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briguy31

01/13/10 8:17 PM

#26268 RE: ucantfoolmee #26267

Hey ucant, been very busy lately and outta the loop for a while, trying to catch up on things around here. You still buying shares in Exobox? Hope all is well with everyone.
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TheLaserGuy

01/13/10 11:06 PM

#26277 RE: ucantfoolmee #26267

Unless I heard it wrong the oil well deal includes 10% of the company. So if company X buys the oil wells from EXOBOX they get the wells, the debt, and 10% of EXOBOX.
If someone who was there can corroborate or clarify if I am mistaken, please do.

If that is the case, it seems the oil well deal will be easier to sell. The buyer gets the wells, takes on the debt, and gets 10% of a start up company. A big time investor might just pick up the wells to pick up the large position in EXOBOX for cheap.