Exobox Technologies Corp (EXBX)

[TheLaserGuy]

Your numbers look good. If this was a 1:2000 RS and then 40,000,000 post RS shares were issued the current shareholders would have been diluted drastically.

If 100% of the company were in the shareholders hands we are talking about 500,000,000 shares. No one knows what the jack and his magic pen did with the stock certificates while the company was hijacked, but he had 2 years to issue 100 million shares, not a difficult task when that value represented about $300,000.00

If shareholders currently hold 500,000,000 shares at 0.0038 then the value of the shareholders combined accounts represents $1.9 million and the company has something like 3 million in debt on its books when we got the last financial report.

If there was a RS 1:2000 the shareholders account value would still be $1.9 million and their number of outstanding shares would be reduced to 250,000. The Authorized Share count does not change in a RS so with 250,000 shares outstanding the company would now be authorized to issue 499,975,000 shares.

According to the conversations that Zach has had with the CEO this is not the plan.


Lets take this PR from the top and dissect it, and we will apply what Zach has been told to the analysis.

1) Lets start with the title "Exobox Technologies Corp. Announces Acquisition of Cheribum Builders Group LLC." I'm gonna have to call BS on this. This smells of the announcement from the previous group about a dead broke company that had closed their doors suddenly acquiring oil wells worth $22.5 million that would produce income which would fund the development of the software: http://ih.advfn.com/p.php?pid=nmona&article=40039104 Now we are told that a company that essentially issued all of its authorized shares and carries million of dollars of debt on its books, will be acquiring a profitable company with millions of revenue. EXBX does not have the assets to acquire a quarter pounder much less a company with a revenue stream in the millions.
So lets re write the title.

Exobox Technologies Corp. Announces its participation in taking Cheribum Builders Group LLC public through a Reverse Merger.

2) The Current operations, technologies, and patents of EXBX are being spun out in a new company with a 1 for 1 share distribution, this will leave the current shareholders with the same shares in EXBX as well as their newly found shares in CBG.

The Current EXBX is in high level negotiations to spin out into a new company, with a 1 for 1 share distribution, the operations, technologies, and patents previously owned by EXBX, this will leave the current shareholders with the same shares in the newly organized company as they have in EXBX today well as their newly found shares in CBG. The reorganization of EXBX will address many legacy debt issues.

3) Under the terms of the Agreement for the acquisition; The Company will complete a reverse of 1 share for each 2,000 shares currently owned, and will acquire the controlling Interest of CBG, by issuing 40,000,000 post reversed Common shares of the company.

Under the terms of the Agreement for the Reverse Merger; The Company will award EXBX shareholders 1 share of CBG for each 2,000 shares of EXBX currently owned. CBG will issue 40,000,000 shares after the RM to be used for a new round of funding.

4) The transaction will be considered a Reverse Merger and Reorganization for reporting purposes and will undertake a name change to Victura Construction Group Inc.

The transaction will be considered a Reverse Merger and Reorganization for reporting purposes and will undertake a name change to Victura Construction Group Inc and a new name will be issued for the newly organized company, formerly known as Exobox Technologies, EXBX.



Alrighty then I'm done.

I may have clarified things, I may have stirred up more mud, time will tell.

Shaun if the text in bold does reflect what the initial PR is trying to convey you can text me a short message and I'll post here that the text in bold better describes the RM than the text in red.


GLTA


AMFs