Seems like XLIT just went from 1 product to 3 products over the weekend. From 2 countries to 120+ countries. New products look like game changers, certainly have some unique applications.

To me, this just got 3x better.

And yet the shorts think it is a good idea to keep shorting.

I have a feeling we are in for a very big short squeeze coming up soon, i can feel the pressure cooking

And today is a great example of long-term buying support. Longs have more money here than shorts, some of those bids are massive.

Just goes to show shorts may have finally met their match with this stock

There are clearly some heavy buyers here that don't even grace these penny stock boards. Maybe some big market players that know Schramm personally? Billionaire buddies perhaps

Just longs buying cheap shares from aggressive shorters.

Shorts all apparently teamed up and shorted at the SAME TIME using boxed positions to smack the bid yesterday, which in my mind reeks of market manipulation. If the SEC wasn't busy dealing with high profile fraud cases, there were surely some laws that were broken yesterday by shorts.

Some day the chickens will come home to roost.

But for now, I find it quite comforting that there are several other pretty big buyers in the market holding the bid and picking up tons of shares.

For all the fuss and "panic" induced by shorts, everyone is holding strong to their shares because there is a real company here.

All the shorters will have to buy back their shares later. As long as the longs hold and don't fall for the panic and maybe pick up some discounted stock while it is down here (personal strategy), then we are going to just make bank when all these short shares have to be covered.

This is a very risky strategy for shorters, they appear very desperate right now with all the negative posts, twitter feeds, group webinars, bid smacking using boxed positions...

...all of that and they can barely move the price down.

I think us longs picked a good company.

I am happy to stay here as a long.

At least you read all the posts. You have my respect.

You came to a reasonable conclusion by considering all the facts at hand, good for you.

That's what I tried to foster on this board.

Even though you may have a short bias, you are grounded in reality, facts, seek the truth and know how to use sources, paragraph breaks and general constructive sentences.

I'm sure we can have some great discussions and look forward to your contributions to this board.

They can't keep it down

You've never run your own company, I can tell. Any businessman knows that reputation with your customers, suppliers and employees is worth more than your entire liquid net worth. A smart businessman guards it with his life.

And already the trading range is the highest average it has had so far.

It's also up to us as shareholders to help spread the word. I tell investing buddies every chance I get, every little bit helps.

It certainly seems to be picking up steam

They sure picked the right stock for that IMO

Some newsletter, apparently they were one of the earlier ones talking about XLIT. Saw some earlier mentions of traders choice from when this was still known as MYXY

What are you talking about? It's on FINRA's website. Don't you read any other posts besides your own?

At least $50,000 according to the rule: http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=9398

That's what I've been trying to say, it's also in the iBox. It's actually supposed to be by 65M and no ability to convert the shares back:

65M Cancellation by CEO of his shares:
http://www.prnewswire.com/news-releases/xli-technologies-inc-to-strengthen-share-structure-with-cancellation-of-65000000-common-shares-300196779.html

The Preferred are not able to convert anymore:
http://www.prnewswire.com/news-releases/xli-technologies-inc-files-to-increase-authorized-shares-eyes-cancellation-of-common-stock-300198497.html

This all was all planned in December and is finally happening.

Some folks mentioned a $5+ target, I'd have to dig up that source again

Good news!, adding to iBox

And I actually read them including 27A and a lot of case law. Applies to factors outside of the control of management or the company. In this case, such cancellations do not fall outside the control of the company.

Such a reversal would fall outside the reasonable protections of the Act.

"We will declare a $0.20 dividend."

and then subsequently

"We changed our mind"

would result in a class action. Same situation here IMO.

...I've never seen a press release not be carried out, especially when you have management of this caliber on board. Federal law and all that usually is a pretty good incentive to a company to do what they say.

You're saying that a super connected, very wealthy guy like Jim would risk jail time by not following through on a press release statement?

Seems very unlikely.

Be a skeptic all you want, but it's grasping at straws IMO.

And a 60% reduction in outstanding announced upcoming. Let's be fair about the facts at hand... don't want to mislead people for your own personal profit, now would we?

You're really trying to bury any facts that favor a bull view. I'm not trying to bury any negatives. I'm just pointing out BOTH SIDES of the story.

Now you FINALLY got it. So now you see why the market capitalization isn't crazy. 65M will be cancelled. Then it will be $41M market cap, not $100M+. A 60% reduction from your previous misleading statement.

Now that you have the facts, you can make accurate and statements of opinion and avoid hyperbole based on lack of research.

