Sunday, November 08, 2009 11:37:26 AM
If you go back & read my post #24996, I described the one deal that 5 people including myself were going to do. 150M shares were going to be sold @ .01 a share. This deal fell through, do to it not being the best thing for the shareholders, also because it may not have been entirely legal. I know they were speaking w/ their lawyers to see if it was possible. I guess it would have been like a private placement. Never the less they did not do this deal.
The other deals that were on the table were not explained in any detail to the investors that were in on the deal as described above. The only thing I knew is that they had other options that they were exploring. I had a lot of my money wired into my bank account ready to do the deal when they went the other way w/ the O/G deal. I was at a disadvantage because my money was in my bank account and not my Scottrade account. They announced the LOI and by the time I wired my money back into my Scottrade Account the PPS rose. Thus, I only acquired 1/3rd of my original share count. For lack of a better word I got screwed. I now have 1/2 of what I originally had & I am still trying to accumulate. If I had known about the O/G deal I never would have wired my money out & would have bought back my shares on the open market @ .01. Again insider stuff that I was not prevy to.
I sold millions of shares on D-Day not knowing that any deals were on the table. I thought it was over. What I know now is the new guys want to move forward w/ the products & development. I think ExoBox is in a much better position than they have ever been in pre D-Day. I am cautiously confident.
The other deals that were on the table were not explained in any detail to the investors that were in on the deal as described above. The only thing I knew is that they had other options that they were exploring. I had a lot of my money wired into my bank account ready to do the deal when they went the other way w/ the O/G deal. I was at a disadvantage because my money was in my bank account and not my Scottrade account. They announced the LOI and by the time I wired my money back into my Scottrade Account the PPS rose. Thus, I only acquired 1/3rd of my original share count. For lack of a better word I got screwed. I now have 1/2 of what I originally had & I am still trying to accumulate. If I had known about the O/G deal I never would have wired my money out & would have bought back my shares on the open market @ .01. Again insider stuff that I was not prevy to.
I sold millions of shares on D-Day not knowing that any deals were on the table. I thought it was over. What I know now is the new guys want to move forward w/ the products & development. I think ExoBox is in a much better position than they have ever been in pre D-Day. I am cautiously confident.
