Seems the "investors" here are totally unwilling to do the littlest of due diligence by reading the filings, (not the press releases)but the SEC filings, 8K's, 10Q's, 10K's etc...
Those that do should come to the conclusion that in the near future there will be many more shares coming to market to satisify the convertible debt obligations of XLIT.
If anyone can point to something to the contrary in the filings it would be good if that were posted.
Otherwise the pattern of those who take on toxic debt like this has been a settling in the very low sub pennies with the occasional reverse split to bring the price back up.
All my posts are OPINION only. Never buy or sell securities based on my opinion.