Saturday, May 22, 2010 8:11:19 PM
Jest fer the record, mr rong on every account, I do not have STOOOOOOOPID tattooed across my forehead like some people must.
I bet you wear a ball cap all the time.
I have not bought or sold any stock since I decided to begin a shareholders initiative to replace the BOD.
There is a little, rarely used precedent, called the Williams act ( http://www.jstor.org/pss/1121468 ) that says that if significant positions are added in order to gain a voting advantage during a Shareholder Group action to replace the board, they must report the addition of the shares within 10 days to the current board.
Most of the votes we are getting are from well helled shareholders that have watched their accounts dwindle 98% from their high point, as Dildo, Skipper, and Studdard drove this company to sub penny levels, like they have so many other companies before.
In my career at NASA I have worked for a total of 3 companies. This career spans 31 years.
In the last 4 years Skipper has gone from Samurai Corp, to ECCO Energy to who-knows-who-cares.
ECCE (ECCO Energy) is now trading at a whopping 6 cents a share down from a 52 week high of $1.20 per share.
Wonder what possessed them to get rid of such a stellar performer as Skipper??!!
Here is a 1 year chart for ECCO Energy with the sure handed Skipper at the helm:
I had an interesting talk with a shareholder recently.
This shareholder was on the board at the time of the Sam Skipper super duper oil well screwing deal.
He claimed that the first version of the deal valued the oil wells at 80 million dollars.
The term sheet also asked for all the board members to step down and leave all their shares at the door on the way out, except for 1 million shares.
I bet Scott was ready to shoot Skipper about this time.
There was no where near $80 million in stock laying around even if all the shares of Scott and the rest of the board were turned in. The treasury of EXOBOX was broke as usual paying Dildo's severance package, $11 thousand a month office space ( which Dillon Oil co habitated with them) and $10 thousand per month internet services.
So then the magic wand was waved and the wells were revalued at $22 million, and Scott and Reggie ( and possibly others ) were asked to return 150 million of their personally held shares to the EXOBOX treasury make the deal go through.
Mr Skipper would have us think of him as a friend of EXOBOX for selling these wonderfully worthless assets overvalued at $22 million in exchange for only $13.25 million in stock and loans.
Well if Skipper was any kind of friend to EXOBOX he would have returned ALL OF THE SHARES to EXOBOX when he took back the oil wells.
The worthless oil wells were intended to be put on the books as an asset and the company was going to move to the AMEX board in a dazzling display of smoke mirrors and lasers.
Unfortunately when an independent audit was done of the wells they found that with the debt that came with them, the actual price of oil and gas ( not the Skipper super duper 50% higher valuation ) the current production, and the required outlay of over $2 million to refrac the wells to make them more productive, that they were in fact not an asset but a DEBIT!
The conclusion of the independent auditor states verbatim:
So then we put put feelers to the EXOBOX shareholders to see if they want this band of thieves removed from office, and the overwhelming response is YES.
Over 160 million votes have poured in to replace the board.
