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Hey Laser,
GVibes here. Can you contact me by phone? I lost your contact information.
I understand what you're saying. My question is "What do YOU want?"
You know the old saying, "when you lay with dogs you get fleas". Maybe something else is afoot, but we may never know. Perhaps he was turned to the "Dark Side". Whatever is going on, it doesn't look good for this federal suit, never thought it did as they have to prove that all of us did something illegal, immoral, planed, and did something wrong to stop this deal. We followed the rule of law and decency. Filling a law suit doesn't seem to be any of these things. That's what the legal system is for. Scare tactics all the way. They are holding on to something they don't want to come to light in my opinion. Subterfuge and confusion seems to be their tactic. They hope we go away or quit. Well, I not quitting. I think they think they are too smart by half and we are just a bunch of rubes that don't know better. I think they have underestimated the resolve of the shareholders. Shaun (or someone) hired Takos even though he was not a legal CEO and has no authority to represent Exobox shareholders as he was not legally voted in as CEO and has not followed the SEC rules to have a vote making him CEO. Unfortunately the legal system can allow people to make outrageous claims until they are proved wrong.,
AIMO
GVibes
They have been given the opportunity on many occasions and in many different ways to walk away from all of this hand over the company so a realvote for a board can take place. Call it arrogance or ignorance, either way something keeps them thinking they will win and we'll all go away. The Fed suit just made more people po'd and now want to see justice. I think there is just so much crap trying to be hidden that they will go to any length to hang on. It's going to bite them in the rear either way. We haven't surrendered yet and I'm not about to.
AIMO
GVibes
These guys are fighting too hard too hard just to keep the company. For them to spend all of this time and money to keep fighting makes one believe that there is got to be something going on. Then they try and go after the SH's seems in a desperate attempt to make us go away. What are they hiding or don't want to get out in the public? Oh what a tangled web we weave! The SH's have done nothing wrong in trying to get to the bottom of this mess. I can't wait until all of this silly stuff gets brought up in court. I think they feel they are too smart by half. So far, they haven't impressed me or many other SH's. This is OUR company, not theirs. We are going to keep it that way! I'm done with my soapbox.
We will prevail!
GVIBES.
AIMOH
It stinks on Ice!
Who is Greed Petersen?
also, what is Patrick Johnson's role in this mess? Should we subpoena them to find out the real details of this deal.
If anyone thought Hand didn't have a "hand" in this doesn't know what's going on. I'm sure there are others that are knee deep in this mess and looking for a way out. I don't know how may laws have been broken, most seem to be at the federal level.
AIMO.
GVibes
Rat, along with Zack and Laser, you keep us motivated knowing that you will not quit. You 3 are an inspiration to us all. Thanks for keeping up the fight.
GVibes
yes, these are my opinions. I don't have any inside information about this stuff. I'm just going off of what their history has shown and the way they act. Thanks for the reply.
AIMO
GVibes
Jehu has folded his tent to wait for another day. They will try and wait this thing this out until the share holders give up.Shaun is probably relaxing in Arruba with Jehu far from the reach of the federal marshalls. The game is to get every one guessing so we can't develop a plan. The problem is that regardless if Shaun resigned, it doesnt excuse his or Jacks prior conduct. They are playing a waiting game and hope this all goes away. Let's change everything about exobox so on one can figure out what is the next move. Unfortunalty for them, it doesnt Get them off the hook. If they don't show up in court or file the correct paperwork with the SEC. Shreholder will win be default. I'm sure they have something up their sleeve to try and keep control through subterfuge and slick methods. Bottom line is they will probable have to somehow turnit over to a receivership to have the vote. Of course they will say they dont have the money to conduct a vote, but they can sure spend money in trying to serve shareholder and pay for lawyers and court costs. Be ready for anything these guys might try to pull.
Just becausemShaun Irvine may hva resigned doesn't mean he stills isn't responsible foe what has happened. Sound like jehu is playing 3card monty to confuse the courts . This
is hi modus operandi. Keep everyone looking over her but don't see what's really happening it's a shame tht he plays all thes game when if he did thing on theup anup, he might be somebody other hiding and living a life looking over his shoulder.(his word from his own website). Instant Karma has a way of catching up in the most unexpected ways. This is no threat but the universe can work in the most unusual way. This will hold true for all trying to do bad things to innocent people. Selling your soul to make money can be a heavy price to pay.
