Replies to post #24173 on Exobox Technologies Corp (EXBX)

[bitman]

Hey UR,
(a) There is no A/V software
(b) I understand this is a whole new ballgame but what you have explained is nothing more ponzi scheme is it not?
(c) If this is a scheme to churn profits from remaining shareholders and not produce a line of products I don't think there is a large enough rock for management to crawl under.

I want this company to be a winner based on the patents held and patents pending. This is going to be a long uphill battle.

Bitman

[AskMrOwl]

Insider trading

Bear in mind that if insiders are buying we will see form 4's show up. This has not happened so you know that insiders and 10% holders are not buying at a penny a share. It is possible that other related parties are.

I agree with your post 24166 regarding profitability. There is no money to be made in this transaction as these are non-related industries that won't benefit from a merger in any substantial way (at least none that I can see). In fact, it is likely that some shareholder value will be destroyed. The PR also stated that these were income producing however, we don't know if these wells are actually making money or not. We need to see a cash flow statement from the O&G company to see if this is going to be a drain on cash or a provider of cash. It is possible that Exobox is buying a losing venture. Exobox has no money to buy anything with. If these wells were valuable another company within the industry with more substantial resources would scoop this up. Also keep in mind that this is for less than 10% of the equity. This is important because that means that as soon as they have the stock they can dump it on the market and not have to report the sales since they will be a less than 10% holder. 10% is the trigger to cause you to file form 4's. That is the only reason they want less than 10% of equity.