Exobox Technologies Corp (EXBX)

[fsmith1952]

You have an interesting way of doing accounting. You subtracted $3 million of OLD EXBX debt from the value of the wells... why? EXBX also did not pay out the other $13.25 million you deducted from the value of the wells either, since as you mentioned.. they don't HAVE any cash. My understanding is that the 13.25 million will be TOTALLY made up of the 9.9% of the company's stock that the seller of the wells WILL receive... Still no cash changing hands. AGAIN.... we got back 150 MILLION shares for NOTHING.... So, when the 30whatever Million shares are exchanged for the wells... we STILL net about 120 million LESS shares issued. Furthermore, the $22.5 million is a DISCOUNTED measure of what the oil and gas in the wells is worth... (if I am not mistaken).
As far as the OSR coding issue goes... I'd expect to see some other options come about. In the meantime... I fully expect EXBX to become self supporting in the not too distant future... THEN we will have more clout to persue the AV and other software solutions more effectively.