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Absolutely SUEZ, We need the funding on the ricky tick. I hope Mr Kampa can get more shares returned ASAP. IMO, if/when that happens we will have funding immediately thereafter. I said 1 MONTH but it may be like 4-6 Weeks. IMO of course.
Its funny you said that cuz that happened to me on many occasions
The oil & gas deal was the last hail mary when Regan was CEO. It turned out the O/G wells were way over-hyped & way over-valued. EXBX was over a barrel & basically took what they could get. The O/G wells did give new life to EXBX but it turned out the income they produced was not even enough to pay the interest on their debt, also a technology/oil company is confusing to investors.
It was a very good thing that Mr. Kampa was able to get out of the O/G deal & get 20 Million shares returned. Sam Skipper really did a number on EXBX as he still holds 30 Million shares.
Dillon the CEO before Regan did a lot of good w/ the legal paperwork, patents, etc. Dillon was all about Dillon though, he was maneuvering grey areas to line his pockets and was setting himself up off of EXBX & everyone elses dime. He was forced into resignation. He holds about 20 Million shares.
EXBX has investors running its life support as of current, but I am not to clear on the details. IMO, EXBX has about a MONTH to live. If EXBX does not get funding it will close its doors.
IMO, the 30 Million shares is way more than an appeasement. It will be part of the thing that takes the jelly out of all of our donuts. Skipper needs to be reduced like Scott, Reggie, & Marc.
Dillon included.....he is the other part.
I am on the fence about Rumple,
So basically, Sam S has done nothing for EXBX but lie about the value of the wells that turned into an anchor & negotiate a fat deal for himself. If doing that saved EXBX then so be it. Now that EXBX is afloat, IMO his equity position may turn into an anchor. 20 Million shares returned is not enough. He needs to return about 25 Million more. Scott, Reggie, & Marc did. Scott & Reggie returned about 60 Million a piece.
Oh yeah, Dillon being another one, he needs to return about 15 million shares.
IMO, these guys for sure do not deserve that many shares. I am afraid that they will drag the company down, like an anchor from the US Navy's USS Enterprise.
Does anyone know why Sam Skipper has such a large equity position? 30 million shares down from 50 million. What has he done, or better yet what does he do now that benefits EXBX to justify 30 MILLION shares. All thoughts on this are welcome pos/neg & Rumple especially.
I am not doing it personnaly, my family is. The restrictions on their warrants X 5 just expired & they want to have access to their shares. They did not know they had to pay a fee to have the restrictions taken off. EXBX did not inform them of a fee.
I will definitely let my family know about the blanket opinion letter. They purchased their warrants when EXBX dropped the warrant option down to .06 The restrictions on the warrants just expired.
Just curious, are you a ppm holder.
I bought 1% of EXBX in 2003, everyone of my shares were restricted I believe for a year. I did not have an opinion letter when my restrictions were lifted.
Thx for the info.
Thx, standard practice is fine.
A little heads up on having to pay an opinion fee to get the restrictions removed would have been nice before the warrants were purchased. My family has five warrants they need the restrictions removed. None of them were told about the attorney fee.
Excercise Your Warrants,
If you have a warrant option that has satisfied its restriction term. You would think that you would be able to deposit your shares into your account.
If you think this you are very mistaken. There is an attorney that goes by the name of Pritchard that wants a $350.00 OPINION FEE(LOL) to have your restriction removed so your shares can be deposited. This attorney was referred by EXBX. EXBX did not inform that when you bought the warrant option that you had to pay an OPINION FEE(LOL, AGAIN) to have the restriction removed.
Nothing pisses me off more than paying for something only to find out down the road that there is more hidden fees and red tape that you were not informed of.
Has anybody else that bought there warrant option ran into this BS. EXBX SHOULD PICK UP THE TAB ON THIS CRAP DEAL.
