Replies to post #24996 on Exobox Technologies Corp (EXBX)

[zstrata]

Wow. It sounds like you have a pretty clear picture of what is going on. So do you feel like we are on a good path now? I take it that you are still a shareholder? TIA

[mu]

Thank you Mr. I_M_Bandit, that is indeed a revelation, more than most ever knew.

[fsmith1952]

Thanks for all the info...
Do you know if I was mistaken in understanding that there was a last minute large contract for services in the works when the doors were closed? I remember reading that EXBX management didn't accept this alleged contract since they knew that the future of the company's operations was in critical condition at the time... and they didn't want to accept new business knowing that it might not be serviced.
Also... HOW are the people returning the 150 million shares going to be compensated at .20 a share for the shares being returned to the company? I understood that those shares were simply going to be unissued shares.

[imgunnaretire]

I_M_Bandit,

You sure seem to know a lot about what was happening just after the doors closed and details that haven't been disclosed about the oil / gas and other possible deals?

Take care
Imgunnaretire

Posted by: I_M_Bandit Date: Friday, November 06, 2009 11:49:17 AM
In reply to: fsmith1952 who wrote msg# 24990 Post # of 25016

You are absolutley correct about the deal falling throught at the last minute. The investor got scared away due to the DD they did on the company before signing. All the negative posting on IHUB was a major contributor to the deal falling through....that is a fact. Scott & Reggie have been reduced to about 1/15th of what they had & they contributed a large portion of the 150M shares. There were a couple of deals on the table after the shutdown. 5 people including myself were in on a deal that fell through. We were going to purchase shares at a .01 per share to allow ExoBox to aquire 150K.....that is 150M shares that Scott, Reggie, Pernia & others were putting up as the last hail mary pass to stay alive. The 150K was going to keep ExoBox alive until funding which they had a very positive shot at getting. If they didn't none of us 5 would even think about doing it.

The director's decided to go the other route which was the O/G deal. Why sell your shares @ .01 when these O/G guys will give you .20 for them. The old mgmt. did what was best for the company & the shareholder's. None of us would be posting here now unless they didn't. They gave up a lot. Everyone is gone except for Studdard, and a lot of shares were given up. That was the deal & it was a take it or leave it deal, a demandmant if you will with hardly a whole lot of negotiation.

My hat is off to the old mgmt. team that sealed this deal. Especially, Scott, Reggie & Pernia...almost 70M shares a piece & then reduced to 1/15th, that had to sting. I know that the company was severely mismanaged & there were a lot of insider sales but in the end they did what was best for all the shareholders & the company.