Exobox Technologies Corp (EXBX)

[plunderingpete]

"They need to treat this company like the start-up it is."

Now that's an interesting thought, considering the fact that they aren't carrying much debt, if any. They could literally start over. Of course, they will have to go it alone since there is absolutely no reservoir of good will. Anyone apart from a large investor, such as a Microsoft, who is willing to put money into Exobox after the way they've run things would have to be a very large pigeon indeed.

They have two products of undetermined value, plus whatever else they have on the drawing board. At this point, who the hell knows if the AV software works at all or even exists. If it does, that's something of serious value.

As for bankruptcy, that doesn't seem to make much sense. The purpose of bankruptcy is either to avoid your creditors or to restructure your debt load with the intent of eventually paying your creditors. I'm unaware of Exobox having unpaid bills or outstanding loans. Of course, given the fact that Exobox is about as transparent as the old KGB, they could have massive debts. But I don't think so. The fact that shareholders are getting hosed is not a reason to file for BK.