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Re: taintnuting post# 27636

Tuesday, 02/23/2010 5:43:39 PM

Tuesday, February 23, 2010 5:43:39 PM

Post# of 47790
The oil & gas deal was the last hail mary when Regan was CEO. It turned out the O/G wells were way over-hyped & way over-valued. EXBX was over a barrel & basically took what they could get. The O/G wells did give new life to EXBX but it turned out the income they produced was not even enough to pay the interest on their debt, also a technology/oil company is confusing to investors.

It was a very good thing that Mr. Kampa was able to get out of the O/G deal & get 20 Million shares returned. Sam Skipper really did a number on EXBX as he still holds 30 Million shares.

Dillon the CEO before Regan did a lot of good w/ the legal paperwork, patents, etc. Dillon was all about Dillon though, he was maneuvering grey areas to line his pockets and was setting himself up off of EXBX & everyone elses dime. He was forced into resignation. He holds about 20 Million shares.

EXBX has investors running its life support as of current, but I am not to clear on the details. IMO, EXBX has about a MONTH to live. If EXBX does not get funding it will close its doors.