Exobox Technologies Corp (EXBX)

[NDebt]

Masala,
I don’t know anything for sure, but from previous posts it was suggested that this was part of restructuring the shell. I don’t even know the current status of the shares. It’s hard to find info on this shell.


NDebt Friday, 11/05/21 11:50:39 PM
Re: the_kube post# 46648 0
Post # of 46685
Hey, ‘the kube’

I hope someone can confirm or deny that Lazar acquired one billion shares for his legal work on the alleged custodianship of this shell corporation... “has been granted 1,000,000,000 restricted shares of EXBX.”

I think that it is safe to assume that Lazar provided his “services” with expectations of renumeration. I don’t know what the limits are of “restricted” shares, but at .008 per share the value would be eight million dollars.

I don’t see that happening. I am worried about recovering my meager investment… I can’t imagine someone making eight million off this deal.

And finally, no SEC filing since April, 2020? As I stated, I hope someone has someone has some factual information.

etc Saturday, 11/06/21 03:37:26 PM
Re: NDebt post# 46653 0
Post # of 46685
Look at page 4 on the financial report and it shows 1,000,000,000 restricted shares for his custodianship company.

nsomniyak Member Level Saturday, 11/06/21 04:07:06 PM
Re: etc post# 46654 0
Post # of 46685
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.