Exobox Technologies Corp (EXBX)

[plunderingpete]

No doubt the sell off is no big deal. The day traders don't have a clue as to the potential of Exobox. I also agree that they have some of the top people in their field working for them.

The problem is the continued selling by insiders. As an investor, when I see insiders dumping millions of shares ahead of some supposed great event, it makes me wonder whether or not everything is good. I can't believe anyone would be naive enough to not be concerned by massive insider selling this late in the game.

I can't climb inside the heads of Scott Copeland and the rest of the gang to figure out what's going on. But my experience with investing tells me that these guys are deeply confused as to handle things as they relate to trading, etc.

Now here's how it should work. If they were market-savvy, they would know that there would be a run on the shares prior to the release of the product and other news simply because everyone wants to get in on the game. Selling on such a rally is perfectly legal. So what they could have done is let the natural rally run it's course, make their sale, then hit us with news. That would have been some time next week, much closer to product release and a proper time to start up the PR machine. That would have been the logical thing to do. Instead, they made panic sales when they saw the pps go up, but had no back up plan to keep it going, thus squashing the rally.

Again, to those who are unconcerned with short term price spikes, I hear you and agree under certain conditions. But what has happened here concerns me going forward.