Exobox Technologies Corp (EXBX)

[Swizzer13]

I am not getting the party mood here. The latest PR says the following:

Under the terms of the Agreement for the acquisition; The Company will complete a reverse of 1 share for each 2,000 shares currently owned, and will acquire the controlling Interest of CBG, by issuing 40,000,000 post reversed Common shares of the company. The transaction is expected to occur on or before February 28, 2014, unless mutually extended by both parties.

So, I believe currently there are between 400-500mio A/S. After the reverse split (2'000 to 1) -> 200'000 A/S.

Then it says to aquire the controlling interest of CBG the company will issue 40mio POST REVERSED COMMON SHARES OF THE COMPANY. Now doesn't this mean that the company will issue at least an additional 40mio shares after the reverse split and dilute this stock into the ground? These 40mio shares would be pre-split 80,000,000,000 shares.

Where am I missing something here??? So as I see it, EXBX is completely dead and won't bring any money at all. The only hope is that CBG is bringing money, but given that this is not trading yet, what will the price level be? We cannot compare to any current stock price and this sound fishy to me