Most of the shares are held tightly and IMO, I don't believe that company would want to dilute anymore than necessary. One would have to think that there will be some institutional investors coming in once on OTCBB and positive news comes out. Also, I would anticipate that the OS could stay very low and be very controlled by the holders of these preferred shares.
The company has worked too hard to just dump a bunch of shares in the market. If they wanted to dilute they would have already done so, hence is an indicator to me...IMO. OS has not changed in a while and is now 10,917,500 as I have been monitoring the TA weekly. To me, this is a great sign from the management of Exobox.
Thats my two cents...
Eagle1,
P.S. EXBX SEC Filing Completed for OTCBB Bulletin Board
EXOBOX registered its common stock with the Securities and Exchange Commission effective February 20, 2006 in a move to qualify the Company’s stock for the OTC Bulletin board (OTCBB).
The transparency on the OTCBB will be beneficial to EXBOX in several ways. It will facilitate trading of EXOBOX”s common stock.
It will also increase the number of institutional investors that take positions in EXBOX stock. Further, the OTCBB is registered by the NASD which requires compliance with SEC rules including updated quarterly financial filings. The OTCBB better positions the Company to move to regulated exchanges should the Company wish to do so in the future.
http://www.exoboxtech.com/Company%20Profile.pdf
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