The company has three years of zero revenue. Why anybody would take such a company public is beyond my ability to appreciate. They had no discernible capex spending for three years, which is unusual for a tech company with such a supposedly promising approach to acceleration. In 2011 they spent a whopping $13K on capex. It took them three years to figure out how to spend money on R&D, folks. Figure that one out. Other tech companies start spending on development right off the bat.
The leadership team seems to have relevant entrepreneurial credibility at first glance. They also seem to have a common connection to CC Power, XCLL's predecessor company. It's cool that founding teams stick together but they need to produce more than a corporate reorganization and name change. I've noticed that the original company was born in Gold River, California before its reverse merger. That's a stone's throw from where I grew up. There is no precedent (of which I'm aware) for any special business innovation to come out of the east side of Sacramento - except for Yours Truly, of course.
If this stock is anything like the others in Tim Fields' mailers, I expect it to underwhelm in 2012. I stay away from tech companies that run their big fat mouths about how much promise they have with little tangible results.
Full disclosure: No position in XCLL, ever.