I was intrigued buying shares of this company. Doing my research a large number of red flags piled up that kept me from doing so. I thought since I already did the work I share some if it. Not much sense of sharing any further since there is little interest here. But you be surprised what else you will find out. Again, good luck, I move on.
So you think that your rude insult is convincing somebody to buy into XLIT?
Not really worth my time to reply to you but people known to receive money to
write favourable superficial reports with outlandish price targets should be taken
cautiously to say the least. Anyways, good luck to you.
This is not the Bosch company you are thinking of. Do you really think they would be able to acquire a multi billion dollar company? They are using the same name and it is a multi media company.
According to the Q10 they had $10k in revenue. At a share price of 1 dollar and with about 42 million shares outstanding they would have a market cap of 42 million dollars. Who thinks that is a fair value of this company? From their Q10:
We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, there is substantial doubt of our ability to continue as a going concern.
We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.
At this point a fair market cap might be $5-10mio. reflecting a share price of $0.25-0.40.
How could you put a price target of $7.43 on this stock at this point?