samplescave, from EXMT CEO conversation…
I spoke to the EXMT CEO, Richard Wilson (Rick), and I believe in EXMT even more after speaking with him. First, it’s not very often that you can pick up the phone and call the CEO of a stock that you are in like you can here with EXMT. Here are some things that he confirmed with me after me asking him a series of questions…
1 ** EXMT is ”not” toxic. All of the selling that people are seeing is coming from retail selling. The company is not selling any shares. The company will confirm this with anyone that calls and I believe the company.
2 ** There are ”no conversions” which also confirms to me that the company is not selling any shares. He had done one (convertible debenture) last year for about $100,000 and he said that all of it should be executed by now from when he last looked into it. He said that such is something that he will never do again as he understands the importance of such to the stock and its investors. He said that some of the selling is from he believes some of the few shares remaining from people who got shares from the previous managements ago (ie. possibly old lawyers, accounts, consultants, etc.). He is confident that they should be out of their last bit of remaining shares which wasn’t much anyways.
3a ** The majority share owners are him and another guy named Iscard (I think that’s how he said his name). He said that there is no way that they can sell their shares because they have not even been converted from preferred status common shares status. They don’t even have their cert yet. It’s still sitting at the Transfer Agent (TA) in preferred status.
3b **** Still. Even if they did convert them (as they have no desire to do so), they would be converted from preferred shares to common shares under Rule 144 to where they could only sell 1% of their shares every 90 days. The CEO told me that he has never issued a share of EXMT to himself in his life and that neither him nor his partner has any plans to do so.
4 ** The CEO is motivated to make something big out of this because he has over 300 close friends and family that are in EXMT which is also why he won’t do a reverse split after I asked him about such. He said that the Outstanding Shares (OS) is small enough to where they would never need to do one. I didn’t ask him for the exact OS amount, but I did ask him if the OS was under 500 million shares and he definitely yes. That’s great, especially for a penny stock these days.
5 ** I asked him about news and he informed me that they have many good things going on that the company will be announcing. He said that they have major news coming out next week that should chance the direction of the company for good to something very positive in the eyes of all once and for all. From my understanding, those who don’t believe that EXMT is serious, they will be believers after this news come out.
** He told me that anyone is welcomed to call him if they like to confirm what he has told me. His number is 650-222-2863.
v/r
Sterling
