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Tuesday, October 19, 2010 10:56:32 PM
From Inception to April 30, 2010, Exobox has accumulated losses of $20,613,470. The ability of Exobox to emerge from the development stage with respect to any planned principal business activity is dependent upon its success in raising additional equity or debt financing and/or attaining profitable operations. Management has plans to seek additional capital. There is no guarantee that Exobox will be able to complete any of the above objectives. These factors raise substantial doubt regarding Exobox's ability to continue as a going concern.
With a new Board and Consultants, Exobox has more of a chance in getting funding than it has in a long time. With the new forces at work for Exobox, things can only get better. Perhaps with some kind of joint venture with Kampa's group, (they have a large million to invest, by the way) the stock can only go higher when a deal is made for funding. This time the money will get spent for coding.
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