Xalles Holdings Inc (XALL)

[BIOCHEMUP]

We're trading below book value here, XALL continues to add value and build a platform on which asset appreciation will only increase as time goes by.

One word about MinervaWorks and S4 and the ITES-3S contracts in an official Press Release and we're nowhere near $0,005. Don't forget, S4, the teaming partner of MinervaWorks has, and I quote: "had the privilege for supporting the U.S. Army for many years".

"The S4 / MinervaWorks relationship is growing and we expect to work together on several ITES-3S contracts".

Meanwhile, from the PR announcing the acquisition of MinervaWorks by Xalles Holdings:

"The Xalles / MinervaWorks relationship is growing and we expect to work together on several developing opportunities."

So what exactly is growing and developing here? I had hoped for Nash to clarify in the podcast but maybe he can't talk about it yet. Maybe because the Reg A Tier I application was filed 03/26 and should be approved in the following weeks? After approval we as shareholders might learn more about what's growing?

From Twitter: "Xalles Holdings will use funds raised through this offering towards growing the business of the existing operating subsidiaries, debt repayment, and additional acquisitions."

$XALL Xalles has received a Letter of Interest from Continuation Capital, an institutional investor, to potentially fund all or part of this Tier I offering and part of a subsequently planned Tier II offering. https://t.co/92WMT4GI41. #XALL, #fintech

— Xalles (@xalles1) March 26, 2020

What still strikes me is that one week after announcing the MinervaWorks acquistion back in March Xalles files for Reg A financing coupled with an institutional investor wanting to finance Tier I ($3M) and a subsequent part of Tier II. Tier II only for OTCQB companies, which requires to be eligible an audit of financial statemens and 30 days PPS being +$0,01.

To me it's no coincidence that one week after closing of MinervaWorks acquistion they file for Reg-A and have instant institutional support for it. Tells me the funds must be used for some projects already proven to yield immediate profit or Continuation Capital wouldn't be convinced to invest for a Tier I AND Tier II offering.