Hear endeth the lesson.
Namaste.
GVIBES
I haven't been dazzled with brilliance or baffled with BS. I suppose the shareholders should just crawl away with our tails tucked away and disappear. They can sure talk a good game, though. I'm sure we'll hear some more excellent legal advice (scare tatics) in how we are just a bunch of ingnorant rubes.
AIMO
Probably more delays and obfuscation. I know, the information was kept on a private server and the files that damage exobox have been deleted. They will release it after their lawyers review it and determine what should be released. He, it's working for the Clintons
Prove that they spent any money defending anything. What did the have to defend? And how much?
The CBG merger was voted against years ago. This thing started again after Jack turned the company over to Shaun. Maybe it was thought we would all forget about it and jump for joy that the shareholders could make a few pennies. Good or bad, a vote was taken and it didn't pass. The only thing I can think of (In my opinion) is that the people in control of exobox is they are fighting to keep the company so a similar deal can be made when all the dust settles. The main question is do they have a business model to make it work honestly and for the shareholders? You have been so involved with this stock and company why haven't you come out and let people know all of your wonderful words of wisdom previously? We hear a lot of scare tactics but noreal solutions. It's a lot of he said and the real truth is out there. It'll all come out in the wash. Win, lose or draw, it's still a big mess for a penny stock.
GLTA AIMO
Your assumption is that the deal should have gone through and then shareholders would be able to find relief after the deal was done. Questions were asked to Shaun about the deal but the answers given were vague or went unanswered. Once the genie was of the bottle, it could never been put back. The new CEO was appointed by only who knows. No votes according to sec rules followed to show how he was appointed and with what authority. This is not a prviate company where the owner can do as they please. You say 10000's of dollars are needed to have a vote. Where did the company find the money to file lawsuits and pay servers to subpoena shareholders that were only trying to find out information from the company, which wouldn't diclose anything. There has been a lot of hyperbole about how great this deal would have been to shareholders but without any real assurances. Yes, we would still have shares in Exobox but if the company is de-listed, we may just use them for wallpaper. Some people stood to make a lot of money but it wasn't Exobox or the shareholders. A TX judge put a restraining order to block this deal for shareholders. This was not some nefarious scheme to disrupt commerce as the federal suit claims. This was done through the legal system and not some conspiracy. Exobox had the opportunity to present to the court at that time this was a good deal but apparently they couldn't present their case convincingly and the court didn't see it that way.
They only thing shareholders wanted was to be able have information honestly presented and and an option to vote on it.
AIMO
Let me get this straight. The un-elected CEO supposedly "buys" a new unauthorized series D stock that magically give him a majority of the shares in the company. Now that he is the majority shareholder, he votes and approves a reverse merger that will give some unknown people a new company and a big pile of money. The exobox shareholders get some pocket change and exobox is no more. They want to sue shareholders? Good luck with that.
In the discovery phase
1. Who is paying for the lawsuit in Nevada against the sharedholders?
2. Who else is involved in this for exobox if Shaun Irvine is the only officer of the company?
3. If they win the lawsuit (which they won't), what parties receive the settlement?
4. Will exobox pay court costs when it loses?
5. Who and what was in the contract of the reverse merger and who received what?
When and if this lawsuit ever gets to trial, the discovery phase for the shareholders will reveal all of these secrets and many more. This looks like shareholder intimidation tactics to scare the shareholders and a very risky move for the company to take if they are hiding something. Discovery phase is a powerful process for plaintiffs to get ALL the information they need to defend themselves.
AIMO
GVibes
The 8k also had this to say:
Item 3.02. Unregistered Sales of Equity Securities.
Effective upon the filing of the amendment to the Articles of Incorporation set forth in Item 5.03, the Company accepted the conversion by Mr. Shaun Irvine, the executive officer and director, of his 5,000 shares of Series D Convertible Preferred Stock according to their terms into 500,000,000 shares of common stock. Upon the conversion of all 5,000 outstanding shares of Series D Convertible Preferred Stock into common stock, the Series D Convertible Preferred Stock, which was authorized by the Certificate of Designation filed on January 20, 2014, shall cease to be authorized.
500,000,000 shares for 50K? Pretty good deal! I'll take 2!
