Last Friday, XO Holdings Inc. (OTC:XOHO) took the way down. After a couple of gains on the previous days, the stock started 
falling down again at no news revealed.
The latest official announcement by XO Holdings came up on April 7, reporting the engagement of a financial advisor and a legal counsel by the company. On the next day, the CEO of XO, Mr.Carl Grivner, resigned to pursue other opportunities. However, after that no more news by XO was released.
Last week, bloomberg.com announced that XO Holdings might be the next company to be acquired. In January, the big investor Carl Icahn pushed XO board to sell, offering to buy the business for 0.70 cents per share through his company ACF Industries and now Mr. Icahn controls XO Holdings.
XO Holdings, Inc. is a holding company for its direct and indirect operating subsidiaries, including XO Communications, LLC. Despite the Friday loss, it is claimed that XO has reached the highest levels since 2009 after Level 3 Communications Inc. agreed to acquire Global Crossing Ltd., another broadband company. However, right now the future movement of the stock is hard to be predicted.[BANNER]
The annual report of XO Holdings states that the company depends on third-parties for the performance of certain network services and business operations. Total assets of XO are just a bit higher than its accumulated deficit, while the stockholders’ deficit has increased.
At the same time, the management claims the company’s common stock may be affected by limited trading volume and may fluctuate in price significantly. Moreover, any future sales or issuances of common stock could adversely affect XOHO stock price and/or its ability to raise capital.
