSTODIAN Plays

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.  

Investor Sentiment in XMET is high. On Decmeber 1 the same day Microcapdaily first covered XMET Clay Trader posted a technical analysis on XMET on youtube.

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Microcapdaily has reported on XMET before. On December 1, 2020 just as XMET was rising up out of the triple zeroes Microcapdaily reported its article: Custodianship/SPAC; the Rise of Xxstream Entertainment (OTCMKTS: XMET) Stating: “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. After many years of dormancy XMET has come to life filing its quarterly report becoming Pink Current on OtcMarkets. 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. 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.  

Image result for XXSTREAM ENTERTAINMENT, INCOn December 14 XMET filed an 8k: Item 5.01 Changes in Control of Registrant. On December 9, 2020, as a result of a private transactions, 100,000,000 shares of Series A Preferred Stock, $0.001 par value per share of XXStream Entertainment, Inc., a Nevada corporation were transferred from Custodian Ventures, LLC to Wei Tian. As a result, the Purchaser became an approximately 93% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $220,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him. Other than as described below, there are no arrangements or understandings among both the former and new control persons and their associates with respect to the election of directors of the Company or other matters. The information set forth in Item 5.02 of this Form 8-K is incorporated by reference into this Item 5.01.   

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 9, 2020, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director. At the effective date of the transfer, Wei Tian consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company.  

Wei Tian has a Bachelor Degree in Finance at Capital University of Economics and Business, and a Bachelor Degree in International Economy and Trade at Shandong University. Wei Tian is a certified Futures Advisor, Securities Analyst, and Market Risk Analyst. We Tian worked at Morgan Stanley, in the Department of Global Capital Markets in HK, at China Futures Co., Ltd., in the Department of Research, and at China Securities Co., Ltd., in the Department of Investment Banking/Research. Wei Tian participated and issued the Deutsche Bank Subprime Mortgage Bonds Derivatives Plan, participate and issued the HSBC trust asset-backed securitization Plan, and participated in multiple IPOs. Wei Tian has been appointed as a Chief Executive Officer, President, Secretary, Treasurer and Chairman of Board of Directors of the Company.  

On January 14 XMET filed a SEC Form 15-12G (CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.) Form 15-12G is provided by the (SEC) in reference to Sections 12(g), 13 and 15(d) of the 1934 Securities Exchange Act. The Form allows issuers to seek termination of a registered security class or suspension of duty for filing SEC mandated reports. SEC Form 15-12G releases companies of some of their reporting requirements under Sections 12(g), 12(h), 13 and 15(d) of the 1934 Securities Exchange Act. 

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XMET is gearing up and heating up in recent months skyrocketing out of the triple zeroes and emerging well into pennyland with recent highs of $0.02 per share.  The stock has been under heavy accumulation recently and volume has picked up substantially with XMET regularly trading several 100 million shares per day and topped $2 million in dollar volume on Friday alone. 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 and powerful runner. XMET started moving at the beginning of December out of the triple zeroes and Microcapdaily reported on XMET on December 1 when the stock was still sub $0.001. Since than XMET has risen dramatically as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than XMET has. The time could not be better for XMET to make a real powerhouse move to a whole new dimension like so many other penny stocks are these days. XMET origins as a David Lazar, OTC SPAC’s/CUSTODIAN Plays is significant as many of these plays have been hugely successful making powerful sustained runs indicative of a clean share structure. David Lazar custodianship/SPAC RM deals have been so successful in fact they have even spawned the message board; David Lazar, OTC SPAC’s/CUSTODIAN Plays on Investorshub.com. On December 9, 2020, as a result of a private transactions, 100,000,000 shares of Series A Preferred Stock of XMET were transferred from Custodian Ventures, LLC to Wei Tian. As a result, the Purchaser became an approximately 93% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $220,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him. Wei Tian is a certified Futures Advisor, Securities Analyst, and Market Risk Analyst. We Tian worked at Morgan Stanley, in the Department of Global Capital Markets in HK, at China Futures Co., Ltd., in the Department of Research, and at China Securities Co., Ltd., in the Department of Investment Banking/Research. Wei Tian participated and issued the Deutsche Bank Subprime Mortgage Bonds Derivatives Plan, participate and issued the HSBC trust asset-backed securitization Plan, and participated in multiple IPOs. Wei Tian has been appointed as a Chief Executive Officer, President, Secretary, Treasurer and Chairman of Board of Directors of the Company.  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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