Exobox Technologies Corp (EXBX)

[fsmith1952]

What many people here are not keeping in mind... is that exbx will have to give something for those income producing wells. My understanding is that they were going to give them slightly less than 10% of the company. IF that is after the return of 150 million shares... which would reduce the outstanding shares to about 308 million.... So 30 million shares would be an accurate number to assume. So... After the return... and after paying for the wells with shares..there would be about 338million outstanding shares.
The OTHER point... is that it isn't clear if these wells are generating enough income to support operations at EXBX until it becomes profitable. I doubt that these wells are producing much if any income presently due to the much lower price of gas.... SO... what I am thinking is that the equity in these wells would be used to secure a loan to bridge the gap until sales meet expenses. This, in my view, is a rather brilliant solution to keep the boat afloat AND reduce dilution... at least temporarily.
One more thing we have yet to learn... is WHAT is the motivation for those 150 million shares to be returned? WHAT will they get in the long run if/after the company becomes self supporting? I suspect there will be warrants associated with the return of those shares.... Don't you?