Exobox Technologies Corp (EXBX)

[imgunnaretire]

TheNapper,

It appears that information was pulled directly from the 10Q that was issued on 6/17/2010 page 14.

Liquidity and Capital Resources


"As of April 30, 2010, we had a working capital deficit of $3,494,007. Our current liquidity position does not allow us to meet our nominal working capital need which has required us to leverage off our vendors and seek loans from certain shareholders. Historically, our working capital resulted from best efforts equity financing and shareholder loans. During the nine months ended April 30, 2010, we borrowed $381,434 from certain shareholders on a short term basis. To date, we have repaid $534,430 of this indebtedness, although it should be expected that we will borrow additional amounts in the future. It is likely we will have to issue additional shares of our common stock in the future in an attempt to conserve cash. We will need to obtain working capital of at least $3,000,000 to fund our minimum operating expenses for the twelve months. In order to fund our full product development, including marketing and testing, we will need to raise at least an additional $3,000,000 to $6,000,000. We have no external credit or debt facilities in place to provide financing. We will be reliant upon best efforts debt or equity financing to provide necessary working capital. Accordingly, there can be no assurance we will be able obtain necessary funding to meet working capital requirements, the failure of which will result in our curtailing operations and/or selling assets".

http://www.faqs.org/sec-filings/100617/Exobox-Technologies-Corp_10-Q/

I hope you are doing well.
Take care
Imgunnaretire