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EXBX filings
- Current report filing (8-K)
Date : 10/15/2009 @ 10:02AM
Source : Edgar (US Regulatory)
Stock : (EXBX)
Quote : 0.038 0.0241 (173.38%) @ 7:15PM
- Current report filing (8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D)
of the
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 14, 2009
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
000-51689
88-0456274
(Commission File Number)
(I.R.S.
Employer Identification No.)
2121 Sage Road, Suite 200
Houston, Texas
77056
(Address of Principal Executive Offices)
(Zip Code)
(Former name or former address, if changed since last report.)
(713) 625-7800
(Telephone number, including area code)
ITEM 8.01 Other Events
On October 14, 2009, Exobox Technology Corp. (the “Company”) announced that it has entered into a non-binding letter of intent to acquire 15 income producing oil and gas wells in the Clinton and Marcellus Shale region in Ohio. It is intended that the cash flow and net worth from the oil and gas assets will assist to further develop the Company’s software products and technologies, as well as those oil and gas assets being acquired.
Item 9.01 Financial Statements and Exhibit
The following exhibits are to be filed as part of this 8-K.
EXHIBIT NO .
IDENTIFICATION OF EXHIBIT
99.1
Press Release of Exobox Technologies Corp., dated October 14, 2009.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
By: /s/Kevin Regan
Kevin Regan, Chief Executive Officer
Dated: October 14, 2009
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the one that got away
Link To This Article:
Exobox Announces It has Entered Into a Letter of Intent to Acquire $22.5 Million of Proven Reserves
Date : 10/14/2009 @ 8:23PM
Source : PR Newswire
Stock : (EXBX)
Quote : 0.038 0.0241 (173.38%) @ 7:15PM
Exobox Announces It has Entered Into a Letter of Intent to Acquire $22.5 Million of Proven Reserves
HOUSTON, Oct. 14 /PRNewswire/ -- Today Exobox Technologies Corp. (OTC Bulletin Board: EXBX) (the "Company") announced that one of its board members has identified and assisted management in entering into a non-binding letter of intent to acquire 15 income producing oil & gas wells in the Clinton and Marcellus Shale region in Ohio from a private oil & gas company. These oil & gas wells have a represented PV10 reserve value of approximately $22.5 million (based on current NYMEX pricing). It is intended that the cash flow and net worth from the oil and gas assets will assist to further develop the Company's software products and technologies, as well as those oil and gas assets being acquired. The parties intend on executing a definitive agreement on or before October 19, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090508/LA13785LOGO)
"Upon the closing of the transaction, this will enable Exobox to continue its operations as originally planned. It should provide us critical mass and bring substantial asset value to the Company," said Exobox CEO, Kevin Regan.
The non-binding letter of intent contemplates a purchase price of approximately $13.25 million which includes the assumption of existing debt in an amount not to exceed $3 million, as well as the issuance to the seller of a combination of convertible notes, convertible preferred stock and common stock that on a fully-converted basis would not exceed 9.9% of the total shares outstanding of the Company.
This is a non-binding letter of intent, subject to completion of due diligence by both parties and negotiation of definitive agreements, and there can be no assurance that a definitive transaction will be entered into between the parties incorporating these or any other terms.
Cautionary Statement Relating to Forward - Looking Information for the Purpose of "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995. This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act
It may have slowed us up, but you are right ....we will still get the same results... go icty
I agree with that based on the chart. Today looked like a gift for a starter position so I made the exchange with whoever it was that felt differently about it. We'll see who's right. My guess is a lot of people got stopped out today and will watch tomorrow in regret as it starts the rebound.
Now the big question I have is did today effect the end result you and the others here are expecting from it?
That sucks, but I have a friend that tells me it's coming back just hold on.
that dump landed square in the middle of my forehead and then they rubbed it in...
I bought in today from .0016 down to .0012 and am glad to have picked up the shares that I have. I sold some other stuff to get into this today. Tomorrow will be a rebound day or else another load up day for us. I've been watching this for a while but wasn't ready to buy before today.
For all you guys and girls that may be into some PMDP, I think it's gonna run soon on volume again. Look at the volume waves on it and the pps reaction to it. I smile when I look at the chart.
There is a rumored PR this week. In fact, the CEO promised a PR this week to one of the holders.
So some buying on that.
Strong DD suggesting a merger with:
http://www.yellowheadmining.com/s/StockInfo.asp
The only bad part of today is that someone took a dump on ICTY!!!!!!!!!!!!! There are two others I have gotten into and they are doing good right now though.
what a miserable day... and week... I'm really bummed out
I know I was messing with ya
The sad thing is, I can't get in right now. I'm all in on something else and can't afford the loss.
I wasn't slamming your/my team, just stating the obvious.
Hey Now Be Careful there....haha Yea been a horrible year but ICTY will be just fine watch and see been buying all I could at these levels today even selling off some of my other plays.
