Exobox Technologies Corp (EXBX)

[GoodVibrations]

As Mr. Owl has said:

Posted by: AskMrOwl Date: Wednesday, May 12, 2010 11:20:26 PM
In reply to: TheLaserGuy who wrote msg# 29383 Post # of 29412

Re: Oil Wells

To answer your question, yes. EXBX basically had to pay (shares) to get rid of them. This happens more often than you think. Sometimes, if you have an asset that is losing money the costs of getting rid of it outweigh its value. Simply winding down the operation may cost more than paying someone else to take it off your hands.

This is also how you can get your hands on a turnaround company very cheaply. (In this case, the wells are a turnaround situation) I have a bid on one now. Basically bidding under asset value. If successful, I get the company very cheaply and if successful with a turnaround can make very good money. I'll let you know how it goes if your interested