XLI Technologies, Inc.

The SEC formally revoked XLI Technologies' registration under Section 12(j) for failing to keep up its periodic filings, ending its life as an SEC reporting company - the same enforcement order also revoked two unrelated shells, Apptigo International and Zentric.

registration revoked

A late, bundled Form 4 covering CEO Schramm's transactions from October 2015 to March 2016 revealed he was the sole owner of Bosch International LLC - meaning the company's founding acquisition was a related-party self-deal, not an arm's-length purchase - and showed him selling stock at $0.25-$0.30/share on the open market even as he separately cancelled large blocks of his own shares.

director interest notice

XLI Technologies took on a third toxic convertible note - $55,556 face value from JMJ Financial for $50,000 cash, convertible at 60% of the lowest recent trading price - while CEO Schramm cancelled another 25,000,000 of his own shares, bringing his total voluntary cancellations to 65,000,000 shares.

capital raising announcement

XLI Technologies entered a much larger convertible-note facility (up to $1,050,000 total) with RDW Capital LLC, drawing a first $250,000 tranche via an 8% note; a placement agent took a cut and the note could later convert into stock, adding to the company's growing convertible-debt overhang.

capital raising announcement

XLI Technologies raised $250,000 by selling a 12%-interest convertible note to JSJ Investments Inc., convertible into stock starting 180 days later - the first of several deeply discounted convertible-note financings that would substantially dilute shareholders over the following months.

capital raising announcement

New controlling shareholder James Schramm had the company (renamed from Mineria Y Exploraciones Olympia to XLI Technologies, Inc.) acquire Bosch International, LLC - which holds exclusive US/Canada distribution rights for nano-printed 'LightSheets' lighting technology aimed at the entertainment sector - for 25,000,000 shares, abandoning the original gold-exploration business; a later Form 4 shows Schramm himself was Bosch International's sole owner, making this a related-party acquisition rather than an arm's-length deal.

asset acquisition disposition

Founder Francisco Antonio Jerez Garcia sold his 50,000,000-share majority stake (67% of the company) to James Schramm for $20,000, with Garcia handing over the CEO and sole-director roles to Schramm - the start of a change of control that would shortly reinvent the gold-exploration shell as a different business entirely.

business combination

Mineria Y Exploraciones Olympia, Inc., a newly incorporated Nevada gold-exploration shell operating through a Dominican Republic subsidiary, filed to register 25,000,000 shares at $0.002 each (up to $50,000) for its IPO.

securities registration