Replies to post #15911 on Exobox Technologies Corp (EXBX)

[plunderingpete]

I'm not trying to stir up trouble, but in my opinion, Marc Pernia's last sale, running up the pps 44% and dumping is questionable. I also did not say that Exobox private placement shareholders were receiving inside information, only that it is possible and permissible, to a certain extent.

As for what I wrote, it is correct that a company can disclose private information to private placement shareholders. They are simply prohibited from trading on that information. If you take issue with that fact, fine. If private placement shareholders have received more information than others such as me, I could not care less. But to suggest that my post was intended to stir up trouble is a bit of a stretch.

As for the recent rise and fall of the pps, I have consistently blamed that on heightened expectations surrounding the April 7 telecon. If you had read any of my previous posts, which are quite numerous, you would know that.

[plunderingpete]

One other thing. I have, in previous posts, defended this company against the idea that it is nothing more than a pump and dump scheme. I know one when I see one and this most assuredly is not a pump and dump.

As much as you and I want Exobox to succeed in a big way, things to do occur on occasion that are troubling. In such instances, I and others will speak up and call things as we see them. No stopping that.

[AskMrOwl]

Re: Private Placements

I am not 100% sure on this however, I believe the way it works is that private placement stock starts out as being restricted. The initial information private placement people are granted goes along with the restriction on the initial shares. If you have been disinvolved with the company for a year after purchase you can request a 144 release of the stock which requires a letter of opinion from an attorney and you are given 3 month windows of opportunity to sell the stock. If you have held the stock for two years and are disinvolved with the company then the 144 request doesn't require an opinion of counsel and the stock can be cleared outright through the transfer agent for free trading. During the private placement process you may or may not be privy to confidential information. It is up to the company to supply you with whatever information you request to get you to feel comfortable investing your money. They can always deny RFI's and you can always not invest your money. They can voluntarily share everything from the business plan on down without you asking. They also don't have to share the same information with all the same people. Generally speaking however, it is my belief that private placements, PIPE, underwritten offerings, etc. are usually afforded some amount of non-public information. Restriction has its privileges?

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