Maptelligent Inc (MAPT)

[stemcell]

1) Does XREE own the train car fleet? They show $839,500 on their latest Q for equipment but that seems awfully low for a fleet of cars of this type.

don't know what kind of rail cars they (XREE) have but NYC just bought a fleet of new subway cars and each subway car was 1.28 million each

2)XREE is making the 20 million dollar offer & only has $148,000 in the bank
$997,143 in Total Assets
$12,335 in revenue
And has Quarterly losses of $680,892
XREE is almost bankrupt and yet has a market cap of nearly 1 Billion dollars!
There are no underlying fundamentals to even come close to supporting that large of a market cap!

5,128,000 shares of XREE priced at current PPS of $3.90 will cover $20 million acquisition of XTRN

He's now leading peeps to believe he talks to on the phone , that they will receive. .012 per share for the buy out!

They will!!!! Those $3.90 shares of XREE they receive will be worth .12 when the market opens! 12 cents if they're lucky :)

I wonder if the SEC has been checking into this?
I'm still trying to wrap my head around this scheme!

Yeah, me too!
That is the most blatant "propping up" of a stock price i have ever seen, they certainly can't be legal pulling crap like this, but all being said it is a "buyout" not a new issue of shares so who knows what's legal and what's not here in the wild wild west of trading

It will interesting to see how this all plays out.

yeah watch and learn time