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Sinclair76,
I do not want battle w/ anyone on this board anymore. I feel that nothing good can come from it. I'll give you facts then I give you my opinion.
Dillon:
-Secured Funding through a lot of private placements (Millions)
-Slung a whole bunch of paper getting the patents filed (We now have patents)
-Avg. PPS .20-.30
-Lavish offices, Huge salaries, Astronomical burn rate
Regan:
-No Funding
-Closed the doors of the company
-Was going to sell the SUEZ Technolgy for 1.2 Million & Liquidate
-All in a very short term as CEO
-Astronomical burn rate
-Avg PPS subpenny
Kampa:
-No Funding
-Investment Opportunity for 5 Million dollars & did not even return the phone call
-Liened on 100% of Exobox's Assets in his own name
-All in a very short term as CEO
-Astronomical burn rate but coming down
-Avg. PPS subpenny
Skipper:
-Knew that Regan was going to liquidate & had no deals, so he made his move w/ the oil wells. Regan had to accept the deal & terms because it was better than liquidating.
-Allowing Exobox to use office space in his building for free
-Allowing Exobox to use his resources in the building for free
-Returned 20 of the 50 million shares
-Working as a consultant
-Increased shareholder PPS value around 20%
My Opinion: Dillon did a lot of good & a lot of bad
Regan did no good & if he liquidated he would have
been the demise of us all
Kampa had an agenda for himself the whole time which
very may be the demise of us all
Skipper stopped Regan from liquidating so we are
still here, & he is seeking ways to take care of the
liens. As far as I can tell, Skipper really has not
done anything wrong by Exobox or shareholders. He
may have a large position but look at what he has
done for Exobox & is still doing. I do not know
what Mr. Skipper intends on doing w/ his shares. My
guess would be to make a whole lot of money. If
Skipper is making money on his shares then we all
should be making money. We all have the same shares
right. After meeting Mr. Skipper I feel that he
has my family/friends interest in mind. My Mom met
him & she feels the same way. But that is just my
opinion. Call him & talk to him........I did
During the month of April,
I was under the impression there were no funding deals on the table, & the assets were lien'ed on. Knowing that, I sold my entire position for the 2nd time and took a loss. I did not want to get caught in another D-Day. I was pissed & vented on this board which did no good for me, the company or anyone else that reads here. I have already stated in previous posts that I was clearly wrong for doing that.
As you know there are two sides to every story & back in April I was under the impression of just Kampa's side of the story. Even though I had a zero share count, my family still has 5 PPM's & 5 Warrants. So, I talk to a few people to find out what is really going on. I have to tell you that I have been enlightened & now I am behind Scott Copeland 100% once again. I have been told there is a plan & there is nothing wrong w/ Exobox that cannot be fixed. I have since been buying back shares slowy to not drive the price up. I am trying to recoup my loss.
As Skipper explained the oil deal to me, I understood his intention was not to fund Exobox w/ their income. IMO, his intention was to give Exobox value as assets. He said "he new some were producing & some were not & that oil/gas does not go w/ Technology" but they gave Exobox a positive asset & his plan was to take Exobox to AMEX. AMEX's #1 concern is asset holdings.
Get Exobox some value = PPS rise = Selling of treasury shares for funding = more PPS rise.
Kampa canned that deal, then did not pursue a funding opprtunity, & liened on the asset's. When I found that out my position has totally changed & now I have aligned myself w/ who I think has my family/friends best intentions in mind......Skipper & Scott
You tell me, which one of the aforementioned plans sounds shifty
Hey JackPC, I think of it as a lesser of two evils. You do know that Regan tried to sell the SUEZ Tech for 1.2 Million prior to Skipper's deal. When the money ran out in 2009, Skipper's deal was the only one on the table. Regan had to go w/ it.
The Above is (Fact!)
