Business
Xalles Q&A Release Sept 23
Xalles Q&A Release Sept 23.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"Xalles Holdings Inc. (OTC: XALL), an industry-leading fintech holding company specializing in innovative technology and financial service solutions, today is answering recent shareholder questions.In line with our unwavering commitment to transparency and fostering meaningful engagement with our shareholders, Xalles is pleased to provide clarifications on several pertinent topics:Q1: Can you provide clarity on the “Contractors” line item listed under “Expenses” in the quarterly filings?A1: The line item titled “Contractors” primarily covers staff-related expenditures, which include costs related to 1099 contractors and other corporate contracted entities. This is related to this type of expense of all corporate bodies fully owned by Xalles.Q2: Considering the recent downturn in share price, how is Xalles strategically acting to uplift shareholder value?A2: The leadership at Xalles is deeply engaged in an array of strategic endeavors, spanning from fundraising initiatives, identifying and finalizing new acquisitions, to bolstering the growth trajectory of our present subsidiaries.Q3: Could you share insights into the current funding strategy?A3: Xalles is actively engaged in high-level conversations with several prominent funding entities, encompassing both debt and equity avenues. Furthermore, Xalles has plans to apply for a Reg A+ public offering.Q4: Are there updates on the ongoing acquisition processes?A4: Xalles is currently engaged in discussions with nine companies, each displaying potential alignment with our RISE model, either as acquisition targets or as synergistic partners for our active subsidiaries. Official announcements will be made once binding agreements are in place.Q5: Can you explain the rationale behind the decision to augment the number of authorized shares, as opposed to executing a reverse split for common shares?A5: After assessing our present capitalization dynamics, we recognize the need to expand the number of authorized shares to accommodate more substantial fundraising ventures. It's also important to note that we currently do not view a reverse stock split as a favorable move.Q6: With the recent expansion in the total number of authorized shares, can you shed light on the expected funding structure? Additionally, how do you envision this funding aiding our current subsidiaries and our pipeline of p...