Saturday, January 23, 2010 6:41:21 PM
Nothing wrong in wishing for an island, I've had those same hopes and dreams before I lost a lot of money in one of those START-UP companies. I will say that I was educated at the university of hard knocks and did get a good education and paid dearly for it.
I have learned to read between the lines now and I have taken experienced investors advice. I have learned a lot over the last few years about investing. Even when you know whats going on, things can turn on you.
In my past posts, I have told posters on this board to be careful and that EXBX in not a guarantee. About telling others not to sell their shares, you are correct. I knew the deal with the oil wells were coming down. As I had explained before, the plan was to use the wells to hype EXBX forcing the share prices upward. I never figured EXBX share price to rise on software sales. In order for EXBX price to rise based on sales, you would be looking at years down the road. The O/G were going to make their money on the share price increasing. I too believed the share price was going to go higher, but not because of product sales.
We are now faced with a situation. Can EXBX obtain funding? What I am hearing is that the chances are very slim and selling the patents are becoming a bigger option everyday. That is all EXBX can do if they don't get funding. If anybody disagrees, I would like to hear their thoughts.
Uncle Rumple
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