Actually, it would have been a deal w/ it being just a software company. Now it is (O/G, Software) ran by a CEO w/ tremendous Health Care credentials. Talk about diversification.
I think you may be misunderstanding me. I was simply explaining one of the options ExoBox was exploring to stay alive. 5 investors including myself were going to buy 150M shares @ .01 PS. The 150K was going to keep ExoBox alive till they received more funding. I believe the # for the funding was 1.5M dollars secured through a broker and many other investors. The 150M shares were going to come from Scott, Reggie, Pernia & others. Not shares on the open market, but shares from their personal holdings. I think legality was an issue as well as the board deciding the O/G deal was a better route. Water under the bridge.
This was merely just one of the things ExoBox was tossing around the table to stay open & not close up shop for good.
Either way the PPS would have gone up because they would still be open w/ a very good possibility of funding. The deal I was in on may or may not have acquired the 1.5M in funding....it was risky. The O/G deal turned out to be much better. They still gave up the 150M shares and acquired income producing assets.
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