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I've been quiet for a while but still keep tabs on what's going on. The board has been too quiet and i thought some folks were going to get something started to take this over again. Where is everybody? We managed to take over "OUR' company before with a much larger challenge than now. We need a pep talk like that one from "Blutto" in Animal House. What are we wainting around for? I've put my a** on the line before, anybody game? or we just goin take it in the shorts?
All my most humble opinion.
GVibes
I doubt it was planned. The last time the website did this it was because it was down. Jack forgot to pay the $10 to the web-hosting company. :) IMHO. Go Exobox!
Scott was a former board member and employee of Exobox and may have still held more than 10% of the shares. Do you think he could be a nuetral party?
The stocks were to be "gifted" to Laser and others so the shares could be sold back to the company for onw $1.00 stinking dollar. This is a legal way to get the shares back into the treasurey. If the agreements had been followed and Jack hadn't run off with the company, you would probably singing Praises to Laser and Rat. Alas, we'll never know now. As I said, you kboonw many things but not everything. I truly believe you are a good guy and want nothing more than a fighting chance to see company move forward. As I said before, Laser and Rat have both lost money in this and it doesn't haven't squat do with them owning or selling shares. Their hopes were nothing but honesty and integrity, inspite of what you heard. I wish we could stop being petty with he said/she/said anf focus all this energy and talent in making something happen good with this company. No one is after is Scott personally and I hope he realizes that. I just hope he only got caught up in the web of deciept as did most us widh him no harm. I'm staying positive about the future, I hope we can all do the same..IMO
GTLA,
Gvibes
Cut, you seem to think that Laser and Rat are the only people on this suit. There are many others listed that have lost a lot more money than you or me. There are merits to this case that you may not be aware of, or were you there when all of the actions of the company were made? I admire your loyalty and as I have said before, " The only good lawsuit is one worn by a policeman" If the existing officers of the company didn't do anything, don't worry. Exobox won't go under from this lawsuit..The company has to be named so that a wide enough net is cast to catch the ones that are not directly named. Study "Civil Law" and find out. GM, HP, even Apple are always involved in some kind of Class Action suit. Don't worry about Exobox being sued since the handover, it's everyone else from the past. Jack is not a lawyer and a judge will have to decide if anything illegal happened from looking at the books, if possible. Again, I am with you in hoping all this BS gets over with so we can all make some money. I hope we can stop fighting with each other and let the hand play out.
Of course, all my opinion and lets move forward in positive way.
GVibes
I have been quiet for a while waiting for some major movement or annuouncement to come. Lately it' been the stale old complaints about how Lase and Rat have ruined everything. These 2 gentlemen have done more to bring truth and integretity to Exobox that has been seen in many years. Cut and Ready, I haven't seen or remember anyone trying to go after Scott for anything personal in this lawsuit. I hope he gets his say in the matter and is vindicated. I have known Laser for over 12 years both professeionally and personaly. I can speak very highly of his entegrity and character. Say what you will about him, I know he speaks the truth albeit colorfully sometimes. I have known many things that he has done on shareholders behalf at his own expense and time. I wish Cut and Ready knew the half of it. Rat, I know you have done many ot the same things with only the shareholders at heart. I can say that you both believe that if the shareholders win, we all win. Isn't that the name of the game? We should all be grateful that the company has been wrested from the hands of the people that got the company in the state it's in, even with large influxes of cash. (The lawsuit seeks to find out where it went and why. I am at least optimistic that we finally have a Shareholder's meeting to voice our opinion about where the company can go from here. ( We never had this chance before.) My personal vote will go along with Rat and many others to move forward. Of course this is all my opion and I will end this essay with the optimism and hope that I have seen on the last postings. If we all stick together to control the company in way that works, we'll all be happy.
Another opinionted ranting from long term frustrated shareholder
Good luck to all....
GoodVibrations
Welcome back Mark, glad you are keeping the site up. Like the new hair style!
Cheers
Cigarette man, it could be a temporary listing, this happened before when the company filed an extension, then later went back to OCTBB. I could be mistaken.