The conversion was exempt from registration under Securities Act Section 3(a)(9) as an exchange of securities of the issuer without the payment of additional consideration.
WTF?
I wonder of the SEC gave approval to the change in the by-laws? I didn't get my ballot, did any of you? Was the CEO or Board of Directors elected by any of you? This is not a trick question. The following are the rules.
How to amend articles of incorporation
Posted on June 30, 2010 by Hector M. de Leon Jr. • Posted in Commercial Law • Tagged corporation •
After its incorporation, a corporation may wish to make changes to its articles of incorporation. These changes may include, for example, a change in the corporate name, a change in the principal place of business of the corporation, or a change in the number of directors.
The major steps for making changes to the articles of incorporation are:
1. The board of directors approves the amendments in a meeting called for the purpose;
2. The stockholders approve the amendments in a meeting called for the purpose (or in cases allowed by law, by giving their written assent to the amendment);
3. The SEC approves the amendment.
Let’s discuss each of these steps:
1. Approval by the board of directors
Under the Corporation Code, an amendment of the articles of incorporation must be approved by a majority of the board of directors in a meeting called for the purpose (sec. 16). A higher vote requirement may be required in the articles of incorporation/by-laws or pursuant to provisions of special laws.
2. [i]Approval by the stockholders
Under the Corporation Code, an amendment of the articles of incorporation requires the vote or written assent of the stockholders representing at least 2/3 of the outstanding capital stock (sec. 16). A higher vote requirement may also be required in the articles of incorporation/by-laws or pursuant to provisions of special laws.
The Corporation Code provides that the stockholders may approve by “written assent”, meaning that such vote need not be taken at a stockholders’ meeting. In certain cases, the Corporation Code requires a meeting of the stockholders for the approval of an amendment, such as when the amendment consists of extending or shortening the corporate term (sec. 37) or increasing or decreasing the authorized capital stock (sec. 38).
The articles of incorporation is deemed a contract between the corporation and its stockholders. Thus, the Corporation Code provides that holders of non-voting shares will nevertheless be entitled to vote on any proposal to amend the articles of incorporation (sec. 16).
3. Approval by the SEC
The following documents must be submitted to the SEC for the amendment of the articles of incorporation:
(a) the Amended Articles of Incorporation (where changes to the articles are underscored);
(b) a Directors’ Certificate, which is a notarized document signed by the Corporate Secretary and a majority of the directors. The Directors’ Certificate certifies the amendment of the Articles of Incorporation and indicates, among others, the amended provisions, the vote of the directors and the stockholders, and the date and place of the meetings. The SEC requires that the tax identification number of the signatories must be indicated below their names.
Depending on the nature of the provisions amended, the corporation may also need to submit other documents to the SEC. For example, if there is a change in the corporate name, the corporation must also submit a name verification slip. Similarly, there are special documentary requirements for an increase or decrease of authorized capital stock, or the reclassification, declassification or conversion of shares.
The SEC will not allow the amendment of the articles if, among others, the amendment will be contrary to law or is not for a “legitimate purpose” (sec. 16; see sec. 17).
When the SEC is satisfied that the amendment should be allowed, the SEC will issue a certificate indicating its approval. Under the Corporation Code, the amendment shall take effect upon approval by the SEC or from the date of filing with the SEC if not acted upon within 6 months from the date of filing for a cause not attributable to the corporation (sec. 16).
Interesting item concerning an 8k filing on 12/5/2014.
I don't remember voting on this, do any of you? I didn't realize we had 3 Billion shares. More to come.
GVibes
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On November 25, 2014, the Company filed a previously approved amendment to its Articles of Incorporation. The amendment was approved by the Board of Directors and by the majority shareholder acting by consent action pursuant to the Nevada General Corporation Law. The amendments are as follows: the number of authorized common stock was increased from 500 million to 3,000,000,000 shares; the par value was reduced from $.001 to $.00001 per share; the previously authorized but unissued Series A, B and C Convertible Preferred Stock was deleted; and the Series D Convertible Preferred Stock was also deleted effective upon the conversion of all 5,000 outstanding shares. (See Item 3.02 above) The par value of the common and preferred stock was reduced since the common stock is currently trading below par value.
