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believe those comments of getting advice from shareholders was made to shareholders.... OMG--- that post was deleted?
asking for input???
on a deal like that?
this type of reverse merger..
is done, maybe once a year..
usually, someone who is harmed, sues
once they are harmed...
seldom, does someone take it all on
themselves to sue upfront to stop
a transaction because someone else
may make a buck
I do not know what 'bought back' means, but when I read it I read it the same way you did. sooooo I guess the short answer would be 'yes' That has been public knowledge all along. The lawsuit stopped it, and that option is no longer available per the 8-K's. It appeared to me that current Exobox management wanted, at that time, and would of asked for input from its shareholders.
as far as I know, everything that was going to happen was out there publically.
I stand corrected from my past post
they do not have any investments in
a packing plant or bottling plant??
who owns this
well, there must be a theory behind that wonderment....
how about letting the board know how that theory developed?
can the board be informed please,
I know I would like to know?
all in my humble opinion
This is the summary of events as I see it:
1. This public company was flat broke and did not
have a business
2. The patents were ideas. They were not worth
anything because it was not practical to
develop. The return on investment of
developing the ideas was uncertain
3. A lot of people lost money and were frustrated
4. The company was deep in debt
so:
The company had no real bargaining ability with any
real company to do a merger of any type with, at
least a company or idea that would have the ability
to make enough money to pay its expenses and bring it
out of sub-penny land and provide shareholder's a
opportunity to have value
therefore:
The company balance sheet had to be cleaned up as
best as it could first, so as to give the company
the ability to bargain with a profitable business
which could bring value to the shareholders. This
was difficult and took time and patience.
What people have to remember here is, that is company
is a share company and is an investment.
All in my most humble opinion.
I see one of the moderators post above, someone must have some information that they are not sharing with the board in order
to come to a conclusion like that and be able to make a statement like that.
How about sharing that information with the board? I would
imagine everyone would like to see their information.
All in my most humble opinion.
Each time this company has had something going for it, there has been a complaint filed against it in court. Why is this?
I can hardly wait to see the steady stream of increasingly profitable 10 Q's coming out. This company appears to be on the up and up and it really does not matter what the stock price today because if this analysis is correct, each succeeding report will be better than the last...!!!! ALWAYS GOOD NEWS BUILT IN !!!!
Wow what a winner..
This subject has been discussed previously on
this board:
"Never, ever lie to a judge" either in
front of him or through an affidavit...
a persons ultimate credibility is at stake
Also, in reviewing their financials, their sales went down, but after reading it appears quite a bit of investment was made in new processing plant and packing process. This cost them in the short term. Their sales went down, appears to be part of a well laid plan to advance their product into continental United States market. I do not know what the capacity of their new plant is, but I am looking for it.......
Anybody care to comment?
please elaborate on "do not understand much"
what are you referring to please
In reviewing their financials for year ended 12/31/13, they have a notable and significant increase in percentage gross profit margin plus reduced packing and real operating expenses. My personal opinion is it will be a consistent "gainer" for the next several years...
but might be a target to be bought out at a very large premium....
this is all in my opinion
I think that was the way it was first explained on this very board. However, there was a email that was "apparently" sent
to the CEO of Exobox that said, in part:
16. In addition to his online threats, Tsambis emailed Exobox’s CEO directly and said, “But know there is a die-hard group of large shareholders who I believe would rather see this ship sink then [sic] to see someone else make off with any of the leftover goods . . .
My question is: how does the above email to the CEO create or advance any value for current Exobox shareholders?
I do not know anything else except what is in the complaint.
All I know is what I read and there appears to be two sides to
this story, and if the email is valid then is appears to show the real intent of one side...
IHMO of course....
Perhaps what you did not understand, the way I understand it, is that there were to be two (2) companies after the deal went through.
In answer to:
What type of moron would lower the authorized as part of a RS?
Could it be that someone was attempting to work for current shareholder value and yet get the Box back on its feet?
and this one too.
20. Currently, Exobox only knows these other alleged Exobox shareholders by their iHub screen names (including, but not limited to, NoModerator, TheLaserGuy, AskMrOwl, muskratcuzzin, exoman, bigdaddy2009, PRU, Alphavol, lakebound, beninsac, astrosfan, ag28882, sosjtb, Kwayne, Bubba Says, mac40, the_kube, highstakes, etc.). Exobox will amend this Complaint to add these additional alleged shareholders as parties to this lawsuit as their true identities become known through and during the course of discovery.
well, I found this in the text :
In early 2014, Exobox announced publicly via a Form 8-K Current Report that it was going to acquire a majority of the equity interests in Cherubim Builders Group, LLC (“CBG”) from PDX Partners, Inc. (“PDX”) (the “Share Exchange”). At its most basic level, under the Case 2:14-cv-00501-JAD-VCF Document 1 Filed 04/03/14 Page 1 of 8 Share Exchange, Exobox would have acquired CBG—a highly profitable construction company—and would also have raised significant and much-needed funds. CBG, in turn, would be able to immediately go public while Exobox reorganized into a new publicly-traded company. At the same time, the shareholders of Exobox would maintain their shares in Exobox’s interests through the new public company and would also be given shares of the emergent, publicly-traded CBG company.
do not know about the price per share would be, but
using the previous numbers as an template the numbers
would of worked out something like this:
BEFORE:
2000 shares Exobox value .003 = 6.00
AFTER DEAL (ownership in two companies)
1 share in new company value and --- ?????
with 60,250,000 outstanding AND
2,000 shares in reconfigured
exobox with 500,000,000
authorized --- ?????
