Transfer Agent Our transfer agent for our common stock is Continental Stock Transfer & Trust Company, One State Street, 30th Floor, New York, New York 10004. Call 212.509.4000 or 800.509.5586 or email cstmail@continentalstock.com to connect with us.
Hoping they've sold over a billion by now at an average price of at least $0.15 which is approximately $150,000,000 to the company...sell the rest of the AS at higher prices for even more monies...to pay off debt and lower that killer interest expense...for starters...
Call it dilution if you like but I think looking at this as a secondary "IPO" at approx 15¢ is a better way to view it.
XELA gets 95% of the cash raised from this offering. They are trying to get up to $250,000,000. Gotta sell a billion shares at an average price of 25¢ to get that 250 million dollars. Gotta sell 1.666 billion shares at an avg price of 15¢ to get the same $250 million.
With all the volume lately I'd say they are damn near "done" for now on the offering and it's in everyone's interest to make the share price soar...even the shorts (only 44M?) as they can easily cover down here and probably have...or will shortly...the OS should be damn near maxed out to the AS...
Here's XELA's company number if the transfer agent won't give out the current OS > (844) 935-2832.
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