Let me give you a short history lesson about EXBX...Back in the mid 2000's EXBX started out as a software company to produce anti-virus software for big corporations,its product was called Exodetect.The company went out and rented a very nice office in Houston,Texas,it was very legit looking.They set up a CEO and board of directors.They put out PR's stating that major companies like Boeing were seriously looking at this new technology and it was going to be huge,when in fact these software products had already been on the market for some time,so this shit was already outdated when they announced it,but people bit on it and the share price shot up dramatically.They had an event called a mixer were potential investors could come in and eat and drink thereself silly and hear how Exodetect was going to revolutionize the corp. antivrus world.The share price shot up to 25 cents a share.Then we didnt hear jack shit for months,the only PRs coming out was the were announcing new CEO's and different directors.So the share price started dropping as quick as it shot up,somewhere around 4 cents a share.They kept hanging carrots in front of the shareholders just to keep everyone interested.There were some insiders (I think his IHub screen name was Jon 578 or something,you can go back and look at his post)He claimed to be on the inside and assured us that we were being taken to the cleaners that everything in the PR's was bullshit,there was no product,this was a bait and switch,but nobody believed him.In fact he was banned from IHub,which if you look still stands to this day.
So for the next few years the share price continued to drop due to lack of news or PR's.But the revolving door of new CEO's kept spinning,I think these guys were just patsy's and when they got shit in their neck from all the lies and misinfromation they bailed out to stay out of the governments radar.Alot of these guys got restricted shares and Im sure they made a ton of money.
Then finally the shareholders had enough,and we hired lawyers to get to the bottom of this fiasco.Well that didnt sit well with the board,our lawyer i think gave up a list of the shareholders who contributed money in our legal defense and they turned around and sued us.Well that drug on for a couple of years,I was one of the shareholders named in the lawsuit.They finally gave up,and the suit was dropped,but not after Jehu Hand,a lawery for EXBX was sentenced to I think 6 years in they pen,and as far as Shaun Irvine,I think he's still in hiding,haven't heard anything on him for awhile,Theres alot more to this story I could tell you but these are the basic facts,Im tired of typing,I could write a book about this stock but I'll leave it right here,all in all this is the most toxic stock I've ever dealt with......
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