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IMO this is perfect time to short
up 1.12% Rally Time!
This is just the START of these downdrafts IMO, I say 6 months from now XLIT will be below .05 due to the convertible debt that will be coming on by then, just my opinion, however have seen how destructive the convertible debt can be to shareholders.
Where have all the Cheerleaders gone?
Right on! If my broker would let me short this I would be all over it.
Cracks beginning to show on XLIT, seen this movie before, see ECAU for what I, IMO, think the XLIT chart will look like in the not too distant future.
If Schwab had some to borrow I would short as much as I could.
Bravo!! Could have not said it better!
IMO, You should see the evidence loud and clear in the shares as they slump massively as soon as the convertible debt begins being converted at a huge discount to market and sold on the open market, see the 8K's for those exact dates the conversions are allowed to start.
It is like clockwork with the companies taking this type toxic debt.
Likelihood of early payoff in cash, slim to none as the cash burn is huge now.
Do you understand the toxic financing and how it works that XLIT has undertaken?
In time, the longs are going to get crushed with all the convertible debt, IMO.
$FILM Lots of goodwill on the asset side and heavy convertible debt on the liability side,plus bleeding cash.
Ill pass on this one.
Premarket dumpage going on. As low as .90.
Lol, good luck with that. Guess how potential customers feel!!!
Right on! Great point on the preferred issuance missing on the 8K.
Sucker bet, imo the share reduction never happens.
XLIT has a ridiculous valuation despite prospects IMO. Not to mention the multiple toxic financings filed. A healthy company with excellent prospects should be able to get financings that do not crush share holders like most toxic financings do.
Your wrong on the brokers and shorting, you must be a newbie. Its all about weather or not if they have shares to borrow.
My broker has none to borrow, otherwise I would be shorting as much as I could get.
High volume and in the RED. IMO the RegSHO is no big deal, this looks like a fantastic opportunity for a third party to sell right into this volume, unaware newbies look to be buying the short squeeze hype, hook, line and sinker IMO.
Traders choice are the paid pumpers of XLIT.
http://traders-choice.com/disclosures/
Lol, a few dollars!? If Traders Choice now resorts to a short squeeze HYPE to get things moving, this is probably the very tail end of this run.
Shorts are smart IMO, I believe this thing will be trading at or under .05 in 6 months. Time will tell.
ZERO evidence this share cancellation is going to happen.
Not a given these shares will be cancelled at all.
On the press release headline it reads: XLI Technologies, Inc. files to Increase Authorized Shares, Eyes Cancellation of Common Stock
https://finance.yahoo.com/news/xli-technologies-inc-files-increase-110000715.html
This tells me they are pondering the idea, toying with the possibility. Nothing concrete in the way of actually cancelling has been made that I have seen yet.
This is the 2nd Toxic funding now. And there could be more to come from what the 8K looks like.
IMO this is the easiest short around, if Schwab would have any to borrow I would be shorting this thing based on this additional Toxic financing news.
They also see OVERVALUED companies all the time and take a very fast pass. This thing is currently valued at a price to revenue of 2625 on an annualized basis.
Anyone buying here IMO, will have a hard time seeing upside.
This is probably why the company had to go the toxic financing route, no investor in their right mind would commit to restricted shares at this level.
Not many, the market cap here is nuts. The guys on Shark Tank would be laughing their butts off at investors buying at these levels.
Nature of Operations and Continuance of Business
Seems odd that this is trading at a $105 million market cap.
From 10Q here- Page F-4 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11121555
These condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations from the sale of light sheets. At November 30, 2015, the Company has recorded minimal revenues of $10,000, has a working capital deficit of $193,350, and an accumulated deficit of $227,692. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
Very well said!!
I sure have, and that's why they have disclaimers:
This press release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Hey, being fair about the facts are that there has been no reduction as of yet and I have not seen a filing to that effect.
A press release is one thing, to do the filings and make the cancellation are an entirely different matter.
$112 million market cap as of today. As of January 15, 2016, there were 105,500,000 shares of the registrant's $0.001 par value common stock issued and outstanding.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11121555
There are the current filings.
"being cancelled" and actually filing to do it are two different things.
Once the official cancellation and filings are made I will believe it.
There have been NO CANCELLED SHARES as of today.
XLI Technologies, Inc. anticipates filing a Form 14C Information Statement with the Securities & Exchange Commission ("SEC") required to complete the amendment to its Articles of Incorporation prior to December 31, 2015. It is expected that the amendment to the Company's Articles of Incorporation and other transactions described above should be completed in late January or early February 2016.
Nothing as of yet.
Your wrong-Ill take an SEC Filed 10Q over a press release any day!
There have been NO CANCELLED SHARES as of today.
Wrong Phil, $107 million market cap.
As of January 15, 2016, there were 105,500,000 shares of the registrant's $0.001 par value common stock issued and outstanding.
Per the recent 10Q that can be found here, on the very first page: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11121555
$107 million market cap is absolutely crazy, every single bit of upside, if any is totally baked into this thing IMO.
I continue to believe the chart will look like that of ECAU and others in the not too distant future once the convertible debt starts to get converted at the 40% discount and dumped onto the market.
Highly unlikely it gets prepaid with cash as the burn rate is high and there is a need for the cash right now.
All IMO.
Volume drying up, one has to wonder if the third party has sold all their shares.
Have to see if the relentless pumping from traders choice finally stops now.