Very Interesting Post.....Thx Ucant
Mozy another scary way that data can be leaked is by an employee that was hired on by company X, when in fact the employee really works for company Y. This employee's true employer pays them to infiltrate a competing company & bring back sensitive data. Dirty corporate espionage mole stuff.
I am pretty sure EXBX screens themselves.
A few days ago I posted that Scottrade was not allowing online buys & that you had to go through a broker. Today it seems you could buy online w/o a going through a broker. Really not sure what was going on these past few days.
I have to say I do not hold high value on UR foresight at all. The post's are all over the place & contradictory. IMO, UR is good sport for people on this board to call BS on & correct.
Key Words from The Laser:
DISRUPTIVE, EXECUTE, GUARANTEE
Hey Laser my read on Kampa is that he is holding quads w/ an ace kicker.
I think their falling out went back to the Acola days.
Thx, just a big inconvenience
Interesting to find out Scottrade has pulled EXBX from online purchases only. You have to call & go through a broker, but the fee is the same as if you did it yourself online. ?????????????
Scott & Reggie could not have dumped cuz they could only sell so many shares per quarter. They were restricted, but I see your point....they could of maxed out their sells per quarter which they did not.
Order of distributing the company’s assets:
There is a hierarchy that determines the order in which a company’s assets must be distributed in a liquidation. This is strictly enforced by the Courts.
1. Any secured creditors have the first right to the assets and are usually paid out before there is a distribution.
After this is paid out, any remaining debts are paid in the following order of priority:
2. The costs, charges and expenses involved in the liquidation
all wages and salaries payable to employees, including holiday pay
3. Unsecured creditors
4. Any interest that is attached to any debt (but only if the debt became due before the liquidation process began)
5. Any debt owed to shareholders of the company, such as dividends or profits
As you can see the shareholder's are on the bottom rung of the hierarchy. Which means if law suit is won in favor of the shareholders it is quite possible EXBX would go belly up again.
Shareholders would get the floor scraps, IMO not worth the trouble of filing suit. IMO it is good to just sit tight & be patient to see if EXBX makes it. If EXBX does not & files for BK you would get the same floor scraps as you would filing suit & winning, you just would not be killing EXBX's chance of making it. IMO, LAWSUIT WOULD NOT BE BENEFICIAL TO ANY SHAREHOLDER...YOU WOULD BE SHOOTING YOURSELF.
I think the video is being edited, to reduce the time & filler. Should be out soon.
Funding is absolutely top priority.
EXBX has assembled what appears to be a great team & it sounds like the strategies are set. Mr. Kampa did not explain where or when they will get funding but did seem very confident. As LaserGuy mentioned Mr. Kampa looked like he wanted to spill the beans & he also stated maybe he could disclose the info. with a twist but Wirtz & Sam V.R. issued a be quiet warning. IMO something is definitely in the pipeline.
Also, Mr. Kampa stated he will be as transparent as he can on the EXBX website. The reason is that official PR releases are costly and he does not want to go that route unless the PR is significant.
Hopefully everyone gets reassuring, tansparent news on the EXBX website & hopefully we get funding and not another 10/1/2009.
3-4 Months Tic Tok.........
The meeting was very positive.
Mr. Kampa explained EXBX needs 12,000,000:
5-6 Mil for OSR coding
2-3 Mil for marketing
5-6 Mil operating capital
-He stated everyone is basically working for free & hoping that they will get paid soon. My guess their payroll tab is increasing.
-He stated he has been w/ several turn around companies from the brink of bankrupcy & has sold them off for hundreds of millions. Not that he plans to sell off EXBX, but to get its worth up to the Mils-Bils.
-He stated they are getting rid of the oil & gas wells but IMO they are worth more than 22.5 MIL, No current interested buyers but as soon as there are the o/g assetts are sold.
-He is not looking to dilute the company any futher, in fact he is seeking avenues to increase the company's stock treasury.
-IMO Mr. Kampa is a very nice, down to earth guy. He flew into Houston on his dime just for coffee & cookies, lol.
