MGF and Sterling,
MarqueeGemFinder, much of the DD you have unveiled cover what I had intended to share with the forum as I have been reading the filings of both INVA and XUII and also arrived at similar conclusions that we could be looking at a Reverse Triangular Merger. I concur with your views that the timeline of events as filed in XUII's reports support a RTM that should be concluded some time in January.
For those not familiar with RTMs, the following is what we can expect to see coming to INVA/XUII:
For all intents and purposes, XUII is the acquiring company in this transaction, and NTIH, LLC is a subsidiary of XUII that will be used as a vehicle to acquire INVA. What happens here then is NTIH LLC would merge with INVA--this is very easy to do because NTIH should technically have just one shareholder making it easy to consummate the transaction. Temporarily, certain assets and liabilities of INVA can be held at the NTIH level while certain liabilities belonging to either NTIH or INVA can be restructured before they are absorbed into XUII. The equity of NTIH, LLC also would be reflected in INVA so any monies used to acquire NTIH LLC or any revenues derived from NTIH's business activities would consolidate at this sub-sub level. Upon merging with NTIH LLC, INVA becomes a wholly owned subsidiary of XUII.
Under this scenario, INVA shareholders receive XUII shares upon completion of the entire transaction as contemplated.
Since XUII is looking to raise $2-3 million for the whole transaction and most likely will raise it, I am of the opinion that NTIH, LLC will have the cash equivalent to settle big parts of INVA's debt to move forward as one stronger entity. The money raised by XUII will ultimately go to NTIH LLC, and by virtue of the first level merger between NTIH and INVA, INVA will have the cash for debt settlement/restructuring. This is a thing of beauty and brilliance!
INVA : THE ONE TO WATCH!
In God We Trust. All Others Must Pay Cash.
