Exobox Technologies Corp (EXBX)

[imgunnaretire]

I_M_Bandit,

I didn't know for sure but I was suspicous because of statements in the last 10Q, and have asked the question before:

Posted by: imgunnaretire Date: Tuesday, May 18, 2010 1:15:09 AM
In reply to: None Post # of 30320

I would like to know who has loaned the company money and has secured that loan with the Technology of Exobox?

If the loan doesn't get payed or the company goes tits up I would think whoever secured this loan with the Technology of Exobox ends up with the only asset this company has "Patents" "Technology" and none of the debt of the company. So who was so wise to get this assurance of the loan with high interest? And who allowed it to happen?

FROM LAST 10Q:

"In December 2009 and January 2010, four individuals, including two members of management, loaned the company a total of $90,000 in exchange for 10% notes with a nine month maturity. The notes are secured by the Company’s technology. Upon payment of the notes, the security interest of the debtor in the technology will be released back to the Company".

In December and January how many members of management did Exobox have? Because two of them secured this loan with the Technology of the company.

Take care
Imgunnaretire