This is all in my humble opinion.
Every shareholder would of profited from the deal, everybody that owned stock... I think and in my opinion, here is why:
Every Exobox shareholder would of got stock in the company
equivalent to 1/2000th of the shares they currently owned in
Exobox. This is what I got from reading the first 8-K.
Yes they - the construction company would of made money on the deal, but all Exobox shareholders would of got stock which could be sold on the open market for $$$ plus a cleaned up company that was fully reporting and ready to do another deal too!
Before a transaction like what was agreed to is put together, besides all the time and energy, I imagine there had to be Certified Audits of the construction company done so they could prove worth and value plus a ton of legal fees. That must of cost a lot of money to someone to get it that far, don't you think so!
All in my humble opinion of course.
I can not understand why you are attacking me?
I just posted facts here on the board.
hi believe the facts that were posted are public
I do not think I ask questions, I believe what I posted was factual and ask the board if they were true or not?
what say you?
What was wrong with a broke company retaining anywhere from 27% to 33% of the authorized stock and doing a merger with another company or bringing in new technology?
Wasn't there a post on this Board that a normal reverse split would be about 1 for 100 or a 93% dilution of stock ownership, when in reality the adjusted proposed reverse split on the 2010 proxy was only about 29% dilution or about 6 times better deal?
I think the Skipper/Copeland proposed reverse split left about 12% of the company in the hands of shareholders which was about 1/3 of the reverse split on the proxy... Isn't that true?
Didn't I read that the CEO voluntarily reduced his pay after the patents were sold? So that salary rate was for the first 5 months or so, is not that right?
was it not a fact that Box shareholders would still have a company with same shares as they currently had? That company would of been up to date on all filings and almost debt free? The only thing about the merger was that all box s/h's would of got stock we could of sold ...??? Wasn't that a dividend of about $500k upwards? What was wrong with that?
was it not a fact that Box shareholders would still have a company with same shares as they currently had? the only thing about the merger was that all box s/h's would of got stock we could of sold ...??? Wasn't that a dividend of about $500k upwards?
Gee guy, wasn't research done in 5 minutes and found that the reverse split would raise the stock price and wasn't that research posted on this board?
Gee I read before on the web site that the reason the Kampa deal did not go through was because Kampa did not have funding. Is that not true?
so, why do you think that the merger candidate backed out?
look at their SEC filigns
Well, I hope their company management does not look/act like the KonaRed Band they are promoting?
They are requesting an extension because they do not have good accounting programs/internal controls to track profit/losses on a daily much less a quarterly schedule. (ie: their Chief Financial Officer has a lot to learn) This is not suspose to be some broke pink sheet company with no money to get the job done!
This does not SPEAK WELL OF MANAGEMENT AT ALL.
Glenn Beck recommended this....its sad too because I thought he knew what he was talking about
The profit margin is great and, at first glance, it appears the company has his operating expenses under control.
Each quarterly report from here on out should be an improvement upon the past.
Past reports mean nothing...the company was in transition.
IMHO
KonaRed is a powerful gift from Mother Nature...a superfruit that, until recently, was left on the ground and then routinely thrown away...but not until it ripened to a brilliant cherry red. Then it was tossed. Sounds crazy, until you realize...
http://www.kredreport.com/
will the 50 square acres yield enough beans to produce product for all their orders.
I want to congratulate these guys on their product. I know it will be a ruff to "crack the nut" so to speak , but I believe when they get going that the biggest problem they will have is keeping up with the demand to fill their orders. --- therefore, their profitability is almost certain because of the demand for the product.
I believe the proxy at the shareholders meeting was to (1) reduce the outstanding by 1 for 15 and to (2) simultaneously reduce the authorized to 100,000,000.
that means --- BEFORE ( now please these are approximates)
authorized 500,000,000 100%
issued 415,000,000 83%
not issued 85,000,000 17%
and that would result in AFTER the Split
authorized 100,000,000 100%
issued 27,700,000 27.7%
not issued 73,000,000 72.3%
Does anybody know when this company is going to post any financial information, I would believe they have the money to do it so that one point should not be an impediment????
there is a lot going on here, but all I know is this,
do not lie to a judge.....