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Re: ucantfoolmee post# 26267

Wednesday, 01/13/2010 11:06:29 PM

Wednesday, January 13, 2010 11:06:29 PM

Post# of 47794
Unless I heard it wrong the oil well deal includes 10% of the company. So if company X buys the oil wells from EXOBOX they get the wells, the debt, and 10% of EXOBOX.
If someone who was there can corroborate or clarify if I am mistaken, please do.

If that is the case, it seems the oil well deal will be easier to sell. The buyer gets the wells, takes on the debt, and gets 10% of a start up company. A big time investor might just pick up the wells to pick up the large position in EXOBOX for cheap.
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