Summary of BOXS Website Shareholder Update: ** Renegotiated and satisfied a number of debt obligations. ** Injected much needed capital to restructure the company. ** Auditing firm bringing company current with SEC filings by Sep 28th. ** Acquisition/Merger of company within battery and new energy technology sector. ** Added Pat Avery, an industry veteran, as Chief Operating Officer.
Summary of BOXS Last Two 8-Ks: ** Last convertible note is for $150,000 of common stock at $0.05 per share and contains a 4.99% limitation for selling into the market and is payable in three years. This is only 3,000,000 shares of dilution at the share priced of .05 per share (or higher).
** Effective July 1, 2021, Patrick Avery, age 68, will be appointed as the Chief Operating Officer (COO) of BOXS.
** Mr. Avery studied biology and chemistry at the University of Colorado in Boulder and civil engineering at Loyola Marymount University in Los Angeles, and he holds an MBA from Pepperdine University.
** Patrick Avery has over 30 years of experience working in the industries of fertilizer, mining, specialty chemicals, petroleum, and construction/project management.
** In the fertilizer industry, he worked for 11 years with JR Simplot, one of the largest privately held food and agribusiness companies in the USA, where he held senior positions across all key business units such as mining, manufacturing, supply chain, wholesale sales and energy management, managing over 1500 employees, three mines(two phosphate and one silica), and five major manufacturing facilities, and several warehouse/distribution locations, making dozens of products from chemical fertilizers, industrial products, and water treatment: https://simplot.com/
** He has led several junior fertilizer companies through all key phases of growth and is currently a Board Member at Fertoz an AUS phosphate company with major assets in North America: https://www.fertoz.com/
** More recently, Mr. Avery is the Principal and Owner of LDR Solution LLC, a consulting firm for major mining, chemical, fertilizer, project management and private equity companies.
As part of Mr. Avery’s compensation, he will receive a base salary of $84,000 per year with a discretionary bonus at the direction of the Board of Directors.
I think there are some things that should be greatly considered to not be overlooked. Patrick Avery has accepted the job of Chief Operating Officer (COO) of BOXS not because of what is in the company now... but because of what he knows to be coming into the company. Again, read his credentials above. He was part of multi-billion dollar companies. He's not coming on board here with BOXS to tarnish his name to be part of the problem. He is coming on board because he is going to be part of the solution.
Also, the company didn't agree to pay him $84,000 per year in cash because of the revenues they are generating now. They are not generating any revenues right now. This means that they have agreed to pay him this salary because they know the magnitude of what they are bringing in will more than allow them to afford to be able to do so.
Even with the extra incentive of giving him a discretionary bonus at the direction of the Board of Directors, this means that they too are expecting major things to where they believe that it is likely going to deserve him being paid more than $84,000 for a job well done to position BOXS for growth.
In my opinion, they already have a targeted company to be acquired/merged into BOXS. All of the above is proof that we have been simply seeing positioning take place to bring in something major. Once we start to see their SEC filings pop up, then I believe it will be go time as one might say. The time is near in my opinion as patience will continue to be a virtue.
AI
