EXLA Resources Inc. (EXLA)

[1manband]

It means neither. It means the Company no longer exists as a legal entity.

Each company has to be incorporated in their home state. In EXLA's case, they are incorporated in Nevada. But the company has been abandoned. They have not retained their incorporated status and Nevada has revoked the company. It no longer exists as a legal company because the management has not filed their paperwork, or paid their required fees, for almost 3 YEARS. But that is not a surprise, as Helmer and the management are subject to an ongoing SEC investigation in regards to their activities with Alto Group, which was also a scam with the same people and the exact same worthless mineral property. When they diluted Alto to nothing, they just moved the worthless asset over to EXLA and ran the exact same scam again. The SEC shut down ALTO but the investigation continues. So the management here cut and run.

Even if there were to be a reverse merger of this scam, the old shareholders are highly unlikely to benefit. Once a scam, always a scam. They will just reverse split the old shareholders out of existence which makes it much easier (and much more profitable) to run their new scam. These scammers are not in the business to give free money to old shareholders, and they won't.