XLI Technologies Inc (OTCMKTS:XLIT) has seen a huge drop on massive volume in recent trading as so commonly happens on these heavily promoted stocks with no fundamentals to back them up. XLIT with its $100 million plus market valuation and a laughable $8,375 in the treasury and $115k total assets was easy pickings for an ever increasingly aggressive short position.
XLIT was a multi-million dollar stock promotion and the latest pick from TradersChoice who has been busy touting the ticker in recent weeks. XLIT is the new ticker symbol for Mineria y Exploraciones Olympia Inc; MYXY changed on December 1 following the acquisition of Bosch International, LLC for 25 million restricted shares.
XLI Technologies Inc (OTCMKTS:XLIT) says it was formed to capitalize on the anticipated huge demand for their new flagship product, nanotechnology printed lights, otherwise known as LightSheets.
XLIT completed the acquisition of Bosch International, LLC, a Nevada limited liability company in October. According to the share agreement from October 20, the Company acquired 100% of the issued and outstanding membership interest of Bosch, in exchange for 25,000,000 restricted shares of the Company’s common stock. As a result of the acquisition, Bosch became a wholly-owned subsidiary of the Company.
Bosch International, LLC holds the exclusive rights in the United States and Canada to distribute LightSheets (printed light technology/nano printed lights) for the entertainment sector including movie theaters, movie studios, actors, agencies, marketing firms, PR firms, outdoor media, motion pictures, and television. LightSheets are a truly 100% nanotechnology utilizing a specialty coating printed on a thin sheet (as thin as paper) to generate a clean and pure light that uses less than one watt of electricity per foot.
LightSheets can be as small as 1 X 1 inch or as large as 800 X 800 feet. LightSheets can be bent, cut, folded and smashed without causing any affect or altering to the light. LightSheets have a heat tolerance of 200 degrees F and cold tolerance of -15 degrees below zero, can stay on continuously for 10 years, has no conductive metal, no LEDs, no bulbs, no fuses, and no glass.
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Last month XLIT announced its wholly-owned subsidiary, Bosch International, LLC, has added yet another product to their Printed LightSheets line with a floating look, 4-foot tall, 2-foot wide and less than a quarter of an inch thick, free-standing, double-sided Printed LightSheet fixture. This fixture placement will begin in limited theaters this Tuesday, Feb. 9, 2016. This fixture provides an additional opportunity for Movie Theater/Cinema Chains, Movie studios and businesses yet another innovative positioning and advertising platform supporting additional revenue opportunities.
On March 7 XLIT announced it has expanded its recently announced exclusive distribution and marketing rights agreement with Bosch Technologies, LLC to include additional products. As previously stated, BTL has acquired these distribution rights from Triton Solar, LLC.
Per the Agreement, XLI Technologies, Inc. will have the exclusive marketing and distribution rights to some of BTL additional products, including the Printed LightSheets, Printed Solar Panels and Printed Batteries, for the Caribbean Islands excluding Cuba. The Caribbean Islands encompasses 121 countries including US Virgin Islands, Barbados, Bonaire, the Cayman Islands, Saint Croix, the Bahamas, Hispaniola, Puerto Rico, Jamaica, Dominica, Montserrat, Saba, Saint Kitts, Saint Lucia, Saint Thomas, Saint John, Tortola, Grenada, Saint Vincent, Guadeloupe, Martinique, and Trinidad & Tobago. Under terms of the Agreement, BTL will become the exclusive international distributor for Printed LightSheets, Printed Batteries and Printed Solar Panels.
The technologies covered by the agreement include Printed Solar Panels, Printed Batteries and Printed Lighting that only consume .0625 watts per square foot and have a life span of 80,000-100,000 hours.
Last week XLIT issued an 8k that stated ”As compensation for the exclusivity rights, the Company granted Bosch a 5% royalty on all revenues earned by the Company from the distribution, marketing or resale of the Products and issued Bosch 4,700,000 shares of newly designated Series B Preferred Stock.”
According to the filing The Series B Preferred Stock is senior to the Company’s common stock and all other securities of the Company issued and established after March 9, 2016 that do not expressly provide that such securities rank on parity with or senior to the Series B Preferred Stock. The Preferred Shares have a liquidation preference of $10.00 per share.
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Currently trading at a $50 million market valuation XLIT has no assets or revenues and rising liabilities. The stock is a multi-million dollar promotion from TradersChoice.com who successfully took the stock from well under $0.25 to highs of $1.50 a share before the shorts stepped in and took it to the woodshed. The XLIT stock likely being liquidated into the campaign are from the forty unnamed individuals who received a total of 25 MILLION free-trading shares from ex-CEO Francisco Antonio Jerez Garcia for $0.002 a pop. XLIT also just issued 4,700,000 shares newly designated Series B Preferred Stock with a liquidation preference of $10.00 per share. Also on December 3 XLIT issued a $250,000 toxic payable which could be converted into 1.4 million free trading shares at $0.18. Watch for a dead cat bounce off reversal. We will be updating on XLIT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with XLIT.
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Disclosure: we hold no position in XLIT either long or short and we have not been compensated for this article.