Tuesday, December 21, 2010 5:00:47 PM
http://corp.sos.state.ga.us/corp/soskb/Corp.asp?223405
Not much info available on this company.
Who exactly gets the $615,000? How is it divvied up? Does all of it go to officers, or who?
Before jumping to an automatic YES vote on January 7 (about 13 business days away), we should find out more about Burnt Hickory, LLC. We should know exactly what their intention are regarding this technology, plus a timeline.
Does this company have the expertise to get this product on the market? Do they have the cash to see it through?
As things stand now, once they have their hands on Exobox, what keeps them from deciding to go in an entirely new direction, a direction which could leave shareholders totally empty-handed. For example, if Burnt Hickory resold the technology to a third company, would the contract for 2-3 percent of net profit for Exobox still apply?
Burnt Hickory is assuming ALL of Exobox’s debt; what would happens to the technology should Burnt Hickory go belly up?
I need to know a lot more than is currently known before blindly voting yes. Otherwise, it could be a leap from the frying pan.
I've waited years on this stock and have every single share. The one thing that's soured me more than anything else about Exobox was their lack of openness and forthrightness.
Will Burnt Hickory be the same?
iagman
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