Wall Street Veteran Steven Bayern Discloses 10% Stake in Xtreme One Entertainment
XONI has more than doubled off its 52-week low of $0.005.
Summary
Wall Street veteran Steven Bayern and Bays Acquisition Consulting have disclosed a 10% beneficial ownership stake in Xtreme One Entertainment. This significant investment by an investor focused on undervalued small-cap companies signals confidence in XONI's future. The news follows recent positive legal outcomes for XONI, including a summary judgment win against Williamsburg Venture Holdings, and a leadership restructuring. This voluntary disclosure provides transparency on a material ownership position for the OTC-listed company.
At the time of this announcement, XONI was trading at $0.08 on OTC in the Trade & Services sector, with a market capitalization of approximately $12.9M. The 52-week trading range was $0.01 to $0.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.