Exobox Technologies Corp (EXBX)

[fsmith1952]

We are all still waiting for news that the LOI will be acted on and those 150 million shares will, therefore, BE returned. Usually EXBX puts out their NRs for the day before the market opens... Nothing yet this morning... doesn't mean it's a go or a bust... but, as we all know, the market hates not knowing.
I, for one, am THRILLED that this stock has been resurected from the dead. Wish I'd bought a million shares for at a penny a share... but, didn't have 10k to spend at the time, nor the belief that it would be money well invested. Oh well... another opportunity missed!
My thoughts on this acquisition of producing wells is... that IF they can pull this off... I would expect EXBX to put the wells up as collateral to borrow operating cash... INSTEAD of issuing more stock. The lower the float... the better we'll all do. Thoughts on this?