I was introduced to Ihub by Bill and my other co-workers. I was told that people discussed XLPI and other stocks, but I did not realize that it was primarily a gripe board. So, just to set the record straight as far as I am concerned, I will submit the following, fully knowing that what I may, or may not say, will only add fuel to some people's fire and hopefully, bring some encouragement to others. I am a shareholder and an employee. I only met Bill a year or so ago through my spouse's automobile business, did not become an employee until last spring, and did not invest until just several months ago.
While Bill may or may not be the best CEO in the world, he does believe in the company and the products and is doing his best to try and see it reach it's potential. He does not make a huge salary at shareholders' expense. In fact he, as well as of the other employees, have not been paid in over a month just to keep the company alive. There has been more than one occasion when Bill has gone without so others could keep working. Those of us that remain are there because we see the promise and don't want to see it fail. Bill, as well as each of us, could very easily leave at anytime and just close the doors, but he doesn't, he keeps coming in, everyday, and does whatever he can to find the right answer(s). I am sure if anyone out there with more experience and knowledge were to come along and volunteer to help get things to where they should be, Bill would be the first to welcome the assistance, and even step aside, if that were best for everything and everyone.
We, the employees, though we are very few, are doing all we can to help sustain XLPI until things turn around. It is hard to do our work with such a great limitation, but we keep trying. Yes, it will still take a great influx of more funds for XLPI to succeed. I mentioned the meeting was recorded on three tapes. The meeting was about 2 hours long and the tapes were only 40 minutes each, so the meeting was divided into three portions so Bill could reset the camera each time. Yes, he had to be camera man as well as chair the meeting so some editing will have to be done at the beginning and ending of each tape to clear away the unnecessary chatter. The first part of the meeting he discussed where XLPI was and where it was going. I did not bring my notes home, but he addressed the necessity of clearing up the recession issue so XLPI could continue to go forward. When the funds arrive, a large portion will have to go in that direction, as well as clear up debts and get current on our financial obligations to our service providers. Discussion was had the the current status of the Flextek portion of the company, where things stand with the product and with CARB and EPA. There was also discussion on Lubrilon and the recent need to change the name from Xcelplus back to it's original name years ago and the costs involved with that change.
The second portion of the meeting was devoted to the discussion of Global and what part it will play in helping XLPI to be successful. I am not the best in repeating correctly what I hear, so I think it best to let the tapes speak for themselves. Given the current condition of XLPI, it was most beneficial for everything and everyone to start with a clean company and let that company help XLPI to be corrected and reach its potential. As I stated before, I am new to the investment world and I am totally unfamiliar with the requirements for stock companies, trading, etc. Bill did discuss how the funds for Global would be handled once they come in. Global is in the process of becoming OTCBB ? is that the correct term? I believe that this is necessary for the bigtime investors to take Global seriously...right? When the technologies are completely securred then the next steps in the plan can begin, that of getting the products to the market place (retail, lube centers, etc.) and the next phase can begin in building and producing the ethanol plants, etc., to become global in scope.
The third portion of the tape shows the plan for the funds. Global will start building the lube centers (here is where the Lubrilon products really start to get back out on the market place), assist with the company in Asia (which is basically pushing nothing but the Lubrilon products), and help XLPI both stand back up and to start moving forwarded.
I am sure all of this information will be on the website by the end of the week, unless the lights are turned off. Our website manager will work as quickly as she can to put the videos on the web as soon as the video manager gets them in a format that will be internet compliant. And, just for the record, both of these individuals would like a paycheck, too. They are still working so you, the shareholder, will have some kind of reason to keep believing in XLPI, and yes, in Bill. Like it or not, he is the current leader, and has a really rough road before him. How he got there now is really neither here nor there. Hopefully, we have all learned from this experience and the same mistakes won't happen again, whatever they were. If you want to see any return on your investment(s) at all, you may want to give him one more break.
Like I said, I am new and don't know all the business of the past. I do not know who invested what, when or how much. Frankly, I am glad of that. I don't want to know. If we could all turn our energy to help see what we can do to help things get better instead of seeing how much farther down we can kick someone, then there would be a chance this company will not only make it, but start to really shine.
To answer the most recent questions...there were only four people at the meeting aside from Bill. Employees, of which most are also shareholders.
And that's probably the last you will hear from me. Good luck guys! Hope your team(s) were victorious.
