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Is this thing STUCK? Geeze... talk about a SLOW day. Paint dries faster than this is moving today. Fortunately... it climbed back up to .... even for the day so far. Level 2 shows the ask thinning out... 3 asks at .041 then it goes to .075, .09 and so on up to .29
And... so far today.... you can see how UNthrilled the market is to know that there is ONE PERSON on staff.
I think that our rise from the dead to where we are now already has the 150 million returning shares factored into the present SP. I agree, however, that it is and will be important to actually confirm when this happens.
Personally, I have NEVER seen this happen with a company. I have seen a company buy back it's shares on the open market.... but NEVER seen them handed back.
WHEN the company becomes cash flow positive... and in a much healthier financial state.. I HOPE that they will buy back shares from the market. THIS would be an incredibly positive thing for us. Unfortunately... we must crawl before we can even contemplate walking.
I am happy to see that they have re-hired SOMEone to turn the lights on and off... but I think the market might find it a bit disturbing to not see MORE people immediately on board... I mean.. this NR makes it look/sound as if this guy is IT... the ONLY guy there.... which he very well might be. I think it is crucial to have a quick follow up with either Ted or his replacement ASAP... as well as definitive word on how/who will market the products.
I think that when some of the unanswered questions are laid to rest... things will improve drastically, if the answers are good ones.
Some of those questions are:
What will happen to EXBX existing debt.... which is nothing to sneeze at?
Who will be in charge (architect?) of developing existing and new software?
How will products be marketed going forward?
Will we be able to salvage contracts that were made or about to be finalized since the first two products were brought to market?
What kind of income will the O/G wells produce?
How long will it take for EXBX to be self supporting through software sales?
Thoughts on this?
I never questioned the additional $3 milllion in debt, although I can see how the wording leaves some room for misinterpretation.
On the sale... what I don't see you taking into account is the value of the stock "sold" or used to "buy" the wells. If I understand it correctly.... the entire transaction might be zero cash and all stock... or, there could, in the end, be several different options that might include some cash... Nonetheless.... if you figure out what the SP would be for value received, I think you'll find that EXBX is doing quite well. For example... the break points on the options....
The main note of $11,630.00 is convertible if/when the SP reaches .47. Clearly, this is the bulk of the deal... and just as clearly... the O/G guys EXPECT this to be a good deal. SO... IF the SP can climb up to .47 and above.. we ALL make out.
The one thing I take issue with in your post... is EXBX "paying" X$ for the wells. They are actually most likely trading shares for the wells...(since some of the deal is either cash or warrants)... Roughly 35 million shares total exposure... and all of this AFTER getting back 150 million shares.. SO, an arguement could be made that they are getting PAID to take the wells... since this deal Nets EXBX some 115 million shares.
Correct me if I'm wrong... but the 22 million is NOT revenues... it's a formulated value of the O/G wells. We have yet to see what kind of annual income the wells will produce. I'm guessing maybe a couple of million a year in a good oil/gas market. I never thought I'd WANT the price of oil and gas to go up... but, at this point I might not mind so much.
If I recall correctly... the 150 million shares are due to be returned on or before.... the 29th? of this month...
I can just imagine what the necessary forces must be to pry even just one share out of the grasp of some of those who are being made to return these shares... Gives me just the slightest bit of joy to contemplate that!
I would certainly think this would be likely, however... I think that there were at least SOME... who were let go that were/are considering legal action against the company... so... they might not be all that interested in going back to work there. I believe that some of them were most likely not paid for some of the time they were there... dunno, but that is what I believe I read somewhere.
Clearly the market is waiting for some news as to how this company will proceed. We are all thrilled that there now is an income source... And that there are (will be) 150 million fewer shares out there being traded.... BUT, and it is a HUGE "BUT".... we all need to know now... exactly HOW will EXBX v3.0 proceed? How/who will be selling our 2 present offerings... and how will we deal with further software development?
The market wants NAMES.... and histories of these people....to feel confident that this can happen.
We will need updates on the status of so called "channel partners".... What happened to those we already had? Are they still on board? Can we salvage previously pending contracts?
I know it was a whirlwind event.... putting together the O/G deal... but we really need that same level of effort to put this thing back together.