Did any investor groups or posters of this board have a deal on the table at the time. I seriously doubt it. Sam Skipper saw his move & he took it. It's called playing Hardball & that is how business is sometimes. When Scott, Reggie, & Mark returned their shares per Sam Skipper. All shareholder's PPS value went up 22%, & when Sam Skipper took his 50 Million share cut that 22% was reduced down to about 18%. He gave back 20 Million so presently shareholder's PPS increase is somewhere around 20%. Thanks being to Skipper because Scott, Reggie, & Mark would not have done it if they were not forced.
Shareholders can also look @ things this way because there is always a flipside to everything. If it wasn't for Skipper I assure you Exobox would have been liquidated by Regan in 2009. So in essence, Skipper gave shareholders another chance.
I personally would be happy w/ someone getting 50 Million shares for: Donating his office building & resources for Exobox, Operate & produce as a consultant, raise my share value 20%, & give me probably the last chance for a return on my family/friends investment.
Poster's on this board are always focusing on the negative. In actuallity killing their own investment. IMO, people need to try to start focusing on the positive. Call Skipper & schedule a personal meeting....I did.
If you noticed I was correct in 3 things & incorrect in 3 things. Batting .500
Correct:
1. I don't think that Sam Skipper who has 30 Million shares will let the company die.
Incorrect: Until he unloads his shares
Correct:
2. I think he is maneuvering behind the scenes trying to figure out how to get the price up
Incorrect: To unload
Correct:
3. Skipper & Studdard are buddies, Studdard is the ranking board member
Incorrect: Griffith has to bend to their will or they will S***can his A$$."
At the time of the quote you posted I knew the assets were liened on & I assumed it was all over. I thought there was nothing left for major shareholder's to do other than unload. I was told there were no deals on the table & its over. I was pissed. I was not aware that Kampa passed up funding deals to lien on the assets then leave expecting Exobox to implode. That was some crooked $@#t that Kampa pulled.
Griffith apparently sunk his own boat as stated in the recent filing.
I said those things as my opinion at the time, then I had the pleasure of meeting Sam Skipper & I got a clearer picture of what was going on. Skipper stepped in to help Scott get the assets back. If the major shareholders wanted unload why go through the trouble to get the liens taken care of & not just put out a nice PR & unload. It became apparent that Skipper wants Exobox to succeed. He explained he has 10 Million shares that are restricted so he cannot sell if he wanted to. The other 20 Million have not been issued yet.
After our meeting it became clear Sam & Scott were the only people that had my family & friend's best interests. There were things discussed that answered a lot of my wrong assumptions/accusations & I apologize to Mr. Skipper if I have posted anything that offended him. As, I said in my post 30249 I was wrong & it is not beneath me to admit it.
Any shareholder who is confused about what is going on, please call Skipper's office or read Scott's blog. There is a lot of speculation & poster's personal spin of things. Do not make investment decisions by anything you read in the forums. It is a soap opera.
And Laser I've known Cut & his family going on 20 years so he is not a new buddy. You could be my buddy though, You live close to us & we could do lunch. I_M_Bandit, CutAbove & The Laser Guy picking each others brain.
I believe the current lawsuits are a major reason why Exobox cannot obtain the D & O Insurance. The others you mentioned: given the high risk, with no money in the bank compound the issue but are not the sole reason. I think if Exobox can settle the current lawsuits they then can get the D & O insurance.
I am not saying that anyone signing on right now would be responsible for predecessor wrongdoing. It's just that whoever signs on now better be able to perform or they may be looking at a lawsuit. Anybody can sue anyone for anything at any time. A reasonable, honest person w/ common sense would look at the issues at hand w/ Exobox & see that it does not have D & O Insurance & will go look for jobs elsewhere.
I was not attacking your character, from the looks of your qualifications you would have a lot to lose. I do not understand your reasoning why you would put yourself in that situation. Even if you did right by the company & shareholders there is still no protection for you. It would take everything you had just to defend yourself. Even if you did nothing wrong.
