This company is a complete joke and yesterday's afternoon GIANT DUMP only supports this notion. XLIT went from a morning high of $1.46 to losing enough to bounce at .90 in the early afternoon. Anyone reading the 8-K/A has to be "boggled"! James Shramm of Bosch received 25,000,000 XLIT restricted shares, which at $1.00 per share equals $25mm, as compensation to execute the reverse merger with XLIT. Then Shramm purchased 50,000,000 XLIT shares for some unknown amount in a private deal, thus he now controls 75% of the outstanding shares and is the XLIT CEO AND ONLY MEMBER OF THE BOARD OF DIRECTORS! And to give this some perspective, Bosch, led by Shramm, had NO REVENUE, VIRTUALLY NO ASSETS, and NO BUSINESS STRATEGY TO ACQUIRE! Sure sounds like this might be worth the 25,000,000 share XLIT GIFT. LOL! Indeed XLIT is a complete joke, working to financially crush the retail shareholders!
HMMM...I AM THINKING "SCAM"! ONE CAN SEE THIS ONE A MILE AWAY!