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Posted by: ucantfoolmee Date: Thursday, October 22, 2009 12:41:00 PM
In reply to: fsmith1952 who wrote msg# 24363 Post # of 24427
No selling machine left! For the company to return 150 MILLION SHARES Scott and Regie had to have given up a substantial amount of shares, along with others. ASSUMING Scott and Regie give up 60 million shares each they will only be left with approximately 15 million each. They can only sell 1% per quarter and that is only 3 million and in a year they would have nothing left. I think the selling is done for now, I hope at least.
If Kevin is smart he will also PR about the AV etc...
Even with the $3 million current debt added they will have 6.25 million rev and that is .02 cents per share at 20x will be .40 cents a share along with some PR about AV and sales on DLP / DLD and we could very easily see .60 or more.
The way I understand it is that since these are PROVEN wells they will value it as it is a guaranteed income today. Now that income could change over time for the better or worse and that should be taken into account over time (PPS will fluctuate as the company puts out financial's).
Pessimistic would be .30 a share
Optimistic would be .60 a share
"The Assets were purchased for $13.25 million, which includes (1) the assumption of existing debt of approximately $3 million, (2) a 5-year, 7.5% convertible note in the amount of $1.5 million and convertible into common stock at $.21 per share, (3) 1,163,000 shares of newly designated Series E Convertible Preferred Stock with a stated value of $11,630,000, which is convertible into common stock at $0.477 per share and pays cumulative annual dividends of 7.5%, and (4) 3,000,000 shares of restricted common stock. On a fully-converted basis, the shares issuable upon conversion of the convertible note and the convertible preferred stock, along with the restricted common stock, would represent 34,500,000 shares of common stock, or approximately 9.9% of the total common shares outstanding, after giving effect to (i) the shares issuable pursuant to the Purchase and Sale Agreement on a fully-converted basis, and (ii) the 150 million shares being returned to the company by certain shareholders as previously announced on October 16, 2009."
Thanks Brick, GREAT NEWS!
To answer your question from yesterday, YES the investor will control the company!
"As part of the consummation of the purchase of the Assets, Messrs. Scott Copeland, Richard Evans and Kevin Regan have resigned from the board of directors
of the Company. Mr. Michael Studdard will remain on the board and has been appointed interim-Chairman of the Board and interim-Chief Executive Officer. Furthermore, Mr. Kevin Regan has resigned as President and Chief Executive Officer and interim-Chief Financial Officer of the Company."
NITE Is trying to hold it down but DOMS and HDSN keep smacking NITE out of the way, I hate NITE.
.05 in print, we may go through the .05's quickly and get to .06 today.
THEY HOLD MORE SHARES THAN ANYONE ELSE DOES, they own the company.
And from the looks of that last PR, I do not believe it is Kevin putting out the PR's anymore, JMO but I am willing to say the new investor is already running the show.
Well think about this also. The oil company will now control EXBX as they will have approximately 30 million shares and hold more shares than anyone else. What if they were to than put some personal money or more revenues from other wells they own into EXBX. This could go much higher than even I think it can.
Do not let my wife read that, she might tell you where I am so she does not have to, lol.
No selling machine left! For the company to return 150 MILLION SHARES Scott and Regie had to have given up a substantial amount of shares, along with others. ASSUMING Scott and Regie give up 60 million shares each they will only be left with approximately 15 million each. They can only sell 1% per quarter and that is only 3 million and in a year they would have nothing left. I think the selling is done for now, I hope at least.
If Kevin is smart he will also PR about the AV etc...
Even with the $3 million current debt added they will have 6.25 million rev and that is .02 cents per share at 20x will be .40 cents a share along with some PR about AV and sales on DLP / DLD and we could very easily see .60 or more.
The way I understand it is that since these are PROVEN wells they will value it as it is a guaranteed income today. Now that income could change over time for the better or worse and that should be taken into account over time (PPS will fluctuate as the company puts out financial's).
Pessimistic would be .30 a share
Optimistic would be .60 a share
Well based off of what I can tell EXBX PPS should be .60 or more, be stable and hear is why.
As per the PR on October 14,2009:
http://finance.yahoo.com/news/Exobox-Announces-It-has-prnews-3455396333.html?x=0&.v=1
HOUSTON, Oct. 14 /PRNewswire/ -- Today Exobox Technologies Corp. (OTC Bulletin Board: EXBX - News; 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.
"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.