LOL. That's exactly what the press release says and what I am saying. The market capitalization is $41M after the cancellation... WHICH IS HAPPENING LATE JAN - EARLY FEB.

To be making wild statements that the capitalization is crazy when you know 65M are being cancelled, is being misleading.

LOL!! It is so obvious, just read: http://www.prnewswire.com/news-releases/xli-technologies-inc-to-strengthen-share-structure-with-cancellation-of-65000000-common-shares-300196779.html

It is only a $41M market cap after share cancellation... just read the press releases.

It's crazy that you try to mislead people.

and up 10% today

Your 50,000 shares must look really good now. Funny to see how far this has come in just a few short months. Looking back helps me keep the big picture in mind.

Looks like they have cost savings and revenue generation for their customers. It was on Monday the news says the LightSheet pays for itself with their advertising program.

You still tracking this one?

Notice how you make up conspiracy theories yet fail to back them up with any source whatsoever?

Notice how all my posts have sources? Yet you have yet to bring a single source to this discussion (if we can call it that)?

You just stated there was a self-serving press release saying Jim Schramm was a billionaire before the Bravo TV dating game.

That would be a smoking-gun to prove your argument.

Why don't you blow this conspiracy wide open!

Quote your factual source!

Take your time...



...oh, in case you haven't noticed, Forbes 400 requires a minimum of $1.7 billion to even be included on the list (as of Sept 2015).

The more I search, the more I find sources that back up Jim Schramm:

Read this article: http://www.escapistmagazine.com/news/view/83665-Uwe-Boll-Sues-Billy-Zane

Read these comments: http://deadline.com/2010/03/movie-starring-kevin-spacey-as-disgraced-d-c-lobbyist-jack-abramoff-finds-distributor-29890/

FYI: It seems he is good at keeping his affairs out of the public eye, which is what you want to do if you are truly rich. Personally, my neighbors have no idea I could buy the entire neighborhood, because what's the point of that. It just creates hassle for me.

The only people that know my net worth are my wife, my accountants and my private banker, not even my family lawyer knows my net worth. I disclose my business to those who need to know, most rich people operate like that. I'd imagine Jim Schramm has the same general attitude when it comes to disclosing business interests.

Those who are on the Forbes list probably wish they could get off it.

So, that's pretty telling that the one court case shows a $10,000,000 advance on ONE SINGLE PROJECT.

I think we can conclude if Jim Schramm's company made $10M in ADVANCE on a single project, he is probably doing quite well and probably has one hell of a good rolodex.

Thank-you for pointing that out. You're right about that.

The 10-Q is indeed unaudited. I was confusing it with the 8K/A which was audited.

Notice how I admit when I am wrong, when the facts are there?

I am after the TRUTH.

So I appreciate your correction.

Perhaps if you took the same attitude this conversation could progress.

You're welcome. Good chatting with you!

I like helping people like you. Some others are very frustrating to chat with.

You are spamming the same thing over and over.

READ THE POSTS.

Post #269.

Post #247.

ALL YOUR QUESTIONS HAVE ALREADY BEEN ANSWERED! LOL

YOU JUST REFUSE TO READ THEM.

Regarding reputation:

Jim Schramm is already a near billionaire.

Pretty sure he cares more about his reputation than making an extra million or two. This is also right up his alley, in his industry, so he probably sees a product he really likes. At least that's the impression I get.

If you ever build a big reputation in the community, you will understand what that is like. I would have never sacrificed image for profits when I had my business at its peak, I understood that revenue came from goodwill of our customers and returning customers.

In most successful people I have met, they have the same mentality. A deep respect for the people that drive their revenue and an even deeper respect for their investors who backed them at the beginning.

Yup. I read the sch14 on October 20th and made a snap decision based on what I found about James Schramm.

Turned out to be the right guy and the more I dig up, the more I am confident in staying here.

Finding this stuff is pretty hard work though. The only way to find reverse mergers this early is to do a lot of reading. I have scanners that find every Sch14 and I read every one. I also watch for 8K's that mention block sales or block trades on EquityFeed.

I used to run my own business, sold it off myself. So now I do this full-time.

Part-time trading you can do pretty well but you want to find some information source or someone who does this full time and latch onto them. Investing groups are also a good idea, it spreads the workload out. 12 people can take turns doing 2 full-time days in a month and have near 24/7 coverage of the market.

Read post #269. Stop spamming.

If you are going to post, please provide informative, sourced or thoughtful information.

We are all aware you can type in all bold capitals.

