Replies to post #43310 on Exobox Technologies Corp (EXBX)

[FunkyCoolModena]

COLLUDE is the word I believe Exobox' sole officer & director may have used in describing what shareholders may have done when they stopped their Exobox stock equity from being diluted to oblivion.


COLLUDE : to work with others secretly especially in order to do something illegal or dishonest
http://www.merriam-webster.com/dictionary/collude



COLLUDE is what I believe Exobox' Board of Directors (Jacob Cukjati, Carl Ulepich and Eric Cavanaugh) did at the January 20, 2011 shareholders meeting. According to Exobox' Website from May 11, 2012 it showed:



Major items that occurred at the January 20. 2011 shareholders meeting were:

1. A proposal to give the authority to the Board of Directors to sell all the
companies technology passed;

2. A proposal to ratify the creation of and transfer of the company's technology
to a wholly owned subsidiary Suez Technologies Corp. passed;

3. A proposal to approve past actions of the Board of Directors was on the agenda but was withdrawn;

4. A proposal which asked shareholders to approve a reverse stock split leaving
approximately 27% of the company in the hands of current shareholders was not
approved;

5. The meeting was opened up for motions from the floor. A motion from the floor to give authority to the Board to effect a reverse stock split, if the Board saw the need, seconded and voted upon. The proposal, as made, would leave a minimum of 33% of the company in the hands of current shareholders and was passed unanimously . As of December 24, 2011 the Board has not taken any further action on this motion.





Where did the motion from the floor to give authority to the Board to effect a reverse stock split come from ????


Who seconded it ???


Who voted upon it ???


Where is the proof that it was passed unanimously ???




I believe 2 if not 3 shareholders who may have been named on Exobox' Fed suit may have actually attended this Jan 20 2011 shareholder meeting in Florida.

I sure would like to know what recollections they may still have about that meeting.




Remember,

"Proposal giving authority to the board to effect a reverse split 37million For, 52 million Against, less than 1 million abstained."

/s/ Carl Ulepich
Secretary of the Board

http://www.sec.gov/Archives/edgar/data/1335002/000117152011000191/eps4117.htm





How could Exobox still enact a reverse split if 52 million votes were against it ????









So many questions, yet so few answers in my opinion.. Hopefully all these questions are answered to our satisfaction in the upcoming depositions. I wonder if the former Board members are also going to have to be deposed.








Go Exobox Shareholders !!!!!!!!!!!!!!!!!!!