XNRGI Inc fka NPWZ

[Rediculousd]

As I understand it, THIS is what's going on:

1. Present a Plan takes all of the assets of the existing Xnrgi Inc. and transfers them to a new New Jersey-registered limited liability corporation (Xnrgi Solutions LLC). The Plan would include paying off all of the (fairly modest debts and other obligations owed by Xnrgi Inc. before transferring any assets). It would also provide an equity participation by the existing public shareholders in Xnrgi Inc. The equity they get in the new LLC will be valued at a multiple (perhaps 2:1 or maybe 3:1) since the new LLC will have an imputed value of at least $35million, based on a.)a recent $5mm investment by a private investor at that valuation and
b.) a new $2mm investment (which will fund expenses and provide some working capital for the LLC) valued at $35million.
The new Xnrgi Solutions will then raise several million more at a significant step up in valuation to take Xnrgi's batteries to market.
That's D'Couto's plan. We are tasked with finding an acceptable valuation since D'Couto is aiming for a valuation of approximately $100 million;
c.) accepting Management's equity participation which approaches 50%. The public shareholders should have no grounds for complaint since their shares in the new Xnrgi will be worth a multiple of what they are today. The challenge is what participation and say a new investor will accept. The $2mm to cover expenses is actually in escrow, held by Xnrgi's lawyers, and is from a single Indian private investor (unrelated to the other private Indian investor who four months ago put $5 mm into Xnrgi Inc. at a $35 million valuation).