((RAIN)) Rainmakers-Island

[53chevy]

Looks like XRGI is becoming a shell, not a shell with an active interest. From the 8K, Barron's is bailing.

Be careful.....

As described herein, XRG is ceasing active business operations as a non-asset based carrier. XRG continues to incur a substantial negative working capital deficit which is due to a variety of factors, including but not limited to the inability of XRG to generate sufficient revenue to generate positive cash flow under its agency business model. Barron Partners, LP (“Barron”), who has funded XRG in excess of $9,000,000 of working capital and equity investments, is unwilling to provide XRG any additional capital