Thursday, January 08, 2009 10:51:38 PM
Go to the link I provided below. It will show you what each "INSIDER" owns. Scott has 79+ million....Reggie 76+ million. The others are a little deceptive because if you go back and do your DD you will see that some have "indirectly" sold to family members/friends....which are still held. Technically
That is what makes this stock so attractive. Out of 400+ million O/S (outstanding) shares....only about 200 million are available to you or me. The rest are held by the company/directors.
As many have said in the past. They're slowly selling off a little at a time....to "US"....makes more available to the general public. That's good. You can't have a good run on a stock if there are not a lot of shares out there to trade back and forth. 200 million is a very small amount for a penny stock.
And as Robert has said in the past. They hold...or control close to 50% of the comapny. So our votes for directors/policy are really mute....because they have the votes to pass anything they want.
WELCOME TO THE WORLD OF PENNY STOCKS.
http://finance.yahoo.com/q/mh?s=EXBX.OB
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