OK.... ennybuddy want to look in their crystal ball and let us know what to expect for today?
Since I'm almost NEVER right.... I'll take a stab at it just for giggles...
I think we'll more or less spin sideways today with a possibility of ending the day very slightly higher than we closed yesterday.
Let the trading day begin.... and bring us some really good news so that my prediction ends up being waaay low!
Looks like I should have done what the rest of you appear to have done.... take a NAP!
Got 5 mms lined up to sell between .0605 and .065
Been watching this all day... and it's very interesting to see NITE mess with everyone's heads.
Uh oh... ARCA has joined the fray.... Asking .0625 same as NITE. Think Dildo or Worthless unstuck their sell button for a minute?
Personally... I'm hoping for a finish at or close to .07 End of day usually manages to get some excitement.
Yeah.... .12 by EOD.... just not the end of THIS "D".
I prefer to imagine them "mashing" that "sell button" for all they're worth (so to speak) and not a THING happening....
Trying to convince people to "see" what? I have NO IDEA what you are trying to say. Just noticed that this poster is... um... rather prolific...on MANY different boards... Think it's a good sign to see the "fluffers" show up?
I think you're WRONG... but I hope you aren't! I'd rather see .07 or .08 today... followed by more news and upward movement through the week... which is what I DO expect.
VERY busy first hour.... and now.. nap time. Looks like the market is guardedly optimistic about the future of the "box". Clearly a lot of buying this morning... but now that things have settled down... it would seem that more information is needed...
Like.. the WHO and HOW will we be selling our existing software....
What happened to the monthly severance expenses we were carrying?
And... Exactly how will we be moving forward now that we actually have some money?
I remember hearing that on the day the doors were closed.... there was supposedly a LARGE contract that was in the process of being signed... but wasn't accepted, because management knew that the doors were going to be shut... Anybody running back over there to renew that "almost" contract?
Hopefully these AND other questions will be answered in a timely manner. This SHOULD also help the SP appreciate.
Guess we'll have to see what this afternoon has to offer... STILL looking for a good finish... .07 or more.. I HOPE!
Over 5.8 MILLION shares traded in the first hour.... Very interesting to see the mms mess with this one... ARCA bidding .062 and asking .19 Looks like they want to accumulate....
NITE bouncing all over the place... seems they just want to keep EVERYONE else off balance. Wonder what would happen if NITE just took a nap for an hour or so!
A little more than 1/2 hr till the open. A LOT of interest here to see how this EXBX trading day will unfold... Most of us are expecting it to be quite positive.... That being said... the market does what it wants. And THIS stock in particular RARELY does what any of us expect. So... guess we should all firmly attach our swivel chair seat belts.... and prepare for... WHATever.
If they wanted a shell for their O/G interests they could have EASILY found a MUCH cheaper shell. Clearly they are interested in the company for the software. We should see a LOT of info on how they plan on proceeding soon.
First off, obviously the O/G guys are in no way to be considered "fledgling". Secondly..they OBVIOUSLY think the software will sell and make us all a lot of money. The terms of the deal make this clear. 150 million LESS shares issued and a revenue generating O/G subsidiary puts EXBX in far better shape than it's EVER been. THAT's what you're missing.
I feel your pain. I lost more than I thought I even had in the dotcom bust. Even had to sell my house. My position in Exbx is really all I have to invest. Looks like I MIGHT have a chance to get it all back.
The AMEX or other exchange listing would still require a much higher SP than I think we'll see for quite a while unless they do a reverse split.
I have to agree with that being the normal state of affairs... Go up on anticipation of good
News and take a dump when the news is released. I am hoping that this time... Things will
Be different. 1/3 of the shares returned AND O/G assets/Revenue SHOULD be big enough news to
Push us up at LEAST a couple of cents..... But Ill believe it when I see it!
I can only imagine what a ride you very early investors have had. I also hope that many of those shares were cheap!
My belief is that Rumpy is most likely a disgruntled employee.
I also think this company...only now...has its best chance of succeeding.
Monday SHOULD be a huge day in volume AND rising SP.... That being said
NOTHING about this stock acts as expected.