The increase in authorized common stock and the elimination of the specifically authorized Series A-D of preferred stock was to simplify the Company ’ s capital structure. The Articles of Incorporation authorized the issuance of up to 10 million shares of preferred stock, with such preferences and limitations as may be determined by the Board of Directors. That provision was unchanged in the amendment, but since the Series A-D Convertible Preferred Stock was eliminated, the full 10 million shares are available for issuance. The Company has no present plans to authorize the issuance of any of the preferred stock.
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/ Shaun Irvine
Shaun Irvine, Chief Executive Officer
Dated: December 5, 2014
EXBX, what have YOU done? I know these "people" are doing a lot work for the shareholders benefit. You might disagree, but you can always sell your shares anytime.
The first rule in stocks is don't let emotions or "feelings" sway you. Secondly, if someone does know about a court case, they can't talk about it until it's settled (insider trading). When that happens, we'll all know. What it it exactly you need to know? If you have followed the posts here, it's pretty obivious what's going on. Go to the court and watch the proceedings first hand. That way you can do due diligence yourself.
You also have the freedom not to read anyone's post. It sounds like you have an axe to grind. Your opinions are always welcome, but let's not make it personal. If you have a complaint about posts being deleted there are ways to make your complaints known through proper channels. I am not aware of which posts you are referring to, but you aren't the only one to have posts deleted. If you have godd reason why the posts shouldn't be deleted, as a moderator, let me know and I'll look into it.
Evil flourishes when good men do nothing. You/we are doing something.. That should tell you a lot about us that we won't sit by and let things fall apart. You are not alone. We have integrity and morals that will carry us through the day. I can sleep ar night and don't have to look over my shoulder wondering if anyone finds out the truth about what really happened. It's very simple -the truth is the truth no matter what type of spin is put out there. All of the manipulations and clever posturing can't hide the truth. I believe we will win this fight because we have the law, truth and persistence on our side. WE ain't quitin!
IMHO
GVibes
I kind of miss notsomuch to give me someone to show how wrong and idiotic the argument has been for the great deal we had. Anybody game?
"The waiting is the hardest part"-Tom Petty
Thanks for the vote of confidence. I know that we have wanted to have some members on the bod that aren't in it for themselves that will look out for everyone. I have not realy considered it before, but if the shareholders decide, I would consider it an honor. I know the other mods are like me and want to see the company succeed. There may be others that might bring more to the table then myself. I know the other mods have impeccable integrity and would do great. We'll see if and when we get the chance we get to make our own destiny. Of course Zach and Laser HAVE to be in who without their passion and hard work, none of this could even be possible.
Glta
GVibes
Welcome zstrata and mac40. I know you both have been on this board a long time. I'm glad you both are now moderators and we can have some integrity in monitoring the board. Contact any of us other mods if you need anything.
GVibes
It looks like Quantitative Easing for the officers of the company. Another "stimulus package" for some 1%r's. Where is my entitlement?
Imo
Glad to have either one of you! IH admin will let you know soon. It might allow both of you but I think the limit is 5 moderators.
If a shareholder will volunteer to be moderator, there is a limit of I think 5 moderators. This will prevent anyone else from being a moderator.
IMO
The ihub is not the way to officially ask shareholders about company business. This an Unofficial blog. Do you think asking people on the board (who may not even own any shares) would really be the way to get input? A shareholders meeting is the only legal action to use.
So if I read this right, exbx could be bought back from exbx management. That's a great deal for shareholders. We can give this bunch more money to get the company back. Did you read this notsomuch? Are you convinced this is good for shareholders, or just you and a selected few?
I think the board has been hiJacked. Lots of private messages trying to make insinuations. Yes Not so much, I think just fine for myself. Tell me who "they" are that you refer to.
Yes, it is a share company with shareholders that have not had the right to vote on the CEO, Board, or the reverse split.
There may 2 companies after the RM, but there has been no promise of EXBX being traded on the exchange. There will still be a Company called Exobox and you can keep your stock certificates, you just won't have them listed to trade. You could use them for wallpaper because you can't trade them otc or pink sheets. The effort to get Exobox back on the exchange would be very difficult if not impossible after the deal. So what you say is partially true, but the critical details have been left out or not explained well enough in the filing that cover this little detail.
In my opinion
GVibes
See post #42455
Which moderator deleted the opening pages where the pictures of CBG and the lawsuit was? I know I didn't. Any ideas notsomuch?
To be a moderator, there was a link to press "become a moderator". That link is gone, so the list may be full.