Replies to post #21159 on XCPCNL Business Services Corp (XCPL)

[Nicasurf]

Please post. There isn't any new filings in the otcmarkets.com. below is what the press release stated.

The acquisition transactions are expected to close prior to the end of August 2022, and the Company is not aware of any impediments to closing.

[nsomniyak]

They are NOT taking the company private. They are doing two separate reverse mergers (essentially acquiring the operations of two distinct private companies for shares in exchange for an ownership position in XCPL, the public company). Presumably the owners of the private company will get convertible preferred stock, or will be issued new common shares. We don't know those numbers yet, but we can be assured the assets do not come into XCPL "for free".

At the end of the day XCPL will still be a public company, essentially with two "divisions" - one being what is now Advanced Research Machines LLC (ARM) and the other being what is now Xerxes Trading LLC (Xerxes).

I have to presume that the reason for this structures is that Centiment Capital, which operates those two entities privately now, has additional operating subsidiaries and/or other assets which are not part of the r/m and which will continued to be operated privately by Centiment after the r/m with XCPL is complete.