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Re: edwards post# 283

Wednesday, 02/18/2009 2:51:46 PM

Wednesday, February 18, 2009 2:51:46 PM

Post# of 13354
When XcelGlobal was formed, they had nothing. They had no money, no board of directors, they had absolute zero assets. XLPI was the crown jewel because they had the patents. So please tell me how XcelGlobal, which had no assets, was able to take the patents from XLPI. I will tell you why: I guarantee you that Bill Smith and the BoD own at least 80% of XcelGlobal stock, which has a very small float. So if XcelGlobal is successful,they will make a lot more money than if they stayed in XLPI with its large float. If you owned a company that had a patent and another company came to you and said I am going to take your company over and with it your patents, but I have no cash and no assets, what would your response be?