I question your common sense for a board seat w/o D&O Insurance thats all. IMO, they will be putting together an advisory board. If you are serious & your heart is w/ Exobox you might want to look into that one as well.
No I understood clearly, but I had to make sure. I was just seeing where you stood on lawsuits. I take it that you will have the same resolve when the depositions start soon. Exobox needs board members w/ common sense, putting yourself directly in a position to get sued as soon as you sign on does not make sense. You do not have my vote for proxy or board seat.
So you are not afraid of being unprotected while on a board w/o insurance?
If you are really serious about a board seat & by long shot given the chance to sit. Would you take it now or wait until the Lawsuits are settled so Exobox can get insurance.
It is just a simple question you can answer: Now / Wait
If you answer with Now, please explain your reasoning.
If you answer with Wait, no need to explain.
Agreed, then maybe there will be negotiations while Kampa reserves his penthouse at The Gray Bar Hotel.
In that respect, the liens may be negotiated.
There was no insider information disseminated due to the fact it was an unofficial meeting among Exobox shareholders. All of the presentations, topics discussed, & documents were cleared through Exobox legal. The meeting was RSVP from the link posted here & all shareholder's had the opportunity to RSVP w/ a fair chance to attend. Due to the venue being small, the first RSVP's in Scott's Email box were accepted.
To give you an example of the fairness:
CutAbove is a friend of Scott's & he was told the meeting is already booked full. CutAbove did not attend.
Scott told me there was an extremely large RSVP return that he could not accomodate. A 2nd meeting was being planned, but instead I think they will have the official shareholder meeting. It's going to be a doozy.
I do not think anyone knew that their assets had been liened on by Kampa until after the meeting the other day. I think a lot of people are finding it hard to believe, but it definitely is true. Skipper & Scott stated it will also come out in the filing for everyone to see.
I think the initiative was to oust Studdard & get a new board & open the books. The only problem is noone will sign on without Exobox having D & O Insurance. The lawsuits have to get taken care of first so Exobox can get the D & O Insurance.
As far as going after Kampa, I think Exobox is already working on it. Their first step was to let all the shareholders know what has taken place in regards to what Kampa did. IMO, Kampa needs to give up the lien & forgive his back salary owed that he used to put his name on the lien. He did Exobox dirty.
They did not have copies to distribute, but Skipper stated that the attendance could make copies of the documents they brought. I do not think anyone left the meeting to make copies though
It was produced at Scott & Skipper's meeting.
The sour grapes part was probably Kampa's underlying agenda to take the assets would have been crushed if he pursued the funding deal. Scott & Skipper produced evidence via hard copy & called the bank in New York to verify.
Muskrat & Harvey, You guys have a great question. I for one am curious like George. Unfortunately, I do not have the answer to it & I do not think it will get accurately answered in this forum. I think a good thing for all shareholders is to compile lists of questions to take to the official shareholder meeting for the Q & A part. We all need to get behind Skipper & Scott for now & quit killing our own investments, me included.
I do not know when this meeting will occur, but I have heard there will be one soon. All directors, officers & consultants will be there.
But did Kampa tell the shareholders he did not call back a 5 million dollar funding deal & lien on the assets, then blame legacy issues for his innability to obtain funding during his term. I think he might have left that part out.
I appreciate it to, maybe other people will follow your lead & give the company a month or 2 to see what happens.
If had insider information I really do not believe my family or myself would be at a loss of nearly 250K total.
You are right on a lot of points,
Dillon made the bad decision to have the SAAS developed instead of SUEZ. The SAAS did not pan out as money makers as planned so the SUEZ coding never happened. The SAAS income was supposed to pay for the SUEZ coding.
Dillon did misapropriate a lot of funds (e.g. lavish office, huge salaries, etc.) on a positive note he slung so much paper regarding the patents you have to give him credit. We have three patents now w/ 20 pending. I am by no means defending Dillon, I am just agreeing w/ you & stating what he did.
