We are in agreement in not liking the assets being liened on.
You stated:
Fact 1 - Exobox is in debt to the tune of over $3 million.
True, but a large portion of the debt is due to loans & back salary. 3 Lawsuits are for loans & back salary. I believe Ernst, Liebowitz, & Goodman have the suits. Skipper & Scott stated that 2 of the lawsuits are almost finalized through negotiation & will be dropped. That leaves 1 lawsuit which would be Goodman. 2 of the lawsuits dropped will knock the debt way down, Skipper & Scott told me it will be less than 1/2 of the figure you stated above.
You stated:
Fact 2 - Exobox only has one asset, the patent.
False, there are 3 SUEZ Patents w/ about 20 Pending, Also the SAAS was liened on. 100% of the assets is not "the patent"
Kampa liened on 100% of Exobox's assets & did not pursue a 5 Million Dollar funding opportunity in exchange for 30% of the company. He did not re-up his contract & left expecting the company to implode. If it does then guess who gets your assets.
That is a fact & there is proof to substantiate it
The issue w/ the one board member is that w/ the lawsuits Exobox cannot get D & O insurance which fsgeek stated is director & officer insurance. It protects D's & O's from lawsuits. Noone will sign on right now because they will be open for lawsuit. Take care of the lawsuits get the insurance & you will have your new board.
Scott & Skipper stated that Kampa liened on the assets using his back salary owed to him. When Exobox received the money from the loan, Kampa payed himself w/ a large portion of it then left w/ his name still attached to the assets. Kampa is the one surely not pissing & moaning about that sweet a$$ deal. There is also proof to substantiate this.
You stated:
IMO... The loan was not made with the intent to steal the technology. The loan was made with the intent to protect an incredibly risky investment.
It is apparent that the whole deal is shifty, profoundly questionable in legality, & most certainly not in the best interest of shareholders. Not to protect a risky investment but to steal the technology.
I will let you know what the plan was. Kampa liened on the assets & left in hopes Exobox would implode. Implosion occurs & Exobox defaults on the loans. Kampa receives 100% of yours & my assets. Kampa starts up a new company w/ a new name but keeps the company private. Noone would be able to follow the technology or invest due to the company being private. This new company will have a clean slate & will have funding upon it's inception. The technology will be coded, products will hit the market & be profitable. Kampa will then take this company public & have an IPO on a major exchange. Estimated PPS would be in the dollars. The holdings everyone has in Exobox will be worth ZERO $0.00 forever.
That is no conspiracy theory
If you have stock in Exobox this is what you are looking at. I suggest you get behind the very few people who are working there ass's off to prevent this. Pissing & Moaning on this board will not do the situation any good, because folks believe it or not its coming.
