Cross Atlantic Commodities Inc. (fka CXAC)

[SAMadMoney]

SOME DD Found Here


In 15-20 Days we will be seeing the following:

This was posted on September 4th 2009

1.We will follow up with actual sales figures in approximately 15-20 days.
(19th September - 24th September)

2. Within 15 business days we will be updating our financials to have them current, and have our outside counsel issue an Opinion Letter on our Disclosures and Financials to receive Pink Sheets Preferred Status.
(Business Days so only week days that puts us at the latest 25th September, also states within so could be anytime between the 7th - 25th of September)

3. We will update the investing community in the next 20 days via a National press release on the joint venture deal with a second product line.
(at the latest 24th of September)

4. Our manufacturer has costed the product and we should have preliminary samples ready within two weeks. After they are approved for sale to the public we will announce our deal.
(2 weeks so end of this week 18 September samples ready. Then Approval process.. not sure on time frame)

Note: The product was sold nationwide via, infomercial, major retail chains including Wal-Mart, CVS and Walgreen's and historically reached total volume of 45 million dollars over a seven year period. The patent owner is unable to produce the product and CXAC believes that with our Internet marketing network we can revive the line with minimal effort. The gross profit margins on this product based upon the historical data exceeded 65% on an annualized basis and the market cap for the product line exceeds 175 million dollars.

You can view this via CXAC website:

http://www.crossac.com/

or go directly to the shareholder update:

http://www.crossac.com/images/ShareholderUpdate_9-04-09.pdf



We have Convertible notes of roughly $700,000.


I even found it in one of our shareholder updates from JORGE

"The strategy is to increase revenue at CXAC in a dramatic manner and eliminate our convertible debt, which is approximately $700,000 dollars."

Link found here: (in the 4th paragraph)
http://www.crossac.com/images/CEO_letter_july_30.pdf

Here is what i dug up on it.

We have 2 Convertible Notes:

one issued at 600,000 and another at 150,000. Now some of you may have already figured it out... how does 750,000 go to approximately 700,000.

Went back through the financial reports and you can find Jorge has been paying down one of these.

As of 31 December 2008 the balance was 566,505 + 150,000 Total 716,505

Link here: (page 13)
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=20746

Now he made the following announcement July 30th;

"The strategy is to increase revenue at CXAC in a dramatic manner and eliminate our convertible debt, which is approximately $700,000 dollars."

Link here: (4th paragraph down)
http://www.crossac.com/images/CEO_letter_july_30.pdf

So now it could be under $700,000 or possible still $716,505 regardless there has been money paid on this. And as you can see from his statement this is one of his priorities to get knocked off his checklist.


An Important update to shareholders in regards to R/S
"We also wanted to take the time to give some updated corporate information. We have no plans for a reverse split, and will review the first quarter of 2010 the status of the company… but as for 2009 we will not do a reverse split."

Link to update:
http://www.crossac.com/images/CEO_letter_july_20.pdf

Now you may wonder... well why buy then, they will probably just do a R/S in 2010... First off that's 3 months away a lot can happen. 2nd I have seen them review this for the past year every quarter and still have not done an R/S. I feel that Jorge only keeps this option open for a last resort. Unlike other companies...BOOM PR stating R/S tomorrow. He wants to succeed and add SHAREHOLDER Value. Not turn all his investors away.


A/S 6,500,000,000
O/S 6,499,953,268

Left to possible dilute = 46,732

Know as far as the O/S we are damn near maxed out. There is less than 50,000 shares he can dilute still. I kinda have a feeling he needed to dilute the 149 mil to finish paying down one of the notes. Granted all my opinion i could be wrong. Could possible see a PR with explanation or even a Shareholder update. All my opinion.




THIS IS ALL IN MY OPINION BASED ON INFORMATION I HAVE READ: PR'S, SHAREHOLDER UPDATES, FINANCIALS AND SEC FILED INFORMATION.

PLEASE TAKE THE TIME TO DUE YOUR OWN DD AND COME UP WITH YOUR OWN OPINION.