-The AV patent is pending, and he would not state when it will be finalized. My guess is a few months.
Scott explained the technology on the whiteboard:
-Any non tech savy people should be able to follow.
-I saw his whiteboard presentation 7 years ago & this recent one is by far leaps & bounds better. He does need to work on his geometric shapes though, lol.
-They have established the reconnection w/ OSR. OSR is ready, they just need the money then the coding begins.
-When the video comes out, Scott will explain a lot about OSR relationship, why he does not want government money, etc.
-The video will explain a lot & save me a whole lot of typing.
-I think the video will be edited to remove tedious filler but it will be out soon.
Sam Van Ryder demo'd the ExoDetect/ExoWatch:
-They are engaged in connetions w/ the channel partner program.
-I do not think EXBX currently has any customers, and he explained EXBX needs to get a foundation of stability then engage customers. Common sense tells most people not to subscribe to a company that won't be around next month. EXBX is building their foundation.
Q/A session follows with a lot of good info. Again the video will show this and save me a lot of typing. I am just putting up the high points that struck me.
IMO opinion no overly impressive stuff other than the patent going through in the near future. That will probably be the next PR. A meet & greet w/ a lot of reassurance handed out. I feel very comfortable w/ my investment.
I need to correct my post #25825. No modules have been coded yet, my apologies. I am off for cookies.
Ucant or Mr. Owl
Your financial expertise is needed,
Let's just say for instance EXBX does acquire the funding. Insert the number 12,000,000. My question is, if they release a PR stating they have acuired the 12Mil, what will this do number wise on paper. I am assuming that it gets factored in to the company as soon as the PR is released, and the outstanding debt is balanced, also showing OSR is payed in full to complete all modules of coding. With that said & with the current customer sales, HOW WILL IT EFFECT THE PPS. I know its hard to say w/o the actual concrete numbers but factor in the 12 Mil & ball park it if you could.
Thx I_M_Bandit
Thx Kurupt915,
IMO good things really look like they will happen, now more than ever. I've been invested 7 years & finally it looks as though the EXBX wheels are not spinning anymore & actually rolling.
Happy New Year to you & yours
I_M_Bandit
Ucant,
I have to tell you I am very pleased to see that you have a little more clarity on behind the scenes goings on. It's almost hard to believe that your posts are by the same person. Total 180. There are very few people that have scene what you have scene. I am glad you are a true believer now. CutAbove and myself tried to get this board positive a while back & gave up. But you my friend did it, a force to be reckoned with. My hat is off to you.
Cheers & Happy New Year
I_M_Bandit
Mozy it is possible what you say is true. My info. is dated about 3 months ago (I need to update for sure). If they bypass module 2 & 4 to go straight w/ the AV that would be awesome. I was just under the impression the coding would go in sequential order. I'll do some DD & get back. All of course IMO.
Happy Holidays
Bandit
Absolutley not in any way saying they cannot raise the capital to complete all 5 modules. Questions by some were raised as to why the AV has not been started. The way I understand it is the coding outline will go in sequential order as I described w/ the aproximate 8,000,000 to complete it & the aproximate time frame to complete it.
I think Kampa has a fire under his A$$ to get the job done. IMO, I think he will succeed.
Did not mean to scare you, have Happy Holidays & to all on this board.
Bandit
There are five modules in the OSR coding outline:
Module 1 DLP/DLD
Module 2 Data Stick
Module 3 Disaster Recovery
Module 4 Unified Console
Module 5 Anti-Virus
So far module 1 has been coded & recoded, it will take 8,000,000 to get through module five. You will not see module five until 2,3,4 are coded, alpha/beta-tested, debugged, then packaged & shrink wrapped. It takes several months to code each module w/ several months of testing in between. And lots And lots of money.
Then after 8,000,000 and all modules completed they will still need to spend millions upon millions to market the product.
