LOL! Jimmy is going to sue Trader's Choice on what basis???? Oh yeah, "they pumped my company, so Trader's Choice is being sued, because they pumped my company"! Good luck on this one, Jimmy-boy!
JAMES SCHRAMM HAS NO GRIP ON REALITY! Check it! Schramm is proposing to hire at least FOUR "EXECS", using money from where? A LOAN?OMG...REALLY? This doesn't even include paying off the current convertible debt or paying to achieve "active reporting status"! Wonder if the SEC has contacted Schramm regarding XLIT's filing delinquencies? It is certainly possible!
How much money ya lookin' for Jimmy-boy?ALOT???
XLIT HAS NEVER SUCCESSFULLY DELIVERED ON EVEN ONE SINGLE ANNOUNCED PROJECT! Who in the world would consider loaning Schramm money? EVEN HIGHLY TOXIC DEATH SPIRAL FINANCING IS A STRETCH, AS XLIT MAY NOT BE AROUND LONG ENOUGH FOR THE LENDER TO TAKE ADVANTAGE OF THE EXTREMELY FAVORABLE TERMS, i.e. 50% to 70% DISCOUNT ON A CONVERSION!
Today's PR by James Schramm is pure "AMATEUR HOUR"! Check out the phrase highlighted in "blue"! SAY WHAT? Reading the above, it actually sounds like Schramm is saying, "John DeNobile was mean to me!" Schramm should have hired Trader's Choice to write the PR!
WELCOME TO PENNY LAND AND TOXIC FINANCING JIMMY-BOY!
AND THIS FORMAL COMPLAINT TO THE SEC WILL ACCOMPLISH WHAT? IT SURE AS HELL WILL NOT COMPENSATE THE XLIT SHAREHOLDERS! IMO...THIS ACTION SHOULD BE PUT IN THE CATEGORY OF "YEAH RIGHT"!
ACTUALLY, IMO, A FORMAL SEC XLIT SHAREHOLDER COMPLAINT AGAINST JAMES SCHRAM MIGHT HAVE A HIGHER POTENTIAL FOR SUCCESS! IF JAMES SCHRAMM WERE ACTUALLY CONFIDENT IN THE CASES AGAINST TRADER'S CHOICE AND DENOBILE, HE SHOULD BE INITIATING CIVIL LITIGATION VERSUS BOTH! OF COURSE THAT WOULD REQUIRE MONEY AND XLIT HAS NONE! JUST A GUESS, NO REPUTABLE ATTORNEY WOULD DO THE CASE ON A CONTINGENCY BASIS, AS THE CHANCE OF WINNING IS PROBABLY APPROACHING ZERO! ON THE OTHER HAND A SUCCESSFUL LITIGATION OUTCOME, WOULD POTENTIALLY HELP THE XLIT INVESTORS!
TODAY'S PR IS MORE JAMES SCHRAMM SMOKE AND MIRRORS, AT BEST!