Same here, couldn't pass them up.
GLTA
Today, it's like watching a Titans game. ;)
Hold on hell I'm buying the heck out of it today.
Yep there is you will see soon I hope
Guys I know today is a bad day on ICTY but trust me on this hold on.
Is there a bottom on this?
Crazy as hell and I added today errhhhh
just got in frmo my drive over the pass... This is a fucking clusterfuck who the fuck is dumping ICTY
Riding majority of shares free on a core position and trading blocks of it on each new leg up. This thing is "predictable" and has been nothing but a good news story for me.
Once/If the company and BK Court judge gives approval for a Shareholders' Equity Committee to be formally organized and recognized at the collective bargaining table, it will explode either up or down. Up if the Shareholder committee is allowed to form because that will in essence say that the common shares will survive the Bankruptcy (BK) proceedings. Down if the vote is against the Shareholders Equity Committee or that it is not allowed to form. A very telling material event..
The whole crux of this stock is based on one question...will the common shares survive the bankruptcy proceedings?. Since March '09 the "trend of belief" has been that the commons will survive. We are seeing some HEAVY buyers and even some institutional hedge fund type buyers step in and buy and are holding millions of $$ worth of shares now...
It's in Bankruptcy status and is a gamble though...look at what has happened to several companies that went this same route i.e. GM who screwed their shareholders by cancelling the common shares.
A lot of things to consider but I'm happy with it so far
DD22
That's a damn good trade DD!!! Hopefully you've turned some of that gain into cash??
-Dave-
TRADING ALERT.. CEMJQ just released September Financials (MOR) via 8K
http://phoenix.corporate-ir.net/phoenix.zhtml?c=68079&p=IROL-sec
This ain't your Daddy's pinksheet stock...and as they say in the South..."Hey Watch This".
DD22
p.s. This trades in less volatile type movements similar to a Big Board so don't be expecting some real large movements either way. Just look at the overall trend since March 2009 until now. I've been in since .08 and only regret is that I didn't buy f'ing more then instead of holding some other flea bitten dogs. ALL IMO. The book value alone is $1.37 without any P/E application. Several I-Hub respected traders are saying this stock should be valued at $10-11 range.
That f-tard is still thumping the bid on ICTY...getting ready to add when he calms down. Of course at this rate that might not be until tomorrow....geeeeeez
-Dave-
IOVE getting the chit slapped out of it's ask.....break HOD and we're over .02!!!
-Dave-
I'm in that one too....so far so good, it trades pretty slow but that ask is thin. It looks like IOVE is picking up steam again for an afternoon run. Have you smacked that one yet?
-Dave-
That's what I'm thinking.
-Dave-
Maybe so lets hope so supposedly news was supposed to be released this week so getting closer.
LOL....it wasn't me. It'll go back up though.
-Dave-
BESE starting to get some good action...the most aggressive the buyers have been in a few days....Hmmmmmmm......perhaps the merger/buyout news is beginning to leak?
-Dave-
Looks like its going back up what and dumbass seller damn
BEHL NEWS! I'm in @ .034
press release
Oct. 15, 2009, 12:21 p.m. EDT · Recommend · Post:
BioCentric Energy Receives Large Algae Oil Order
SAN JUAN CAPISTRANO, CA, Oct 15, 2009 (MARKETWIRE via COMTEX) -- BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today confirmed the company received a large initial purchase order for 2000 Kilograms of a specific blend of nutritional ALGAE oil.
The Algae will be grown, harvested, and oil extracted jointly by BioCentric (BEHL) and Renewed World Energies in South Carolina under a Teaming Agreement to fulfill the initial order.
Dennis Fisher, CEO of BioCentric (BEHL), stated today, "This teaming agreement with Richard Armstrong and Tim Tompkins of Renewed World Energies in South Carolina is the first of several opportunities as a result of our participation at the ABO in San Diego last week."
Mr. Fisher further stated, "I would like to take a moment to thank Monique Barry, our new Director of Sales and Marketing, on the outstanding job of succinctly and effectively portraying our efforts to the attendees at the ABO."
BEHL is on fire right now! ,up 29% .035's getting smacked
IOVE following the same pattern as yesterday.....should make a little run going into the close.
-Dave-
Agreed....just added at .0018..still waiting on the rest of my fill...maybe 'they' will sell them to me. :))
-Dave-
Hey Everyone, what have you guys and gals been up too?
have my money into GETA and CMGR right now
ICTY looks like the group that loaded last month at the .000, we all know who they are, is trying to push it down after they sold on the run. Hold your shares going higher.
IDGI - GONNA SUPRISE MANY - SLEEPER OF THE YEAR GONNA WAKE UP SOON!
IMO
FB1
IDGI looks great here Wag. Trending up and about to really go public with news.....
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WDRP, LOW FLOAT, 130 MILLION SHARES RETIRED. NO DILUTION STRONG ACCUMULATION. LOW FLOATER.
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