Perhaps they both know some of the same people. As of Friday I own 697,000 shares. And I have a LONG way to go to break even.
My impression is... that the people who put together this deal simply said to the people who are returning the 150 million shares... either you do this or we won't do the deal. Basically... you can keep all your shares and have no deal.... or give up a big chunk...we'll do the deal and you'll still make lots of money... since the company will live and should have a chance to succeed.
I need to see .165 per share to break even. Wonder how long that will take...
Anybody want to take a stab at what closing will be Monday? I never seem to get it right, but I would NOT be surprised to see .10 Monday.... anyone else?
Although those might sound like terms for Sado massochism and other such things... they are the names of market makers.
Got a buy order in for 16000 at .047 think it'll get filled? Never mind.... got antsy and got 15k at .05
anybody got an L2 so we can see NITEs antics?
Interesting to look at your L2. I see that Pert was bidding .046, but ASKING .16 And that NITE is the only barrier between .047 and .05 Looks GOOD!
Clearly it didn't take a LOT of buying pressure to push the trading price up a fair bit. Apparently that pressure has eased off for the moment. I suspect that we might see a little more upwards pressure later today... as anticipation for what is coming next week might make some investors take a gamble and increase their position in anticipation of some really good news.
Then again.... 23% gain (for the MOMENT) is nothing to sneeze at! Hope this keeps up EVERY day for a month!
When this went sub-penny... I considered my investment a total loss. I was NOT a happy camper, however, I was hopeful that something could be done to recoup something.... more than one cent a share. Considering where we were.... under a penny... where we are now... almost .04... and where we seem to be headed... I think things are looking a lot better than they have in a while.
Lawyers get paid for the time they take to get things done. Do NOT expect them to make things happen quickly. I'm afraid that we probably won't see much, if any, activity on this until next week... but as we approach and cross the threshold of time when the deal is supposed to be done... we should see some movement... HOPEFULLY in a positive direction!
I got one thing to say... you can't fool me. Come back to reality. LESS than 10% ownership means that OTHERS own more than 90% of the company. Egads.
Again... the valuation is NOT annual income. I believe it to be income over the life of the wells... which may be decades.
Additionally... We haven't heard ANYthing about what the terms of the 150 million returned shares will be. In a previous iteration it was to include limits as to how many shares could be sold.. but we have yet to learn anything about this newly contemplated deal.
There is no such thing as GUARANTEED income. IF gas/oil prices go up... so will the income. If they go down.... well.. you guessed it. I actually believe it will go up over the life of these wells, but over time.. not immediately.
Also... MY BELIEF is that these wells don't generate enough annual income to support exbx operations at this point. So, I expect them to be used as collateral to obtain what will be needed to keep things going until it does become self supporting.
When I mentioned "selling machine" I meant the sales effort within EXBX... selling the product.... not insiders selling vast quantities of shares.
Another thought I have had recently is about sales. Nobody is still working at exbx... so... what will the plan be for starting the sales machine up again?
Where did Gary Leibowitz go? Well.... I noticed several months ago that he had become associated with a new company in Houston called go-ESI. The following is a brief description of what that company does:
"go-ESI, LLC is focused on introducing IT leaders to enterprise software innovations. We work with both early-stage and more mature enterprise software vendors to provide assistance in either entering new markets or achieving greater penetration in existing markets. Our goal is to achieve this in the most efficient and sustainable way by minimizing the risk while maximizing the chance of success."
Sounds like EXBX might just hire go-ESI to market the product?
Thanks for taking the time to put that all together. I have a couple of comments. First of all... you forgot to factor in the "up to $3 million" in assumed debt in this transaction... which brings it down to a 6.25 million on the plus side. And this is still not really relevant because there was no direct expense in acquiring these wells. Issuing shares is not an expense. Yes, it dilutes the ownership (thankfully not a lot, in this case) Also.... the valuation of the wells is a total value... NOT to be looked at as an annual income. It may take MANY YEARS to get the total 22.5 million in income... so you can't treat this as income for one year.
Still... after the transaction is a done deal... and the "selling machine" for exbx restarts.... I fully expect the SP to be at LEAST .20 a share in the short term.