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GoodVibrations

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GoodVibrations

Re: Penny Stalker post# 29434

Friday, 05/14/2010 12:11:20 AM

Friday, May 14, 2010 12:11:20 AM

Post# of 47790
PennyStalker,
This deal didn't have any financing. It was a way for Skipper to unload some bad debt on exbx. There was never any financing or money changing hands. All that happened was exbx assumed the debt from some wells that weren't producing without a major outlay of financing to get to the oil. Exobox assumed the debt in exchange for 10% of the treasury stock. How can a company with no money buy a 22million dollar oil well?
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