XLI Technologies Inc. (fka XLIT)

[rawman]

XLI Technologies, Inc. to Strengthen Share Structure with Cancellation of 65,000,000 Common Shares

LAS VEGAS, Dec. 23, 2015 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: XLIT) is pleased to announce that its Board of Directors has approved the cancellation of 65,000,000 existing shares of the Company's Common Stock currently beneficially owned by Company CEO James Schramm in exchange for 3,250,000 newly to be issued shares of Series A Preferred Stock.

It seems many have forgotten Jim Schramm's December commitment to the investors! In December Schramm released the above "rah rah" PR, announcing he would be a "wonderful benefactor for the shareholders" by cancelling 65,000,000 shares! Funniest thing, he ultimately came up 25,000,000 SHORT of the much ballyhooed and oft repeated public announcement! Doing the math, Schramm missed his commitment to investors by nearly 40%! Oops! This does not bode well in terms of Schramm's future pronouncements! What a wonderfully reliable CEO and exclusive member of the Board of Directors! LOL! This seemingly looks like just another of the typical "Pinkie" Penny Stock shenanigans! Hmmm...did Schramm still issue himself the 3.25mm Preferred Shares? If so, the 8-K failed to mention it!