Replies to post #42417 on Exobox Technologies Corp (EXBX)

[GoodVibrations]

Your numbers don't make sense. If I have 2000 exbx shares at 0.003, they're worth $6.00. After the split I have one share of the new company worth maybe. 26 cents
Then after the split I only have one share of exbx worth. 003. How does this work? What don't I understand?

[GoodVibrations]

Your numbers don't make sense. If I have 2000 exbx shares at 0.003, they're worth $6.00. After the split I have one share of the new company worth maybe. 26 cents
Then after the split I only have one share of exbx worth. 003. How does this work? What don't I understand?

[GoodVibrations]

You say the deal must of cost a lot of money to make happen. Who paid for it and what were they going to get in return? I'm sure "they" didn't do this for nothing. The money has to come from somewhere. This is where the deal shafts the exbx shareholders and profits the ones doing the deal. Follow the money. No reply on my previous post?

[sosjtb]

That is called a share dividend, not a reverse split. A share divided would have been great in a new company, this deal was a reverse split that diluted current shareholders at 1 for 2000 to benifet people like Shaun who suddenly owned 500 million voting shares at our expense.

If you believe this was a benifet to current shareholders you are truly an idiot. Even more of an idiot thinking you can still pass off this crap as something legitimate.

You messed with the wrong penny stock...
Can't wait for the next season of the walking dead, if you get the reference lol. EXBX is the walking dead of the OTC board.

[FunkyCoolModena]

I'm not so sure about that. What I got from reading that 8-K was that my current EXBX shares would have been reduced to 1 new share for every 2000 old shares.

I just don't know what those new shares would have been priced at.

I aksed the company this question, as well as many other questions, but.. well you already know the story there..


I do know that the spin off would have required regulatory approval. That's in the 8-K.

"The completion of the spin-off would be subject to regulatory approval."

http://www.sec.gov/Archives/edgar/data/1335002/000100233414000006/f8kacquisition.htm





All in my humble opinion of course.