Exobox Technologies Corp (EXBX)

[ADVFN_notsomuch]

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.