Exobox Technologies Corp (EXBX)

[fsmith1952]

I never questioned the additional $3 milllion in debt, although I can see how the wording leaves some room for misinterpretation.
On the sale... what I don't see you taking into account is the value of the stock "sold" or used to "buy" the wells. If I understand it correctly.... the entire transaction might be zero cash and all stock... or, there could, in the end, be several different options that might include some cash... Nonetheless.... if you figure out what the SP would be for value received, I think you'll find that EXBX is doing quite well. For example... the break points on the options....
The main note of $11,630.00 is convertible if/when the SP reaches .47. Clearly, this is the bulk of the deal... and just as clearly... the O/G guys EXPECT this to be a good deal. SO... IF the SP can climb up to .47 and above.. we ALL make out.