Exobox Technologies Corp (EXBX)

[sosjtb]

If they do this without shareholder approval, can we cause a problem for Shaun's plans?
According to this EXBX' s problems with being stolen can cause the DTC to freeze their plan and their 62,000,000 shares they hope to trade?



"DTC Eligibility: This step may or may not be necessary. In a nutshell, DTC can review a public company’s eligibility if the company undergoes a corporate change transaction (or at any time really). So if the private company merges with a shell company with problems and then changes the name or reverse splits the stock, for example, DTC could review the company’s DTC-eligibility and may elect to freeze or chill the company’s stock. If this occurs the process to regain eligibility can be a long and frustrating one, so this is a possibility companies should be aware of when making the decision between a Direct IPO and a reverse merger, and if it chooses the latter, then this should be a factor in determining what shell to select for the transaction."