That would explain a lot things right now. I wonder if we're on the pink sheets because of the drop in market capitalization, late filing,(even with the recent extension) or the constant bickering :)
Jack, thanks for getting the 10Q filed on time.
I also applaud you on adding board members. One man bands don't usually sound very good. We all hope you are able to make something happen.
Which management team do you like better, Dillon and Skipper?
or Jack and his new board?
Laser and Rat worked their tails off to get the company turned over to new management. It's obvious you don't like Laser and it constantly looks like it's always a personal issue with you. We get it, you don't like Laser. What is it that you hope to achieve by posting this? Raising share price? Just saying everything is wonderful and great is not going to make the stock price go up. It takes real results and Laser and Rat are the ones lately that have achieved any real results. You always say give (whatever management happens to be in charge) a chance. You never gave Laser a chance. You never know, he might have been able to do some good. I know its hard not to be upset about losing money on this, but have YOU made any money with this stock? I know I haven't.
Can you share this proof with the rest of us, Ready? I have discussed this stock with financial consultants and stockbrokers and the first thing they want to see is the "balance sheet" Assets vs. Liabilities, Revenue vs. Expenses, not a blog. If a term sheet for funding was submitted, a lot of us would like to know. No harm in telling now that the offer has been taken off the table.
Why was Floyd Griffith fired? Scott hated him, too, I heard. Kerzner wasn't fired, he quit (the only legitmate "Officer" of the company. Who by the way, came on board way before Laser was ever involved and didn't leave because of Laser. Where are the 8K filings for this? There always seems to be some few on the IHUB that think Laser is soley responsible for all the troubles with Exobox. If only it were that easy to blame one person for everything wrong. We ALL want to see the company succeed, and after a long struggle to change the leadership at Exobox, where are we now? Oh, I forgot, it's Laser's fault there is no coding or funding. I'm not saying this just to defend Laser, I'm just making a point that there are larger issues that need to be worked on that we should be talking about. What is the business plan from here? Is the Kampa deal still alive? Are the liens still being pursued by the "other" people (besides Kampa)? This three ring circus couldn't get any more strange than a Stephen King novel.
Laser,
Sorry to hear about your situation. I know you have tried to do your best for the shareholders and have spent an enormous amount of time and considerable personal expense. I completely bewildered why someone would be fired for wanting to talk funding with the COB/CEO. It did not sound like you were going this alone but there were other consultants involved, so it seems even more confusing.
I hope that you too, stay in touch in case things change. The new CEO is batting 1000, now that Mark Kerzner has left. Jack now has the company all to himself.
Can the CEO fire himself and hire someone that has a clue on how to run a company? What I have seen so far is not very encouraging.
All IMO> GLTA
Jack, CEO
I have some questions that I think everyone would like answered.
1. What IS your compensation? You need to post that with the SEC.
2. Are you going to appoint any new members to the Board and Officers?
3. If consultants that are hired by the company want to discuss funding, why would you fire one/all of them?
4. Are you going to try and keep this company for yourself?
5. Did you forget how you got in this position and who helped you get there?
We came from having a lone COB and no direction. Are we doing the same thing again?
I will be very suprised if you answer any of these questions
Mark, Thank you for your service. I know you have tried to help the company with little or no compensation. I hope you stay in touch in case things change.
Calm Seas,
Patience please. It hasn't been 30 days since the changes in company. I am just as curious as well to see what is going to happen. An extension has been filed for the 10k for now, we have until I believe, Nov. 15th to file the actual 10k. I assume the new CEO is trying to gather the information to file a good report. I just hopes he doesn't wait too long. Expecting the company to answer your questions on this board ain't goin to happen. First it's illegal and would be considered insider trading. Second, companies don't come out and tell everyone their game plan, not even their own employees in many cases. Perhaps if you could get funding and submit a plan, then you would know before the rest of us. Until then, grin and bear it like the rest of us.
