Bill Smith is the CEO of XLPI. He has lots of ideas for different companies. My text with him this morning pretty much turned into an interview. It will explain a lot so please read closely:
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Hey are you the guy that recorded our conversation then posted it on investorshub??
Yes. Pretty sure you're pissed at me.
Naw you arent the first..
I keep a running transcript of all my texting with everybody.
Did you see the trading at the end of the day on Friday?
I see all you guys running trying to find answers... I really have no clue what's going on... let me pass you a nugget... clean Energy Pathways doesn't have anything to do with this either... I brought in a new CEO for XPGH back on 2006, Michael Parsons took over as CEO, he screwed things up, but also made some huge $9mm sales of a fuel we developed... later he would the shell (federal tax subsidies went away for the fuel) and someone bought it as we all do and changed the name to CPWY... again nobties or affiliation with XLPI..
I'm actually looking to buy that shell as well as a few hundred others for a crypto currency company I have.
Not really were launching a new CBD/CBN product line right now.... also launching a ship this year once I complete the acquisition of a German Technology, taking a cryptocurrency company public around the end of the year... taking over a chemical company in Texas... so I don't have time to watch XLPI...
So you're more interested in buying CPWY as a shell someday than XPLI and there is no connection? Dang, and no merger between CPWY & XLPI? I haven't had my coffee yet
No merger between the two the only plan for xlpi is to bring some products to market that are disruptive ....
Would probably if I can buy CPWY would be to put some other technologies I've been vetting for the last few years into it... I have my hands into new solar tech, microgrid, and new power distribution technologies they don't fit the business model I set for XLPI back in 2003
What I don't understand (I didn't exactly major in business transactions). When you were talking about taking XLPI private - Don't you have to buy all the shares to do that? Also, when you were talking about merging with some company> I'm confused.
And, if you have to buy all the shares the fact that they've run up a little wouldn't that make it too expensive to take it private?
All that was a someday thing and not imminent.
Not taking XLPI private, taking the private XcelPIus public some day through a Reverse IPO or acquisition by a pubco
...there is a private company based on this planet named XcelPlus that will release a few technologues soon and it will merge with a publicly traded company some day.
We have a plasma physicist involved as well as a PhD in syntax texhnologies specializing in The hydrogen atom on board... I've released this info publicly so none of this is confidential info... since that company is private you can't even buy stock in it at this point.
Is this starting to make sense... at this point none of what im doing has anything to do with XLPI on the OTC
Oh. I thought XLPI was just the symbol for XcelPlus. There's no connection?
Also for any company on any stock market to go back to being a private company... all they have to do is file a delisting form and the stock comes out of DTC and the symbol dissapears and they are now a private company...
you dont have to buy any shares back... done all the time.
Because getting publicly traded is quite a task today with FINRA and such
. But then it's a full time job just to stay public... that's why there are over 7000 companies on the OTC that are dormant today.
Nope none at all
OK, so you still have shares in XLPI so can we talk about an abstract company? What's to stop a person buying a non trading stock (lets call it ABCD) It's not trading so he can buy all the shares available and gets a MM to start offering for trade. He then sells his $.0001 shares as it is now trading on the Pinks and he (or she) can now make a fortune. Would FINRA allow this?
No
FINRA has requirements to start and stay trading on the PINKS. I would think this has to be published Publicly. Is this right?
The company and it as principles are always in control..
There are Transfer Agents who hold all of the paperwork on behalf of the company they charge about 2000 to 4000bper year based on transactions.... market makers only work on behalf of the company not the shareholders... a MM when you place an order must buy shares at a discount in order to fill your order.. they are nice enough fellows buy they work for commission or fees..
NONE of this applies to private companies
Sure, private companies don't have to worry about all this. Did I get these things right. XLPI (which trades publicly) does not own XcelPlus (which is Private) will come Public someday. You are still a Principle of XLPI and have never sold a share of XLPI. You can't right now anyway due to restrictions. There is no merger that you know of between XLPI and CPWY and you would know because you're a Principle owner.
Does XLPI still have any assets?
Yes to everything at this point
OK to post?
I now own 5.5 million shares of XLPI now, but it wasn't me buying on Friday.
No to assets that have value today... when Parsons took over XPGH he divested most of the fuel texhnologues and such back to XLPI. They took the waste glycerin based fuel and sold it to asphalt companies made $9 million in sales... since those days all fuel subsidies are gone making the fuels worthless... we had a flex fuel conversion technology we licensed but even that industry is dormant
Sure to post...most of this news was posted way back in 04-08
I win I have more... shares than anyone involved can ever own...
Yeah, I remember the flex-fuel conversion from back then. I thought it was a good idea at the time.
Sold a few hundred thousand $$ worth to a company selling mini trucks to US air force...then shipped a bunch to various parts of the world
Great I hope we all make money. You're still the CEO of XLPI so how in the heck can someone get this trading on the Pinks again since XLPI has to meet requirements of FINRA without you knowing about it?
He asked humbly.
I keep saying I have no clue because to my knowledge it can't be done.... but XLPI is not the only one Im buying a California pubco that was a grey as well about the same time it became a pink stop...so must be an OCT thing...
OCT?
No one but me to my knowledge can do it because the Board of Directors (That's me today) and or C-level executives (That's me again) must do filings on behalf of the corporation with OTC/FINRA.... none of this has been done.. the filing fee that the State of Nevada wants is over $10,000 alone Transfer Agent reinstatement $4000.
The California shell I can buy for $7000 ready to go... so economics play a roll in all of this
OTC... i screw up the CBD with CDB in one of our other projects fat fingers
Sorry, I don't understand the nomenclature. The mystery as to how the XLPI stock is trading just gets deeper. How the person started it trading and how it benefits them makes it even more mysterious.
