Saturday, July 01, 2017 7:29:06 PM
I'll be switching out that sticky with a new one on Monday morning. Ihub says the new post has to be over 48hrs old before you can use it as a sticky.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=132661936
Also I might add ,
In my communications with Mr Boyes, he didn't come right out and say directly why they decided to return the 100,000 series A preferred shares back to treasury & issue the 20.5mil common shares , but lets just say he did put my concerns about the matter to rest by:
1) Once they receive approval from FINRA on the name change & then for it to go into effect,(They want to wait & release the new/future press releases under XPCL so that the archived PR's will follow new ticker) then they will be informing the public on the details of the R/M & that it will more than justify what they have done. I understood it to mean that they only did it for some technical reason at this time & they can make the switch back to all series A preferred shares with just the stroke of a pen.
This is just a guess but maybe they purposely raised the Market cap for some type of financing?
As it was , the MC would only be :
O/S = 197,583 × 0.65 = $128,429
With the stroke of a pen they recently changed the share structure & wam! ! The Market cap goes up to :
O/S = 20,627,783 × 0.65= $13,408,058.
It seems odd to purposely increase your own company's market cap by 10,300% , Don't you think?
$20,627,783. ÷ $197,583. = 104.4
Maybe ?? They are trying to scare off traders so peeps they know can buy up the current public float on the cheap?
Its not scaring me from buying , I've been loading from .15 - .56 with avg. being just under .25 & I will continue to avg. Up because of my belief in the future of XCPCNL.
GLTY
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