web analytics
4.7 C
Tuesday, November 29, 2022

Rebouncing Time for Las Vegas Railway Express (OTCMKTS:XTRN)

Las Vegas Railway Express (OTCMKTS:XTRN) is recovering nicely after taking a significant hit last week. On December 23 XTRN said in a filing that a Special Meeting of Shareholders will convene on January 20, 2015 to change the name of the Company to X Holdings Corporation and to vote on increasing the amount of common stock that the Company is authorized to issue from 500,000,000 to 10,000,000,000.

XTRN was trading as high as $1.65 earlier this year after the 20 for 1 reverse split of the stock affected in December of last year. For months the stock drifted recently hitting a low of $0.0011. Since then XTRN has come to life and is quickly becoming one of the top traded stocks on the bb’s.

According to the 10Q XTRN filed on November 17 as of November 14 XTRN had a total of 245,900,593 shares of common stock outstanding. This puts the Company’s current market valuation at an incredibly low $775,000. Talk about room to grow.

Las Vegas Railway Express is a fascinating story developing way down in sub penny stock land; XTRN is busy developing a luxury train service called the “X Train,” from the Los Angeles basin to Las Vegas. The planned service will utilize conventional rail rights of way and passenger rail equipment — outfitted in a First Class configuration — to deliver a new, exciting and cost efficient way to travel to Las Vegas.

Back in 2012 the Company executed an agreement with Union Pacific Railroad which allowed XTRN to operate its passenger service on their property from Daggett, California to Las Vegas, a distance of 175.8 miles. The plan to go with Pacific Railroad via Cajon Pass had to be cancelled after BNSF Railway nixed the plan.

XTRN was in limbo until October 21 of this year when XTRN announced it has begun the engineering of the route to Las Vegas via conventional rail on what it calls the Western Alignment. This pass travels to Las Vegas via Lancaster & then east to Barstow before it turns north to Las Vegas.

CEO of XTRN, Michael Barron, an entrepreneur largely involved in real estate, stated “We have spent the last year re-tooling our efforts to run the X Train service between Los Angeles and Las Vegas and based on the findings of UNLV’s Rail Engineering Group, have concluded that the route from LA to Mojave to Barstow to Las Vegas would avoid the rail traffic of the Cajon Pass,”

Anyone who has lived in Southern California and likes to spend time in Las Vegas can immediately see the incredible potential of XTRN planned luxury train service; traffic in Southern California is completely out of hand and so is I-15 to Vegas and taking a luxury train would be so much more convenient.

To Find out the inside Scoop on XTRN Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

XTRN owns outright a series of 16 bi-level passenger railcars as well as two leased cars acquired through an agreement with Mid America Leasing Company. These cars are planned for use in the deployment of cars on our LA to Vegas route. The first two cars have been completed and are in service on the Santa Fe Southern Railway. The remaining cars are scheduled to be refurbished during the remainder of 2015.

There has been no regular passenger rail service between these two demographic areas for 13 years. 15 million people a year drive that route and its only getting more congested.

If the X Train comes to fruition it will create a significant economic impact on Vegas; the project would invest $200 million in the Las Vegas community. This is a great plan for Vegas, the project requires no massive construction projects or billions in Federal funds for us; It’s privately financed and runs on existing tracks.

Like most bb’s XTRN has been busy filing a lot of form 4’s lately but these are not sales as is always the case on this exchange; XTRN management is busy buying. Below is a table of recent XTRN management buys;

Conclusion: XTRN has seen some explosive increases in volume and small pops in recent weeks but investors are still waiting for that breakout to new levels. This is a Company with an exciting business plan that has captured Investors imaginations trading just over its all-time lows of $0.0011. XTRN is a stock to watch.

We have a Monster Pick Coming. Subscribe Right Now!

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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

More articles


Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.