Shareholder Shares
trap1960_________143,171
hammeru263________62,000
sk8ntchur_________226,595
bigdaddy2009______281,690
imgunnaretire_____1,366,000
boxbetterpop______3,000,000
muskratcuzzin_____1,139,000
zstrata____________230,000
thelaserguy________158,500
etc_______________775,838
good vibrations_____101,000
learningasigo_______230,000
ndis_________________97,500
astrofan____________52,500
A/Cguy______________355,720
exoman_____________144,900
Thornton80__________200,000
ag28882 610,000
captain puff 350,000
kingfisher1964 2,500,000
Phong Pham 176,200
barefoot123 200,000
ndebt 230,500
baller6 368,730
MoneyAg 250,000
krang 243,000
wannagomaui 800,000
littleraindrop 102,000
CutAbove 1,700,000
blessedbybox 42,000
CNTRYBOY 125,000
ag729 68,305
fsb advocate 225,000
skipjobe 101,000
rmeek1 650,000
1____________________2,500,000
2_______________________54,000
3____________________1,040,000
4______________________756,877
5____________________7,000,000
6_______________________78,000
7____________________1,800,000
8____________________2,500,000
9____________________3,500,000
10______________________22,500
11___________________1,000,000
12______________________52,000
13______________________37,370
14_____________________140,000
15___________________2,500,000
16______________________52,500
17_____________________500,000
18______________________31,000
19_____________________250,000
20_____________________350,000
21_____________________505,305
22_____________________750,000
23______________________50,000
24_____________________115,000
25_____________________566,950
26_____________________733,000
27___________________1,000,000
28___________________1,093,000
29___________________1,350,000
30___________________1,000,000
31_____________________969,000
32___________________1,000,000
33_____________________756,000
34___________________4,000,000
35___________________1,000,000
36_____________________566,000
37_______________________5,000
38_____________________400,000
39______________________20,500
40______________________87,500
41_____________________110,000
42______________________36,613
43______________________81,620
44_____________________580,042
45___________________3,000,000
46___________________1,600,000
47___________________6,000,000
48___________________5,500,000
49___________________2,000,000
50___________________1,000,000
51______________________27,000
52______________________95,331
53______________________96,045
54_____________________800,000
55_____________________655,422
56___________________1,233,400
57__________________12,768,000
58______________________23,400
59___________________1,250,000
60_____________________750,000
61___________________2,500,000
62___________________3,500,000
63___________________2,225,000
64___________________4,300,800
65___________________1,617,000
66_____________________500,000
67______________________51,700
68_____________________490,000
69_____________________800,000
70_____________________500,000
71_____________________236,484
72_____________________517,642
73_____________________209,300
74___________________3,041,554
75___________________3,670,175
76___________________1,750,000
77___________________3,000,000
78___________________2,019,582
79_____________________199,000
80___________________3,100,000
81_____________________800,000
82_____________________151,172
83______________________20,515
84______________________40,000
85_____________________126,000
86___________________1,500,000
87_____________________760,000
88_____________________387,706
89_____________________100,000
90_____________________167,000
91___________________3,041,554
92______________________15,500
93_____________________350,000
94___________________1,650,000
95___________________2,500,000
96______________________89,880
97_____________________169,880
98_____________________230,000
99___________________2,218,583
100__________________6,800,000
101__________________7,000,000
102__________________3,100,000
103__________________1,000,000
TOTAL_____________161,490,551
I bet you wear a ball cap all the time.
I have not bought or sold any stock since I decided to begin a shareholders initiative to replace the BOD.
There is a little, rarely used precedent, called the Williams act ( http://www.jstor.org/pss/1121468 ) that says that if significant positions are added in order to gain a voting advantage during a Shareholder Group action to replace the board, they must report the addition of the shares within 10 days to the current board.
Most of the votes we are getting are from well helled shareholders that have watched their accounts dwindle 98% from their high point, as Dildo, Skipper, and Studdard drove this company to sub penny levels, like they have so many other companies before.
In my career at NASA I have worked for a total of 3 companies. This career spans 31 years.
In the last 4 years Skipper has gone from Samurai Corp, to ECCO Energy to who-knows-who-cares.
ECCE (ECCO Energy) is now trading at a whopping 6 cents a share down from a 52 week high of $1.20 per share.
Wonder what possessed them to get rid of such a stellar performer as Skipper??!!
Here is a 1 year chart for ECCO Energy with the sure handed Skipper at the helm:
I had an interesting talk with a shareholder recently.
This shareholder was on the board at the time of the Sam Skipper super duper oil well screwing deal.
He claimed that the first version of the deal valued the oil wells at 80 million dollars.
The term sheet also asked for all the board members to step down and leave all their shares at the door on the way out, except for 1 million shares.
I bet Scott was ready to shoot Skipper about this time.
There was no where near $80 million in stock laying around even if all the shares of Scott and the rest of the board were turned in. The treasury of EXOBOX was broke as usual paying Dildo's severance package, $11 thousand a month office space ( which Dillon Oil co habitated with them) and $10 thousand per month internet services.
So then the magic wand was waved and the wells were revalued at $22 million, and Scott and Reggie ( and possibly others ) were asked to return 150 million of their personally held shares to the EXOBOX treasury make the deal go through.
Mr Skipper would have us think of him as a friend of EXOBOX for selling these wonderfully worthless assets overvalued at $22 million in exchange for only $13.25 million in stock and loans.
