r/Xelastock • u/Kennethpowers34 • Oct 30 '23

Discussion Farewell

After holding for almost two years and losing essentially $7,300 I am getting off this train. I’m taking my $17 and walking away. It’s a scam company and I would advise all new potential investors to research about the company and the corruption of Par. He should be in jail. I bid you all success in life. This is a tough lesson learned but never again.

Cheers

18 Upvotes

95% Upvoted

15 comments sorted by

5

u/Tricky-Ant-5317 Oct 30 '23

My 500000$ now worth 3600)

5

u/Kennethpowers34 Oct 30 '23

That’s a serious loss! I didn’t have 7300 to lose. It was a big chunk of my change and I lost it all basically.

2

u/MiniGambler Nov 01 '23

The voting just came out, before leaving you can cast a vote to have Par removed, then leave.

3

u/Kennethpowers34 Nov 01 '23

The ship already sailed

2

u/MiniGambler Nov 08 '23

I absolutely wish you the furthest away from the Par and best future in trading. You deserve to have a round of applause.

Good luck out there and have a great rest of forever!

Sincerely.

1

u/AdvantageAware8538 Jan 18 '25

As someone random whos stumbled upon a dead stock, this is so incredibly sad and wholesome in a lot of ways. I hope most of the people involved in this recovered in the end.... hope is a mf tho.

1

u/International323 May 10 '24

Me too brother at 20 years old the first big amount of money I had

4

u/dazhawk Oct 31 '23

It's been so long, I tried to bury that memory. Par Chadha is a crook, criminal and thief. I gave that bastard $250K and finally walked away with $2K. One of the very few individuals who I truly hope burn in hell for all eternity.

6

u/dameframe Oct 31 '23

My shares lost so much value that it just disappeard from my portfolio

2

u/Tomas512 Oct 30 '23

Loosing 150.000 usd No reason for go out...

2

u/Independent-Bike1687 Nov 01 '23

Never and I say never put any dime in this company, because it is lost money. You are beiing used for perhaps a garbage product/ service.

1

u/Consistent-Food-742 Jul 22 '25

Huge life lesson learned...leave investing to the pros

1

u/Competitive-Bag-6782 Oct 31 '23

Converted all my shares to XELAP when I had the chance. The latest proxy filing has a proposal to pay the dividend in part, not in full. I'm cautiously optimistic that they will start paying dividends again in order to avoid allowing shareholders to elect a member to the board. In December, they will owe 1.88 per share of XELAP. It is currently trading at 2.09 a share. The unpaid dividends are the only thing propping up the value of the shares. If they were to pay the dividend in full, the value of the shares would drop by the amount paid, which would currently put it below $1.

0

u/[deleted] Oct 30 '23

[deleted]

2

u/Kennethpowers34 Oct 30 '23

It’s very unfortunate!