Tuesday, May 24, 2022 11:39:18 PM
Most companies can utilize an SEC rule called "Testing the Waters". What this does is give companies that have filed registration documents such as a Reg A the ability to measure investor interest in a registration. This process does not have to be publicly disclosed. Reg A filings can cost upwards of $100,000 so a company is not going to proceed with a registration filing unless they feel they have a decent chance of success. My best guess is that XALL has interest from investors to fund the Reg A as long as the current share price equals or is greater then the amount listed in the Reg A.
One more comment....I am not 100% positive on this, but from my experiences in the past, I am not sure comments going back and forth from the SEC to the company regarding a Reg A have to be made public. So just because comments have not been available, does not mean nothing is happening.
Again...all of this is my two cents. Most of this info is available online through Google searches, but did want to bring up since I have read comments surrounding these subjects. GLTA
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