Well if Skipper was any kind of friend to EXOBOX he would have returned ALL OF THE SHARES to EXOBOX when he took back the oil wells.
The worthless oil wells were intended to be put on the books as an asset and the company was going to move to the AMEX board in a dazzling display of smoke mirrors and lasers.
Unfortunately when an independent audit was done of the wells they found that with the debt that came with them, the actual price of oil and gas ( not the Skipper super duper 50% higher valuation ) the current production, and the required outlay of over $2 million to refrac the wells to make them more productive, that they were in fact not an asset but a DEBIT!
The conclusion of the independent auditor states verbatim:
So then we put put feelers to the EXOBOX shareholders to see if they want this band of thieves removed from office, and the overwhelming response is YES.
Over 160 million votes have poured in to replace the board.
Shareholder Shares
trap1960_________143,171
hammeru263________62,000
sk8ntchur_________226,595
bigdaddy2009______281,690
imgunnaretire_____1,366,000
boxbetterpop______3,000,000
muskratcuzzin_____1,139,000
zstrata____________230,000
thelaserguy________158,500
etc_______________775,838
good vibrations_____101,000
learningasigo_______230,000
ndis_________________97,500
astrofan____________52,500
A/Cguy______________355,720
exoman_____________144,900
Thornton80__________200,000
ag28882 610,000
captain puff 350,000
kingfisher1964 2,500,000
Phong Pham 176,200
barefoot123 200,000
ndebt 230,500
baller6 368,730
MoneyAg 250,000
krang 243,000
wannagomaui 800,000
littleraindrop 102,000
CutAbove 1,700,000
blessedbybox 42,000
CNTRYBOY 125,000
ag729 68,305
fsb advocate 225,000
skipjobe 101,000
rmeek1 650,000
1____________________2,500,000
2_______________________54,000
3____________________1,040,000
4______________________756,877
5____________________7,000,000
6_______________________78,000
7____________________1,800,000
8____________________2,500,000
9____________________3,500,000
10______________________22,500
11___________________1,000,000
12______________________52,000
13______________________37,370
14_____________________140,000
15___________________2,500,000
16______________________52,500
17_____________________500,000
18______________________31,000
19_____________________250,000
20_____________________350,000
21_____________________505,305
22_____________________750,000
23______________________50,000
24_____________________115,000
25_____________________566,950
26_____________________733,000
27___________________1,000,000
28___________________1,093,000
29___________________1,350,000
30___________________1,000,000
31_____________________969,000
32___________________1,000,000
33_____________________756,000
34___________________4,000,000
35___________________1,000,000
36_____________________566,000
37_______________________5,000
38_____________________400,000
39______________________20,500
40______________________87,500
41_____________________110,000
42______________________36,613
43______________________81,620
44_____________________580,042
45___________________3,000,000
46___________________1,600,000
47___________________6,000,000
48___________________5,500,000
49___________________2,000,000
50___________________1,000,000
51______________________27,000
52______________________95,331
53______________________96,045
54_____________________800,000
55_____________________655,422
56___________________1,233,400
57__________________12,768,000
58______________________23,400
59___________________1,250,000
60_____________________750,000
61___________________2,500,000
62___________________3,500,000
63___________________2,225,000
64___________________4,300,800
65___________________1,617,000
66_____________________500,000
67______________________51,700
68_____________________490,000
69_____________________800,000
70_____________________500,000
71_____________________236,484
72_____________________517,642
73_____________________209,300
74___________________3,041,554
75___________________3,670,175
76___________________1,750,000
77___________________3,000,000
78___________________2,019,582
79_____________________199,000
80___________________3,100,000
81_____________________800,000
82_____________________151,172
83______________________20,515
84______________________40,000
85_____________________126,000
86___________________1,500,000
87_____________________760,000
88_____________________387,706
89_____________________100,000
90_____________________167,000
91___________________3,041,554
92______________________15,500
93_____________________350,000
94___________________1,650,000
95___________________2,500,000
96______________________89,880
97_____________________169,880
98_____________________230,000
99___________________2,218,583
100__________________6,800,000
101__________________7,000,000
102__________________3,100,000
103__________________1,000,000
TOTAL_____________161,490,551
