Exobox Technologies Corp (EXBX)

[diver312]

O/S 10QSB/profile A/S!

The 10QSB(June 16th)confirms 10.9 M shares O/S as of date.

The company profile states a different (higher) number but has been prepared in April'06

O/S 19.1 M
float 10.9 M

http://www.exobox.com/Company%20Profile.pdf

Regardless, investors (not traders) should take into account the conversion of the preferred and the warrants (detached).

There is a reason the current A/S is set at 500 M.

The R/M and the financing have to be digested first before EXBX can reach higher, sustainable levels. Until then EXBX might become a decent trading stock and in the near future EXBX might experience violent spikes (volume & price).

From last 10QSB:

NOTE 4 – CONVERTIBLE PREFERRED STOCK AND WARRANTS



As part of the reverse acquisition, on September 15, 2005, Exobox issued 3,513,825 shares of Exobox convertible preferred stock (2,392,915 shares of Series A convertible preferred stock and 1,120,910 shares of Series B convertible preferred stock) to the Exobox Delaware shareholders. On the effective date, all of the issued and outstanding shares of common stock of Exobox Delaware were converted into the 3,513,825 shares of preferred stock of Exobox with the Exobox Delaware shareholders owning 100% of Exobox’s outstanding shares of preferred stock. The preferred shares are convertible after a 12 month period into shares of Exobox common stock, convertible at a rate of 90.785877% of the outstanding common stock as of the date of conversion.

During October and November 2005, Exobox issued 50 units comprised of convertible preferred stock and warrants to investors in a private placement totaling $1,000,000. As of October 31, 2005 cash proceeds totaled $980,000. Each unit was issued for $20,000 and was comprised of 2,202.985824 shares of Series B convertible preferred stock and one common stock purchase warrant. Each preferred share is convertible at any time into 90.785877 shares of common stock. Each warrant may be exercised to purchase 90,000 shares of common stock at an exercise price of $0.20 per share. The warrants are detachable and exercisable at any time on or after October 31, 2006 through October 31, 2010. During November 2005, the final unit was issued for $20,000.