Could be many reasons,
1. They might actually want the AV if it is real
2. EXBX was a clean shell and fully audited and that is rare
3. They might want the shell for the oil and have no intentions for the AV products and phase them out over time and just be O/G
When a person takes over a shell it is not easy to get yourself shares even though you own it. You have to file a 1A with the SEC and gets recorded in public records (thats why a lot of companies such as SPNG guys get in trouble, they do not file and authorize shares that are illegal. This has nothing to do with NSS or phantom shares at all). So what these guys have done is first as private investors they invest $ and get shares in return and also do a convertible note. Now they can get shares without having to file with the SEC, those shares are only restricted for 6 months than skies the limit. The reason no one wants to file with the SEC is because if you do not have a VERY good reason and submit a business plan they are still most likely going to turn you down unless it is for a PP to be sold to others, in this case they (CEO's) and others still can not get their hands on shares. So what they have done is a creative way of getting shares without having to go through all the formalities and possibly getting turned down, kind of like a loop hole. I hope I explained this well enough.
This is why I am down, they have used a back door loop hole to get shares and have already lied to us with this whole 10Q. Just seems like wash, rinse repeat with another group that will bait us all along for a year or 2 with delays and BS reasons on why things are not working out.
The current management can show the money from the oil wells in the company and also keep it all with out keeping any in the company. This is why I do not see how $6.25 million dollars over a 10 to 20 year time will fund operations today. I do not see them using the wells as collateral and taking out loans because the loan will have to be paid back with interest and had they just kept the oil wells and never looked at EXBX they would have made more money. None of this makes any sense other than they really think the AV is real and worth a lot of money or they are just going to scam investors by using the oil wells revenue to inflate EXBX SP, dump the shares they bought when it went to .01 and make a boat load of money. Since Dick has not come out and laid out a plan or how the oil wells will help etc.... I will believe it when I see it. When I talked to Gary on the phone in July he told me not to worry and that they knew what they were doing and this was all going to work out just like Dilldo told me in July of 2007. So this time I will not just trust but these morons have got to earn that trust and quickly.
