Exobox Technologies Corp (EXBX)

[fsmith1952]

Again... the valuation is NOT annual income. I believe it to be income over the life of the wells... which may be decades.
Additionally... We haven't heard ANYthing about what the terms of the 150 million returned shares will be. In a previous iteration it was to include limits as to how many shares could be sold.. but we have yet to learn anything about this newly contemplated deal.
There is no such thing as GUARANTEED income. IF gas/oil prices go up... so will the income. If they go down.... well.. you guessed it. I actually believe it will go up over the life of these wells, but over time.. not immediately.
Also... MY BELIEF is that these wells don't generate enough annual income to support exbx operations at this point. So, I expect them to be used as collateral to obtain what will be needed to keep things going until it does become self supporting.
When I mentioned "selling machine" I meant the sales effort within EXBX... selling the product.... not insiders selling vast quantities of shares.