I do not understand why you want to give Kampa credit for being a good businessman. He had an opportunity to fund Exobox for 5 million dollars & never even called the people back. That amount of money would have payed for all the coding. He took his back salary owed to him from Exobox & collateralized 100% of yours & my assets w/ it. Kampa = Bankrupt Exobox & take the tech.....not a good businessman for me. As a matter of fact I am pretty F@#$ing Pissed at that. I can't understand why more people are not.
If you noticed I said Kampa is not coming back. Kampa liened on the assets & moved on. That is why I suggested shareholders to be careful. I did not say buy or sell, but instead issued a warning.
W/O assets Exobox is nothing. To me it looked like the only thing left for major shareholders to do was liquidate. I was clearly wrong & I say so. I was wrong in the fact that Skipper was not positioning to liquidate, he was positioning to block Kampa. I have met Skipper & I am fully aware of the situation. Scott & Skipper have my complete & total backing. Dillon does not work for Exobox anymore so I am neither with or against him. I concern myself w/ the players of present.
SWEET,
Scott is a friend w/ a lot of people on this board including a moderator & myself.
Yes I did sell all of my position. I sold 3.25 million in Oct./09 w/ a nice profit, then I got it all back & sold it all again & was pissed cuz I took a loss. Yeah I vented & yes I knew then about the liens on the assets. I was under the impression as a bunch of people were that the company was going bankrupt & Kampa was getting the Tech. It just turns out that a few people stepped in & are not going to allow Kampa to get away w/ his plan. I was mis-informed at the time & I admit that I was very wrong to post negatively. You are right & it is not beneath me to say so.
I had the pleasure of meeting a few people involved w/ Exobox to give me a clearer picture of what was happening. I asked them what could I do to help. Since then I have re-upped my position for the 3rd time significantly. Like you said back on board again.
For what it is worth there is a plan,
File the Q & K
Take care of the law suits
Obtain D & O Insurance
Hire a brand new board
Hire an advisory board
Take care of the liens
Pursue funding
Scott & his personal blog will be up soon
An official shareholders meeting will be coming soon
The questions you asked would be a good thing to ask on his blog. I believe you will get genuine more detailed answers than what I can provide, plus I do not want say anything that is not correct.
I know every shareholder is upset, myself & my family which about 250K our money invested is right there w/ everyone. I am all for shareholders speaking up & voicing their concerns. What I do not want to see is anyone get in trouble for it.
I have heard that Exobox will have an official shareholder meeting soon. Everyone involved w / Exobox will be there.
I do not think that Scott's intent in stating that returning his car or stating his finances are poverished was an atempt to lay a poor me story down on the attendance. I think Scott's true intentions were to let shareholder's know they are not alone in their grief & that he in good conscience could not live in the lap while everyone is at a loss.
I know for a fact Scott has no car. The big guy checking names at the door of the meeting is Scott's friend. He is the one that gets Scott to & from.
I just got off of the phone w/ Scott about 30 min ago. He said he has written 3 pages already for his blog. He will have the link up for his blog soon so everyone can hear it from the horse's mouth regarding past, present, & future Exobox. Everyone will be able to speak their mind & get answered.
Thx wabbit for taking the time digging through the financials. That would eat up a lot of my PS3 time.
$199,794.64 apparently is the number
From what Captain Puff & SWEET Cupcake w/ wannagomaui concurring
800K vs. $199,794.64
My estimate they are off about 600K
Keep em coming guys/girls, I will knock it out of the park
People never cease to amaze me on this board,
Let me tell you what I believe, There was no prior approval from the SEC to solicit for votes. If someone is going to solicite proxy votes you have get forms approved by the SEC first.
Let's see, not to long ago there was a solicitation going on this very board. Did anyone check to see if it had been approved by the SEC. I don't think so. If it was approved did anyone get copies of the forms w/ the SEC approval or did they just take someone's word for it. I seem to remember a running tally posted on this board w/ aliases next to the shares pledged. Woops they really know who you are now.
