Exobox Technologies Corp (EXBX)

[nsomniyak]

Part of Lazar's MO is often to issue himself enough restricted shares so that he can control any shareholder votes required in the process of rehabilitating the shell, then cancel those restricted shares as part of the deal that results in the final change of control.

If he controls a majority of the votes, he does not have to develop and circulate proxy materials for all the changes along the way and things go much faster.