Mr Owl,
It's great to hear from you and some encouraging words. As we all know, the stock market rises and falls on Confidence. The past management seems to have lost any confidence from investors, hence no funding. Maybe some of those that were ready to invest now will have the confidence to work with the new management and consultants to move the company forward. GLTA All IMO.
GVibes
All that you say about the past experience with the company has been felt by all the shareholders that have been in for the long haul. You are not alone in your frustrations. I'm past being emotional about this company/stock and can only say that some very honest and decent people have worked their tails off to try and return the company to good standing. I take exception to implications that you are being insulted by some for questioning your motives. I believe everyone here wants to see the stock price go up and the company succeed. Read the past posts of IHUB and its a pretty wild ride. Welcome to the Club!
Exobox has new management with a new Chairman and CEO. The previous management tried and failed for whatever reason. See the 10Q statement below:
From Inception to April 30, 2010, Exobox has accumulated losses of $20,613,470. The ability of Exobox to emerge from the development stage with respect to any planned principal business activity is dependent upon its success in raising additional equity or debt financing and/or attaining profitable operations. Management has plans to seek additional capital. There is no guarantee that Exobox will be able to complete any of the above objectives. These factors raise substantial doubt regarding Exobox's ability to continue as a going concern.
With a new Board and Consultants, Exobox has more of a chance in getting funding than it has in a long time. With the new forces at work for Exobox, things can only get better. Perhaps with some kind of joint venture with Kampa's group, (they have a large million to invest, by the way) the stock can only go higher when a deal is made for funding. This time the money will get spent for coding.
This is from the 10Q from April, 2010. Many people believe that Kampa planned the liens to steal the technology. The lien was for salary owed to him. How do you explain the 2 individuals that have a note for 150k? The total liens are for $340K. As of the 8k that went out for the LOI, Kampa is trying to PAY for the technology. I don't know Kampa or am I trying to defend him, but let's get the facts straight.
In March, 2010, one of holders of the 10% notes loaned an additional $25,000 to the company in exchange for a 10% note with a six month maturity. In addition two individuals loaned the company a total of $150,000 in exchange for 10% notes with a six month maturity. In addition, Mr. Kampa was issued a $44,000 10% note with a six month maturity in exchange for $40,000 of salary and a $4,000 expense owed to him. Mr. Wirtz was issued a $15,000 10% note with a six month maturity in exchange for $15,000 of salary owed to him and a former employee and current consultant was issued a $16,000 10% note with a six month maturity in exchange for $16,000 of salary owed to him. All of these notes are secured by the Company’s technology. Upon payment of the notes, the security interest of the debtor in the technology will be released back to the Company. These notes total $340,000 as of April 30, 2010.
In April, 2010, Mr. Wirtz agreed to release, in his notes totaling $20,000, the security interest in the technology in exchange for an unsecured, interest free note or company stock at some conversion price acceptable to the Company.
In May, 2010, one of the holders of a $30,000 note, agreed to release the security interest in the technology in exchange for an unsecured, interest free note or company stock at some conversion price acceptable to the Company.
The company intends to negotiate with the other holders of the secured notes totaling $290,000 releases of the security interest in the technology in exchange for an unsecured, interest free notes or company stock at some conversion price acceptable to the Company.
If I,m not mistaken, the Kampa deal could still go through if Kampa still wants to. The deal was made with Exobox and not the individual CEO. The last named CEO was Norm Smith and he has been gone for some time. Studdard was acting CEO, I guess. In my opinion, nothing has drastically changed. Is this good? Like CutAbove said, we'll have to wait and see.
AIMO
For what it's worth, many, if not all on this board have questioned how we have come to this level by the people who have run this company in the past and present. I also recall over 100 million shares pledged from shareholders wanting to change the company for the better. I say if Laser is working with present management, we give Laser a chance and let's see what happens. What have we got to lose? Share price? Of course all IMHO. Onward through the fog!
GVibes
Hello Exoland! No posts today? Anyone out there?
"Right actions in the future are the best apologies for bad actions in the past."
Tryon Edwards
Anyone know if the 10Q got filed?