Hey Ucant, prepare to be dazzled by Scott's whiteboard presentation. I saw it many years ago. It is quite impressive.
If you are not tech savy, all will be explained to where you can understand. If you are then its all good anyway.
Cheers
See you for cookies & coffee Rocket, Doodle, & Cut
AMEX list requirements:
Regular Financial Guidelines
-Pre-Tax Income of 750k for most recent yr. or 2 out of the most recent 3 yrs.
-Market Value Public Float of 3 Mil
-Stockholder's equity 4 Mil
-A Min. initial bid price of $3.00
Alternate Financial Guidelines
-Market Value Public Float of 15 Mil
-Stockholder's Equity of 4 Mil
-3yr. Operating History
-A min initial bid price of $3.00
AMEX is the most lenient on list requirements compared to NASDAQ or NYSE. Also AMEX is making great efforts to get more tech stocks to list on their exchange. Let's hope EXBX will eventually be one of them.
I cannot post documents, statements of assett holdings, current clients, potential clients, potential investors for funding, details of the business/marketing plan. I do not hold a position at EXBX, and even if I had access to post hard evidence to back up my claim, I would not do it for legality issues. I have been involved w/ EXBX since before it was a company, since before the core technology was finished, since before the patents. I had the opportunity to invest in 2002.
I am not a pumper, I just have a very, very, very, positive & optimistic outlook for my investment. Everything I post is IMO.
If someone posts that EXBX is a scam they need to clarify, otherwise they need to phrase it EXBX is a scam IMO.
Yes, big news is coming a plenty. There is more than meets the eye. IMO, EXBX is on the 1 yard line & about to start a major drive to the AMEX & then (TOUCHDOWN).
I agree that Dillon flagrantly misappropriated funds & that Wirtz went along with him. As I said I am not defending these guys at all, personally I hope they burn. The clarification I need is for the new mgmt. If Kampa is a straight shooter & his actions back up his words I do not see this being a scam. Wirtz being in the picture, however, throws my sight of things askew. There are lots of bookkeepers out there, why Wirtz. How does Wirtz make the new mgmt. a scam. Not Dillon's regime......Kampa's regime. Its fishy but I do not know if I can say it is a scam. Just seeking clarification on current mgmt. & Wirtz
In the U.S. it is often illegal for a CEO to concurrently work as a CFO. So how was Regan doing it.
I have heard that Wirtz was hired back because they needed a CFO right away. Not sure for how long though. You are correct with the red flag.........definitely will be bird-doggin that one.
I have researched Acola, & have found Dillon, Wirtz, Evans were involved but have not seen Kampa. It looks like everything Dillon gets involved with turns to a giant dung pile. Why any company, startup or otherwise, would hire this guy is beyond me. Dillon is clueless as how to run a company, my 14yo son has better sense & vision than him.
I am not defending Wirtz by any means, but maybe he went a long for job security. If he did notify raping of the cofers to the shareholders he might of gotten terminated, or IMO he was in on it. Either way is very unethical and there is an uncomfortably warm place waiting for them.
I believe you are right about a connection between Acola, Dillon & EXBX, but I don't think its w/ Kampa. The preceding IMO.
A CEO’s responsibilities: everything, especially in a startup. The CEO is responsible for the success or failure of the company. Operations, marketing, strategy, financing, creation of company culture, human resources, hiring, firing, compliance with safety regulations, sales, PR, etc.—it all falls on the CEO’s shoulders.
So being that Wirtz is back makes EXBX a scam. What did Wirtz actually do to scam EXBX other than go along w/ his CEO. I was under the impression that the CFO had to answer to the CEO, or am I mistaken that the CFO can override the CEO's decision of where, when, & how to spend the money. Now if Dillon was back, a really big red flag would start flying high for everyone.
EXBX now has all brand new mgmt. except for Wirtz. I am not sure if Wirtz will be there temporarily because they needed a CFO right away or if he will be their long term. How does Wirtz make the current mgmt. team a scam?