Rediculousd Monday, 01/29/18 01:25:31 PM Re: spin1 post# 25826 Post # 25827 of 25853 Go 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).
Neah Power XNGRI DOE_MERIT_REVIEW_JUNE_9th (Company videos listed at bottom) Name Collaborator with 3 major labs.... IKEA and Daimler rumors....
Rediculousd Thursday, 10/19/17 01:06:20 PM Re: NPS2008 post# 25009 Post # 25013 of 25078 Go ...three weeks ago ... met with Daimler who has asked us to put together an MOU to develop and test the next generation of automobile batteries. Two weeks ago ... met with the venture arm of IKEA who will invest in XNRGI and would like a US co-investment at a pre- money valuation range of $105M to $120M....
ShortonCash Monday, 10/09/17 11:03:34 AM Re: spin1 post# 24893 Post # 24898 of 25084 Go Neah Videos! Updated video includes the NEAH name! Watch all three...
spin1 Monday, 10/09/17 10:30:51 AM Re: dhe777 post# 24892 Post # 24893 of 24895 Go Updated video includes the NEAH name! https://vimeo.com/237040390
Bill_ENG Wednesday, 09/06/17 09:18:42 AM Re: None Post # 24504 of 24895 Go NEW VIDEO:
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