Replies to post #43691 on Exobox Technologies Corp (EXBX)

[muskratcuzzin]

It's all about the "paper trail"

There is a paper trail that reads:
Item 3.02. Unregistered Sales of Equity Securities.
On January 29, 2014, and in consideration of approximately $50,000 in cash, the Company issued 5,000 shares of Series D Convertible Preferred Stock to its sole officer

There should also be a paper trail that reads:
a $50,000 deposit into the company till if he, or anyone, paid for them.

and if there isn't a paper trail of the approximately $50,000 ... then the IRS would want to know why that is .... me too ;)!

It's always about the paper trail whether or not there is one and there had always better be one ...

Also, if the $50,000 was put in the till then ... "Great!" ... where is it?
Paper trail have an abortion somewhere between the filing and the bank?