So if EXBX is purchasing the Oil Reserves for $13.25 million dollars and they are a "PROVEN" reserve (which means they are already up and running, genertaing revenue), they are retiring 150 million shares which will leave 308 million shares.
13.25 Million purchase - 22.5 million revenue = 9.25 million left
9.25 million in revenue / 308 million shares = .03 PPS
Software companies trade at about 20 x so that = .60 cents a share.
This is not a guarantee either way (it could be more or less depending on the reserves over time).
Pessimistic would be .30 a share
Optimistic would be .60 a share
If at any point in your life you prayed oil fell to new lows, now is the time to reverse and start praying oil goes to $200 a barrel, lol.
Also the investor(s) will be given shares that are restricted for 6 months. So the day this deal is done they will be issued stocks, preferreds, class A, B, C whatever and will not be able to do a thing for 6 months. The current news we are curtailing operations could very well have been a way to get the PPS down so investors with the 6 month restricted shares could buy some cheap to have available. It would not be illegal as Kevin said he had no money and was curtailing operations but also said he was looking into other things.
FWIW, that is the PPS range I come up with.
The average Software company trades 22.6 PE with EPS of 1.69
The avereage O/G has a PE Ratio of 22.5 with a EPS of 1.76
You have to look at both cause no one is sure what they will use because the REV EXBX is getting is from O/G and not the software.
However they are both very similar.
22.5 Million financing EXBX is getting
308 million in the O/S (most are restricted, the rest are held tight)EXBX will have.
http://www.investopedia.com/terms/p/price-earningsratio.asp
All the MM's were lined up at .06 and some idiot put in a market sale
EXBX is going to go to .06 quickly today. Looks like it is going to open at .06 actually.
Exactly and since EXBX has always been known as a no pump / no fluff company I bet those numbers were VERY conservative.
" THERE IS NO SHARES..... Somebody is covering. How high this will go depends on how deep of a hole the clearing house
is in."
I agree 100%, the company put out bad news and the shorts came in for an attack. EXBX did an about face and gets financing and now the shorts need to cover. This is going way up.
Just out of curiosity how do you know how much the wells are producing in revenue? IMO the #'s they put out could be lowered already, maybe they release much higher numbers in the future :)
That's right EXOBOX has a huge investor base and everyone knows this is a GREAT investment.
WOW, look at that Stock Tweety is talking about EXBX!
http://www.stocktweety.com/
4 hours ago | otcjunky
EXBX is screaming after last PR. Check Chart!
That's right follow the "OIL GUY". I am sure someone like that with DEEP pockets is not investing in EXBX for nothing ;)
L2 update:
.04's are real thin right now. If we can get to .05 we will be their for a short time and .06's will come quickly and we will see some resistance. Once through the .06's we will go to teens. This is all dependent upon Monday or Tuesday follow through of the funding. We also need more buying pressure.
Thanks Islandbound, that's great news!
Actually the financing is for 9.9% which is roughly for 50 million shares (so they gave back a lot more than required) and that is approximately .30 cents a share for the financing :)
Ewww that's gross, got any pictures?
Well L2 shows .03's are almost gone but than the .04's are stacked. looks like we will finish in the .04's, hopefully.
Don't forget looks like 1 also :)
Well B had the sex done in Mexico at a Veterinarians office that specializes in Donkey's, might explain the outcome.
ROTFLMAO
Something just is not right with all of this. The PPS should be .08 to .10 by now with the volume.
JMO but someone is selling a lot of shares. The wall in the .03's is considerable and not going away anytime soon. IMO Dilldo, Wirtzless, Clueless Copeland or not so good Goodman are selling. Every time the company puts out news one of the brilliant idiots currently / formerly with the company dumps and kills us, just don't know why.
WOW that girl on the right with the bunny ears is really kind of cute!
I am waiting for the announcement on the race car next and the Dubai partners, lol
Actually since that sex change operation you had done, your DD's are kind of nice you know.
lol, looks like T kicked him out again and he has been sleeping on the beach, he looks like a well done raisin
I thought the doctor gave him a prescription for penicillin to clear that up, lol
Whats up girls? Wheres my $D?
Hey Bud,
No more stress :)
EXBX shuttle just launched :)
lwest,
To answer your question, yes I think it will, my wife also, lol.
JMO but I think it is going to go back over .10, A lot of shares are still restricted until December, many of the PP are holding tight and not selling. Really this stock has a very small float and could easily go back over .10 +
I know some penny stocks that were .0003 and ran to .05 with 3 BILLION shares, EXBX still has the potential to fly.