If you have anything of substance to add to the conversation, please do. Otherwise please stop spamming in ALL BOLD CAPITAL LETTERS. It's starting to hurt your reputation here.

Good question! Now you are thinking like an investor.

There were two recent filings with financials.

One was an 8K/A which is an update to the original 8K reverse merger filing. This had the audited financials of the private company current as of the date of the merger.

The 10Q had the audited financials of the fully merged entity (the XLIT we see today) as of November 30, 2015.

Most of the development with XLIT looked like it happened in December, including acquisitions of an advertising platform.

A press release on November 6 showed us what their plan was. Basically building market awareness and rolling out into revenue.

The product was in testing with several companies, even General Motors as of December 11.

To me, this shows me the strategy is to go after big sales, large revenue contracts. Often times this means you provide product upfront (which we see from inventory), prove a use-case and then lock-in sales and revenue.

The most recent PR shows a pretty smart revenue program for theaters, I bet that is the final positive outcome of the original announcement on November 13 of placing LightSheets into theaters. So just over 2 months for a successful trial and roll out to a self-paying-for revenue program where the LightSheets pay for themselves in theaters.

So... long answer to your question, the 10-Q is relevant and it isn't. XLIT is building out for long-term revenue and just started trading October 20. It didn't surprise me much to see only $10,000 revenue less than 45 days into the company since the company is already focused on MASSIVE contracts. They aren't selling in a retail store, they are going for big name and big order placements. That has a lead-time to it. But once you get your pipeline rolling and first big revenue through the door... then you are off to the races.

That's why I'm sticking around and what I'm waiting for.

I posted sources. You failed to read.

You clearly didn't read them. They were not press releases. They are news articles from independent reporters.

You are not here to engage in real conversation. I read your post history, you do this on every forum.

Same rambling on and on, lack of citations.

Lack of interest in real discussion.

I'm adding you to my ignore list.

Read my previous post. One thing at a time. First you need to know what a Reverse Merger is.

Then we can get into the intricacies of public company funding.

EXPLAINED!!! No, you are not reading it right.

Don't believe the first thing you read. If you want to actually become a good investor or trader, you need to learn how to go to sources.

That's why I'm so good at trading and why I know all this stuff. I always go to source.

If someone says something, I ALWAYS VERIFY.

Here is the RM TRANSACTION EXPLAINED

First, you need to know what a reverse merger is. Here is a quick summary from Investopedia. It is a less time-consuming and less costly alternative than the conventional IPO, which is important for small growing companies like XLIT.

Now that you have some background, you need to understand this:

Before Jim Schramm took over the company, the stock was basically worthless. It was a defunct exploration company. The shares were effective worth $0.

Here is the first filling of the transaction, which is a CHANGE IN CONTROL filing, stating that the control of the company has shifted to Jim Schramm. Here is the filing. READ IT.

Now that you have read that, it is time to go through the next filing, which is an 8K disclosure that has a lot going on in it. This is where you see the exchange of 50M shares for $20,000.

YOU CAN DO THIS TOO IF YOU WANT. There are plenty of publicly traded penny stocks that you can go and buy 50M shares for $20,000 if you want! Go ahead! Go and do it. If you think it is such a good deal, go and buy a public shell. LOL. Now you will own 50M shares of nothing, basically a defunct company.

SO WHAT MAKES THE SHARES VALUABLE AFTER A CHANGE IN CONTROL?

That's the question you need to ask.

And the answer is so brutally simple, if people would just read the filings or even a have a basic grasp of what an RTO transaction is it would be obvious.

After a change in control, THE ASSETS OF THE PRIVATE COMPANY ARE BROUGHT IN TO THE PUBLIC COMPANY.

That's it. AND THAT IS WHAT HAPPENED!

This is still on the VERY FIRST PAGE of the 8K filed!!!!!

Anyone asking this question or repeating this misinformation hasn't even read past the first DAMN page of the 8k!

I am being harsh because this is pure ignorance.

Here is the filing. READ IT.

Here is the important quote:

Notice how I bring sources & facts in every post with references and links?

It makes sure everything I say and believe I have grounded in reality, not wild conspiracy.

What's more likely?

The story with sources and evidence pointing there, or your wild accusations and general negative view no matter what.

I can easily tell the difference between people who have experience running their own business in the real world. If you want to have a successful business, you can't afford to believe conspiracy. Facts matter.

Not Kidding. Sources. XLIT is his first public company. Learn to search SEC filings. Talking to you is very frustrating.

I seriously doubt your ability to perform your own due diligence. Bring some sources or facts to the table. This is an utterly useless conversation otherwise.