I know what shareholder's rights are, I know shareholders can vote by proxy idiot. What is illegal is not being approved to do it. There are 12 violations & counting. Where is the guy that spearheaded this event. I haven't seen him posting on here lately. Hmmmmm
I know Scott's mother & brother are invested so that shows just how much you really know. You don't
Oh & what would I need a lawyer for I didn't pledge my shares on a non-approved solicitation of proxy & neither did my family. You may want to look into one though.
Let's hope so.
Read carefully sweet cupcake,
Obviously you are ignorant & don't get it. First of all, I am not Scott's accountant nor do I know how many shares he has sold or how much he has made. Supposedly you were at the meeting, Skipper & Scott gave their contact numbers out. Ask him yourself.
Second, My family has 5 PPM's & 5 Warrants. So do not tell me what the PPM's were suppose do be for, I know. Take it up w/ Dillon.
Third, Kampa is the guy trying to steal your assets. You do not know about his plan & Kampa is not going to come out & say Hey shareholders, I am going to lien on your assets & when your company implodes I will be waiting to collect them. Then what I will do is start up my own company & it will be a private one. Hope your stock is OK when I'm done suckers.
You better hope the liens are taken care of on or before September because if they are not. You can take your stock & wipe your ass w/ it. Kampa has an agenda & it does not include any Exobox shareholder. Wake Up
If you are a sharholder & I think you are then Scott is on your side.
If you are a shareholder involved in an illegal shareholder action against the company which is severely impeding any kind of forward progress for the company then Scott is not on your side.
If Scott was waiting for Exobox to implode so he could go to work for Kampa to code your assets that you are no longer invested in....then Scott is not on your side.
You see the money you invested is w/ Exobox. Scott is w/ Exobox. Scott's friends & family are w/ Exobox.
Scott is the key individual to oversee the coding & that it gets done properly. He is the one that created it. Who will oversee the coding if it isn't Scott, you. You are severly mis-informed or just plain stupid to not think that Scott & that technology are not attached at the hip.
Looks to me that you are another one that pledged & followed the Pied Piper over a cliff.
Your property & my property has been liened on by Kampa. If the loan defaults then Kampa aquires our property. It will no longer be our property it will be his because we (Exobox) defaulted on a loan & he gets our stuff.
I never said Kampa is going to take Exobox private. Kampa wants Exobox to implode & we as shareholders implode with it. Kampa wants to start a completely & totally different entity with his newly aquired assets. We get no part of the new entity because the assets are his from loan default.
By reading your post, I think you misunderstood me. Exobox will not turn back into a private company. It will be no more than just a F@#$%ed Up shell when the assets are gone.
Kampa's plan was to take the assets & start up a new entity w/ a clean slate. Insert the asset's into the new entity & it would be a private company.
Noone would be bought out, but rather left w/ stock from a F@#$%ed Up shell worth nothing.
Spoken like a true Kampa supporter.
I bet you are one of the people who pledged their votes following a Pied Piper right over a cliff. Maybe, you deposited money in said Pied Piper's Bank of America Acct. to hire an attorney for the shareholders. That money now may be going to that person's defense attorney. I feel sorry.
By the way I have told noone how to spend their cash, EVER. WTF! are you talking about. Your ignorance is comical.
I'm starting Monday
We are in agreement in not liking the assets being liened on.
You stated:
Fact 1 - Exobox is in debt to the tune of over $3 million.
True, but a large portion of the debt is due to loans & back salary. 3 Lawsuits are for loans & back salary. I believe Ernst, Liebowitz, & Goodman have the suits. Skipper & Scott stated that 2 of the lawsuits are almost finalized through negotiation & will be dropped. That leaves 1 lawsuit which would be Goodman. 2 of the lawsuits dropped will knock the debt way down, Skipper & Scott told me it will be less than 1/2 of the figure you stated above.
