Exobox Technologies Corp (EXBX)

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TheLaserGuy,

Maybe Mr.Owl could also verify another understanding I have about D&O Insurance, I understand D&O Insurance will not protect you if it is determined that the actions of the Directors or Officers of a company are determined to be criminal. Mr.Owl is that correct?

Take care
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Posted by: TheLaserGuy Date: Sunday, June 06, 2010 9:56:09 PM
In reply to: I_M_Bandit who wrote msg# 30300 Post # of 30318

How is EXOBOX going to pay for the D&O insurance?

The good looks of the consultants?

You can check with Mr. Owl but I think the insurance is in the $20K neighborhood.

And why would we, the Exobox shareholders, pay for insurance for a consultant?

I thought it was for Directors and Officers.

I thought Consultants were like contract labor, and paid their own life/health/etc insurance.