Amen, Jerimiah 23, vs 1-6
Ndebt,
I'm still here, but don't have much to say. I know I didn't make any money on this thing. I'm like you, getting ready to use the loses as a write off. We have a little more time until this thing goes bust. Waitin for a miracle like a lot of people.
Rat, I'm not sure he "left", but was rather just left by the wayside like many others. If the company has nothing to promote, Garfield has no reason to put them on the air. Withered on the vine like so many other things not realized.
All anyone has to do to "Audit" the company is to review the financials right here at http://ih.advfn.com/p.php?pid=financials&symbol=OTCBB%3AEXBX.
Look at the SG&A which is the Selling, General and Admin. at 43,293% of revenue. Then look at the R&D of -1857% of revenue. These figures tell a lot about what is going on with the company. There is much more here to see if you look.
Still here waiting for the Big Bounce!
"A successful lawsuit is one worn by a policeman."
Robert Frost
Does it matter who the CEO is? We can speculate who is calling the shots. There is a plan and there are probably only a few who know or will know what is going to happen.
Strange that over a million shares have traded in last week or so, and now nothing. The calm before the storm? Maybe some wonderful PR on the horizon? I hope it's the latter, but my optimism is in short supply.
I will say that using the stock option plan to pay EMPLOYEES is a good idea that doesn't deplete the treasury stock. My only question is who will get the shares and how will they get them? I would hope it's performance based.
Exobox has had an ovbious major problem for some time, now. The present people (and many people from the past who are still involvled), running the company want to blame the posters and shareholders for their inability to get funding with threats and lawsuits. Not a good way to inspire good will with the shareholders. This is just a blame game. Maybe they should listen and address these concerns. A REAL investor looks at the 10K and assests versus liabilities to decide whether to invest in a company. I know a few that might be interested but the legacy problems continue to hinder interest.
I have seen some very positive things shown up on PR's that sound good lately, but until FUNDING is obtained and all of squabbling stops, and regardless of what's posted on this board, the PPS won't move up much if at all.
I don't think many big investors make a decision on what they read here. They perform their own due diligence to determine the health of the company. If a company has no product, no revenue, and no assests that are viable, it is just a "story stock". I have been in this for the long haul because I believed in the Scott's concept as something that could change the industry. I want this company to succeed. If the present management can make it happen, my hats off to them and they will have my eternal gratitude. I believe we all just want an HONEST effort with some verifiable milestones to show REAL progress. As always, In my humble Opinion.
GO EXOBOX
It looks like the company is trying to make employment attractive to potential prospects. Having a stock option PLAN is a great incentive to join the company and make it succeed. Doesn't everyone have one of these at their company? :) When the stock goes up we all are successful. Oh, yeah, we're going to have profit sharing very soon, too! Go EXOBOX! IMO of course.
Great observation Kube, I was wondering the same things. There is a lot of talk about lawsuits holding down the company and the "consultant", who is supposed to help the company, comes in and sues Exobox for back pay in shares and and "oh, by the way, since you're a little tardy in getting me the shares, I DEMAND more. Where is the outrage over this one? Why isn't this party named? If someone worked for the company and produced tangible results, they SHOULD get paid. Just wondering where is the transparency in this activity?
All in my opinion, and if there is a good reason, I will stand corrected.
Great observation Kube, I was wondering the same things. There is a lot of talk about lawsuits holding down the company and the "consultant", who is supposed to help the company, comes in and sues Exobox for back pay is shares and and "oh, by the way, since you're a little tardy in getting me the shares, I DEMAND more. Why isn't this party named? If someone worked for the company and produced tangible results, they SHOULD
PEACE + LOVE + EXOBOX !
Bubba Says,
No, I have not contacted anyone.
Rat, Bandit, I have made the same argument before. Why not have 5 million shares worth $10 or even $100 per share, than 50 million shares worth 0.006 cents per share? I guess logic and common sense have no place in the world of egos and big shot-ism. It's like a drug addict or alcoholic: "I want what I want and I want it NOW!, and to hell with everything else."