Exobox Technologies Corp (EXBX)

[FunkyCoolModena]

Any idea how one would go about determining what the market value of a company would be?

How many dollars in yearly revenues and/or how many dollars in yearly profit would a company need to have in order to justify a market value of 361.5M ?

These are questions I asked the CEO. He said he didn't know. He also said he didn't know what the new price per share for the new company stock would be.

I agree that the new stock would have to trade at $6/share to equal EXBX's share price of $0.003/per share, if indeed there was a 1-for-2000 reverse stock split.

Tall order I suspect considering in the proposed SHARE EXCHANGE AGREEMENT it states:

"1.03(e). An agreement mutually satisfactory to the parties, signed by the Company and the directors and officers set forth in Section 1.03(b), that for three years following the Closing, the Company will not issue any shares of Common Stock for a consideration of less than $.25 per share. This Agreement shall be delivered to the Company's transfer agent."

http://www.sec.gov/Archives/edgar/data/1335002/000100233414000006/sharex.htm



In a conversation I had on the phone with the CEO, I brought up the math below..


If EXBX trades at $0.002/share, the new stock would have to trade at $4/share
If EXBX trades at $0.003/share, the new stock would have to trade at $6/share
If EXBX trades at $0.004/share, the new stock would have to trade at $8/share


To the best of my recollection, the CEO's response to the math above was it would only have to be half of that as shareholders were also going to get 1 share of stock in the new EXBX company as well as 1 share of stock in the new PDX/CBG company. To the best of my recollection, Shaun Irvine said the split would actually be a 1-for-1000 split due to the 1 for 1 share distribution.

Trust me, I know a lot of this is confusing. Thus, that is why I wanted some assurance, and I wanted that assurance in writing.



In my opinion, the CEO didn't have a clue about a lot of things, such as the issuance of Class D stock being a new Series of stock. Shaun Irvine also contradicted himself many times in my opinion. Yet just more reasons for me to have had the doubts I did. Thus, the reason why I seeked counsel for help.

Hopefully once the Discovery documents are submitted and Depositions are taken, we will all get a clearer picture as to what the sole director and officer of the company, Shaun Irvine, actually had in mind when trying to execute this SHARE EXCHANGE AGREEMENT (without a shareholder vote from common stock shareholders).

Just my opinions!






Go EXBX !!