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fsmith1952

11/05/09 2:13 PM

#24979 RE: I_M_Bandit #24978

Can't IPO. IPO stands for Initial Public Offering. Exobox Energy is a wholly owned subsidiary of Exobox Technologies... which means that Exobox Technologies owns all of Exobox Energy's income and assetts...

AskMrOwl

11/05/09 2:43 PM

#24980 RE: I_M_Bandit #24978

RE: NYSE Amex Equities

In order to move to another exchange (such as the NYSE Amex) they would need to meet the listing requirements. Currently they have -2M in Shareholder Equity so they need to either make some money or have a good portion of the O&G deal fall into SE.

http://www.amex.com/equities/howToLst/Eq_HTL_ListStandards.html

If they were to move to another exchange it would likely be based on the company as a whole. The company isn't really large enough for a divestiture event such as a spin-off or carve-out.