Past year: ▼ 65%(0.01c – 1.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2019registration revoked▼ BadMajor
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.
9 Jan 2017listing compliance notice▼ Bad
XLI Technologies withdrew its pending resale registration statement (filed April 2016) because the terms of the underlying note agreements were changing, and confirmed no shares had ever been sold under it.
21 June 2016capital raising announcement▼ Bad
XLI Technologies corrected an earlier filing error: the 100,000 Series A Preferred shares it had reported issuing to CEO Schramm in February 2016 were never actually issued or outstanding.
26 Apr 2016director interest notice▼ BadMajor
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.
19 Apr 2016capital raising announcement▼ BadMajor
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.
28 Mar 2016capital raising announcement▼ Bad
XLI Technologies disclosed the mechanics of its RDW Capital financing in full: the notes convert at just 60% of the lowest traded price in the 20 days before conversion, a steep discount structure that increases dilution as the stock price falls.
10 Mar 2016material agreement▲ Good
XLI Technologies expanded its Bosch Technologies distribution rights to 121 Caribbean countries and added solar panels and batteries to the licensed product line, paying with a 5% revenue royalty and 4,700,000 preferred shares (which Bosch said it would pass on to Triton Solar LLC, the original technology source).
16 Feb 2016other material event● Neutral
CEO James Schramm cancelled 40,000,000 of his own shares and returned them to treasury, cutting total shares outstanding to 65,500,000 - a partial offset to the dilution building up from the company's convertible-note financings.
1 Feb 2016capital raising announcement▼ BadMajor
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.
22 Jan 2016other● Neutral
XLI Technologies amended its October 2015 Bosch International acquisition filing to add the required audited Bosch financial statements and pro forma financial information.
11 Dec 2015material agreement● Neutral
XLI Technologies issued 5,500,000 shares to RMF Empire Inc. (owner of the West Coast Customs brand) under a co-marketing agreement letting each company use the other's trademarks in advertising, plus a non-exclusive license for West Coast Customs to use LightSheets in its promotions.
11 Dec 2015capital raising announcement▼ BadMajor
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.
2 Dec 2015material agreement▲ Good
XLI Technologies signed a second licensing deal with Bosch Technologies, LLC, this one for exclusive US/Canada LightSheets distribution rights to the automotive industry.
1 Dec 2015material agreement▲ Good
XLI Technologies' new Bosch International subsidiary signed a licensing deal with Bosch Technologies, LLC for exclusive US/Canada rights to distribute printed LightSheets to the movie/entertainment industry specifically.
23 Oct 2015asset acquisition disposition▲ GoodMajor
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.
20 Oct 2015business combination● NeutralMajor
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.
20 Aug 2015annual report▼ Bad
Mineria Y Exploraciones Olympia's annual report for the year ended 2015-05-31 (its last as a pure gold-exploration shell before the October 2015 change of control) showed cumulative losses of $165,544 since inception, still with no reserves identified and substantial doubt about its ability to continue as a going concern.
28 Aug 2014annual report▼ Bad
Mineria Y Exploraciones Olympia's first annual report (year ended 2014-05-31) showed cumulative losses of $113,354 since inception and reiterated substantial doubt about its ability to continue as a going concern, with no gold reserves yet identified on its Dominican Republic claim.
17 Dec 2013other● Neutral
The SEC declared Mineria Y Exploraciones Olympia's IPO registration statement effective.
16 Dec 2013other● Neutral
Mineria Y Exploraciones Olympia sent a final round of correspondence to the SEC, clearing the way for its registration statement to be declared effective.
13 Dec 2013other● Neutral
Mineria Y Exploraciones Olympia sent further correspondence to the SEC as the registration review continued.
11 Dec 2013other● Neutral
Mineria Y Exploraciones Olympia sent another round of correspondence to the SEC continuing to resolve comments on its registration statement.
4 Dec 2013other● Neutral
Mineria Y Exploraciones Olympia sent a further written response to the SEC's comments on its registration statement.
21 Nov 2013other● Neutral
The SEC sent a second comment letter on Mineria Y Exploraciones Olympia's amended registration statement.
14 Nov 2013other● Neutral
Mineria Y Exploraciones Olympia responded in writing to the SEC's comments on its registration statement.
12 Sept 2013other● Neutral
The SEC sent Mineria Y Exploraciones Olympia a comment letter on its IPO registration statement.
16 Aug 2013securities registration● NeutralMajor
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.
