Shareholder Meeting Attendees
Unfortuneately I don't own enough XLPI stock to justify a 1000 mile trip to Virginia though I still hold enough to "feel the pain".
If anyone here goes to the meeting, here are some suggestions for questions to forward to Bill or his representives pertaining to his business plan, which, after reading the latest PR, I think, needs work.
"The sales goal was based on 2nd quarter Flextek sales growth and on contract negotiations to put Lubrilon products on the shelves of over one thousand major retail stores."
Question: Why isn't XLPI pursuing the obvious huge wide open market of FlexTek installation by third party drive-in lube centers instead of futilely expending resources to try to penetrate retail stores whose shelves are already saturated with oil and cleaning products?
Has XLPI made any ovatures to major lube-center central offices yet? Have any small independant oil change centers been approached with a FlexTek distributer or concession deal?
If Jiffy Lube, Magpie et al can install windshield wipers and EGR valves, they already have the employee skills and perfect setup to make 15 minute FlexTek installation/sales. The hood of the customer's car is already open and waiting.
Since XLPI is obviously low on money why not consider sending a travelling Flextek sales and training person around to lube centers in just one ot two E85 states like Minnesota or S. Dakota?
In regard to branded liquids, would it not be prudent to concentrate initially on a key E85 protective additive packaged in a small bottle analgeous to "Slick-50" to conserve process, storage and transporation costs? Plus, lube centers could then easiliy make a pitch for adding that little bottle of "crucually needed magic stuff" right next to the FlexTek kit at the time of sale.
Lube centers already have too many oil brands to push. The niche is still open for E85 related additive sales by them though.
I could go on and on, but, hopefully you get the idea...
News 
Market Data 
Discover 
