This is just my opinion and what I think. I was not told this so take it for what it is. I think Dillon raised the $3 million and went back to OSR and OSR wanted a lot more money than the $3 million originally agreed upon. Dillon figured he would hire Ted to code the AV and unfortunately Ted was unable to fullfill that. Ted had DLP and DLD and they decided to get DLP / DLD done and use it to fund the AV. At this point enters Regan who has no idea what he is doing as a CEO and DLD / DLP is already near finish and can not change course. Reagan probably also thought that DLP / DLD would be huge but forgot they still needed money to continue operations to both products being complete and revenue coming in. Obviously no one hear can deny the fact that EXBX has 2 finished products as thousands have seen them in person not to mention Beta testers and current customers. D day occurred with Regan at the helm and IMO Scott got mad and got involved. Hence Mr. Kampa who is what EXBX has always needed a guy who can raise MONEY. Scott and Reggie did give a boat load of shares back and IMO that was a huge show of faith. We have to remember that even at .01 and Scott having all those shares could have still dumped and made around $6 million, which I do not know about you but I could live pretty comfortably off of $6 million for the rest of my life, same goes for Reggie. IMO Mr. Kampa took over and EXBX EOY was due and IMO Regan was out of money already and never bothered with the EOY. Kampa was under the gun to get the EOY out ASAP to get the "E" dropped. Mr. Kampa had a little more time to get the 10Q done and more accurate. IMO it really was not bad, actually it was IMO one of the best they ever put out.
A profit for the first time EVER!
Reduction in the shares, that's a first!
First time Scott and Reggie gave back shares!
Clearing up the oil and all that speculative garbage being spewed that it was for just a higher exchange, like that was going to do something for us!
They have said they are back to the AV and it is the main goal and focus!
From the 10Q and EOY they have renegotiated the offices which means IMO at least they plan on being around for sometime! I view this as a GREAT sign because obviously Regan dropped the ball on bills, money, etc... but if they renegotiated that means someone came up with money to give the landlord and the landlord accepted the new terms, landlord could have just said "GET THE F%$#@ OUT" and leased it to someone else. After EXBX spent all that time and $ on those offices I am sure the landlord could have leased it to someone rather quickly and made some serious cash off that deal to another Tech company. Tech offices are not easy or cheap to build.
Again this is just my opinion and what I think that is all.
