IMO this will end very badly, according to the 8k, as early as April (90 days) some of this toxic financing can be converted at a 40% discount to market. See the 8K here http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11139647 This will wack the shares good, then again early June there is another conversion that can come to market, these never end well for the shareholders. When this happens this board will be littered with posts asking "What is happening?" Seen it many times with this kind of financing, this is my opinion of the future for XLIT.