Xponential Inc (fka XPOI)

[mrpanick]

Here's an excerpt on the transaction with CPFH. I didn't realize that Xponential got a secured mortgage note. That means that even if one of the investor groups sueing CPFH over investments that went bad wins a judgement, Xponential will get paid ahead of them. Excerpt from the letter to shareholders:


Additionally, in
September 2011, subsequent to the close of fiscal 2011, we were successful in converting the
preferred stock to a note receivable secured by a first lien on the headquarters building of CFH in the
amount of $1,300,000, which will be paid out over a six year period beginning in 2012