Exobox Technologies Corp (EXBX)

[ucantfoolmee]

Posted by: ucantfoolmee Date: Thursday, October 22, 2009 12:41:00 PM
In reply to: fsmith1952 who wrote msg# 24363 Post # of 24427

No selling machine left! For the company to return 150 MILLION SHARES Scott and Regie had to have given up a substantial amount of shares, along with others. ASSUMING Scott and Regie give up 60 million shares each they will only be left with approximately 15 million each. They can only sell 1% per quarter and that is only 3 million and in a year they would have nothing left. I think the selling is done for now, I hope at least.

If Kevin is smart he will also PR about the AV etc...

Even with the $3 million current debt added they will have 6.25 million rev and that is .02 cents per share at 20x will be .40 cents a share along with some PR about AV and sales on DLP / DLD and we could very easily see .60 or more.

The way I understand it is that since these are PROVEN wells they will value it as it is a guaranteed income today. Now that income could change over time for the better or worse and that should be taken into account over time (PPS will fluctuate as the company puts out financial's).

Pessimistic would be .30 a share
Optimistic would be .60 a share



"The Assets were purchased for $13.25 million, which includes (1) the assumption of existing debt of approximately $3 million, (2) a 5-year, 7.5% convertible note in the amount of $1.5 million and convertible into common stock at $.21 per share, (3) 1,163,000 shares of newly designated Series E Convertible Preferred Stock with a stated value of $11,630,000, which is convertible into common stock at $0.477 per share and pays cumulative annual dividends of 7.5%, and (4) 3,000,000 shares of restricted common stock. On a fully-converted basis, the shares issuable upon conversion of the convertible note and the convertible preferred stock, along with the restricted common stock, would represent 34,500,000 shares of common stock, or approximately 9.9% of the total common shares outstanding, after giving effect to (i) the shares issuable pursuant to the Purchase and Sale Agreement on a fully-converted basis, and (ii) the 150 million shares being returned to the company by certain shareholders as previously announced on October 16, 2009."