XTI Aerospace, Inc.

Analysis for Ticker: XTIA

XTI Aerospace Inc sells the idea of a fast airplane that takes off like a helicopter, but its true business is a machine built to transfer money from the public to a small group of financiers and bosses. The math is a disaster because the company lost 36,6$ million in nine months while its main airplane project made 0$ in revenue. It works like a bucket with a giant hole in the bottom; no matter how much money investors pour in, the bosses have designed special rules to scoop it out for themselves before it can ever be used to build a real plane. To keep the game going, they use a trick called a reverse split to glue thousands of old, worthless shares together to make one new share look expensive, even though they have already wiped out the value of 25.000 shares just to make the single share you see.