XLI Technologies Inc. (fka XLIT)

[Village man]

Convertible conversion imminent according to this 8K regarding the convertible note dated January 14, 2016 (closing date).

Likely see many shares hitting the tape early next week if the note holder converts right at the 90 days.

The lowest trade in the last 20 days from what my charts are saying is .081 (unless it goes below that prior to conversion), this would put the conversion shares at .0486 for the note holder.

If anyone sees anything contrary to this on the 8k that may not be noted, please post it.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11139647

Here are excerpts from the 8K

" Each of the Notes are convertible at any time ninety (90) days after the issuance date of the note, in whole or in part, at the option of the holder into shares of the Company’s common stock at a conversion price equal to the lower of (i) sixty percent (60%) of the lowest trading price of our common shares in the twenty (20) trading days prior to the date of such note, (ii) sixty percent (60%) of the lowest trading price of our common shares in the twenty (20) trading days prior to the date that holder delivers a notice of conversion."

and

" Section 4.

Conversion .
a)

Voluntary Conversion . At any time after ninety (90) days after the date of this Note, this Note shall be convertible, in whole or in part, into shares of Common Stock at the option of the Holder, from time to time (subject to the conversion limitations set forth in Section 4(d) hereof). The Holder shall effect conversions by delivering to the Company a Notice of Conversion, the form of which is attached hereto as Annex A (each, a “ Notice of Conversion ”), specifying therein the principal amount of this Note to be converted and the date on which such conversion shall be effected (such date, the “ Conversion Date ”). If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion is deemed delivered hereunder. No ink-original Notice of Conversion shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Conversion form be required. To effect conversions hereunder, the Holder shall not be required to physically surrender this Note to the Company unless the entire principal amount of this Note, plus all accrued and unpaid interest thereon, has been so converted. "