Exobox Technologies Corp (EXBX)

[Eagle1]

This is very interesting...



http://www.sec.gov/Archives/edgar/data/1335002/000137219807000028/prelim14c.htm

Q: Why isn’t Exobox soliciting proxies relating to the Special Meeting?


A: We have received written consents from the holders of a majority of the capital stock authorized to vote on the name change. Under the Nevada Revised Statutes (“Nevada Law”) and our Articles of Incorporation this transaction may be approved by the written consent of a majority of the voting interests entitled to vote on it without a meeting called for that purpose. Since we have received the written consent of the necessary number of votes to approve the election of five (5) directors to hold office until our 2009 Annual Meeting of Stockholder and ratifying the selection of Malone & Bailey, PC as our independent auditors for our fiscal year ending July 31, 2007, conducting a meeting of the stockholders is not necessary and represents a substantial and avoidable expense.

Why have a shareholder's meeting if they already have written consent of the holders of a majority and are not even required to have a shareholders meeting on this?

All Directors and Officers as a Group (6 Persons) Percent of Voting 98.52%



Q: What can be discussed at the Annual Meeting?



A: Under public disclosure rules, Exobox is not allowed to disclose material non-public information to its shareholders until Exobox first makes such information available to the public. Accordingly, Exobox can’t discuss our ongoing, confidential business dealings.


As of the close of business on March 20, 2007, the record date for shares entitled to notice of and to sign written consents in connection with the name change, there were 43,638,543shares of our common stock outstanding,

So as of March 20, 2007 the common OS is 43,638,543 shares , but I cannot find out what the tradeable float is yet.

It is interesting that only one form 4 has been filed for a total of 45,000 common shares to market so I guess someone needed some lunch money or something...LOL

The float has to be low...according to the SEC Filings...but what is it currently?

I want to know.







Eagle1,