Xalles Holdings Inc (XALL)

[mgos]

This is what I suspect, Kaptain. I am a private sector M&A advisor with 25 years of experience and have seen this in the past.

Ascento Capital (investment banker) filed a complaint against MinervaWorks (MW) back in August 2020. The complaint was likely due to MW being under a sell-side engagement agreement with Ascento. At some point, MW was acquired by XALL and perhaps Ascento feels it's due a fee. There are many possibilities but this is the most likely scenario. I have others.

To that end, XALL probably utilized certain reps and warranties in the purchase agreement to initiated what we call an unwind (walk back the merger/acquisition). XALL probably didn't want to be in bed with a company that did something egregiously unethical and they reversed course. If that's the case, good for them!

XALL is still listed as a defendant but I think they are in the clear if there was a legal unwind. This year XALL will acquire multiple companies, in particular under the VGR Technology subsidiary. Good times ahead!

All in my opinion of course. Go $XALL!