Exobox Technologies Corp (EXBX)

[Eagle1]

This new 8-k shows that the OS will not being going as high as we thought it would once the prefered shares are to be converted to common shares.

The bottom line is, this new ammended 8-K 10/13/06 clearly states that the new conversion rate(s) has been lowered compared to the old conversion rate(s) for the prefered share conversion to common shares.

This ultimately will make the common share OS lower since the Conversion rate has been lowered... to me, this is a Great Sign.

Lower operating shares, means potentially higher and more explosive PPS when good news comes. This also will leave more options on the table for the future.

With this latest 8-K, there is no doubt something is cooking up in the Exobox kitchen and it sure smells real good to me!

Have a Great Weekend!

Eagle1,