Exobox Technologies Corp (EXBX)

[FunkyCoolModena]

Believe it or not, I do know about him. A firm I was talking to had mentioned his case as well as a few others.

Seems to me that this NRS 78.345 and NRS 78.330 is used quite often to force Neveda registered companies to hold shareholder elections. Also seems to me that it's pretty easy to do. I believe if you get a group of shareholders who represent 15% ownership (or more) of a company, that group can file a petition with the Nevada Courts forcing that Nevada company to hold an election and/or shareholder meeting.

http://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec330

http://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec345



This may be something shareholders of EXBX should look further into !!!



I'm pretty sure the NRS statutes state that a Nevada registered company needs to hold an election at least once every 18 months. I believe Exobox's Articles of Inc and/or Bylaws state that the company needs to hold an election at least once a year (or every 12 months).

Check out the Articles of Inc that were on the Nevada Secretary of State Website:
http://www.exobox-shareholder.com/xdocs/articles/Current%20AIC%20from%20Nevada%20SOS.pdf


According to all the EXBX SEC filings I could find, the last shareholder election was held in January 2011. That's more than 3.5 years ago I believe.

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001335002&type=&dateb=&owner=include&count=40

http://www.sec.gov/Archives/edgar/data/1335002/000117152011000010/eps4039.htm




Also, as for the recent 8-K filing where it states:

"On January 29, 2014, and in consideration of approximately $50,000 in cash, the Company issued 5,000 shares of Series D Convertible Preferred Stock to its sole officer and director, Shaun Irvine. "

"The current control person is Shaun Irvine, who holds all of the outstanding Series D Convertible Preferred Stock, giving him the right to convert into, and in the interim exercise the voting power, of 500 million shares of common stock. This is equivalent to approximately 51% of the Company's outstanding shares on a fully diluted basis."

http://www.sec.gov/Archives/edgar/data/1335002/000100233414000006/f8kacquisition.htm

There hasn't been any dilution to the company stock that I'm aware of. That along with a bunch of other reasons makes me think that the current control person mentioned above cannot excersize the voting power of 51%. Just my opinion.












GO EXOBOX TECHNOLOGIES CORP !!!!