You stated:
Fact 2 - Exobox only has one asset, the patent.
False, there are 3 SUEZ Patents w/ about 20 Pending, Also the SAAS was liened on. 100% of the assets is not "the patent"
Kampa liened on 100% of Exobox's assets & did not pursue a 5 Million Dollar funding opportunity in exchange for 30% of the company. He did not re-up his contract & left expecting the company to implode. If it does then guess who gets your assets.
That is a fact & there is proof to substantiate it
The issue w/ the one board member is that w/ the lawsuits Exobox cannot get D & O insurance which fsgeek stated is director & officer insurance. It protects D's & O's from lawsuits. Noone will sign on right now because they will be open for lawsuit. Take care of the lawsuits get the insurance & you will have your new board.
Scott & Skipper stated that Kampa liened on the assets using his back salary owed to him. When Exobox received the money from the loan, Kampa payed himself w/ a large portion of it then left w/ his name still attached to the assets. Kampa is the one surely not pissing & moaning about that sweet a$$ deal. There is also proof to substantiate this.
You stated:
IMO... The loan was not made with the intent to steal the technology. The loan was made with the intent to protect an incredibly risky investment.
It is apparent that the whole deal is shifty, profoundly questionable in legality, & most certainly not in the best interest of shareholders. Not to protect a risky investment but to steal the technology.
I will let you know what the plan was. Kampa liened on the assets & left in hopes Exobox would implode. Implosion occurs & Exobox defaults on the loans. Kampa receives 100% of yours & my assets. Kampa starts up a new company w/ a new name but keeps the company private. Noone would be able to follow the technology or invest due to the company being private. This new company will have a clean slate & will have funding upon it's inception. The technology will be coded, products will hit the market & be profitable. Kampa will then take this company public & have an IPO on a major exchange. Estimated PPS would be in the dollars. The holdings everyone has in Exobox will be worth ZERO $0.00 forever.
That is no conspiracy theory
If you have stock in Exobox this is what you are looking at. I suggest you get behind the very few people who are working there ass's off to prevent this. Pissing & Moaning on this board will not do the situation any good, because folks believe it or not its coming.
Come Monday morning,
I will be buying by the truckload, How is that for P'ing. Lol....but I am serious, the stock is cheaper than what I paid in 2003.
Thank you for the info., I was not sure if it was DNO or D & O.
By the way, I get the impression you are a tech geek by some of your posts. I think Mozy-Rama is one of the IT God's on the board also. Any input regarding tech from you guys is much appreciated.
I do not see anyone new coming to the board whether they are hired or the shareholders have the vote. The reason is there are three lawsuits that are hindering Exobox to get the DNO Insurance. I think it is called DNO Insurance, anyway way w/o that it will be hard to find someone because they will be open for a lawsuit as soon as they sign on. All that was mentioned at the meeting.
I am all for the good of the company. If shareholders want to do the solicitation by proxy they have every right. It is my understanding that proper procedure has not been followed, & some people may get in trouble: serve time, fine, stock froze, etc.
If you are saying that the funding deal was killed by someone w/ a large position because they did not want to do a reverse split that is the first I have heard of anything like that. Maybe Kampa told you that, everyone knows that you talk to him. I do not think any of the names you mentioned are on the liens except for Kampa.
Let me ask you this, why would the powers that be (alleged by you) can a deal for Kampa, then allow him to lien on the assets w/ his name, only to fight tooth & nail to get the asset liens taken care of so no shareholder gets robbed of the very thing that gives the company any value. Does not make any sense
Well done on nailing 30,000, I had my eye on it.
They had a document showing where a funding opportunity was not pursued by Kampa. I believe the contact was a bank in New York that represented interested investors.
Yes there was evidence in the form of a hard copy document. Scott & Skipper stated when the contact was called, that the contact verified noone spoke w/ them regarding an investment deal.
I was also told that all presentations, documents & topics discussed in the meeting were approved by legal counsel for Exobox.