XCPCNL Business Services Corp (XCPL)

[charhorse]

A couple of guys figured out how to sell a couple of privately owned companies to a public company.
The first guy was in a bit of trouble as his public company (a different one)was in debt and for sale and he needed cash.
The public company paid a million dollars for the first company even though that company had no revenue and retained the patents for the products.
They paid that million dollars by issuing shares through convertable debt.
They borrowed money to operate and paid back through convertable debt.
Then they determined that they needed to change their business plan to a different line because the first attempt was not viable.
Just so happened the CEO of the public company happened to own a private company currently in the business they were interested in.
They purchased the second private company from the ceo of the public company also using share issuances.
They actually spent more money selling those shares than they did running their business.
They paid the couple of employees they had with shares
They paid for share promotion with shares.
They were good