Replies to post #26270 on Exobox Technologies Corp (EXBX)

[ucantfoolmee]

Yep, it turns out I was wrong about something else. It turns out that Mr. Kampa did not get those shares back from Scott and Reggie to mess with the MM's and to help save us. Some one who was very kind, knowledgeable and nice smacked me around in PM's so I will not out them but I was wrong.

This is what they had to say to me:
"Where did you get this info from?
The transfer agents are used to allow the shares to become registered through an attorney opinion letter and the filing of about 3 forms including the 144. Once the shares are registered they appear as free trading in the persons brokerage account (such as eTrade, Ameritrade, etc.) instead of restricted. At this point, the owner has the option to sell them but doesn't have to. The newly registered shares won't hit the market until the owner decides to sell them. The market makers have no true knowledge of when the shares will hit the market. The filing of the form 4's happens after the shares are sold, not before so the form 4's provide post event knowledge."

So I did a little investigating and found out I was 100% wrong. Scott and Reggie were just dumping shares all these years on us to live large.

When I am wrong I admit it and I was wrong. Thats what happens when you get blinded by the pot of gold at the end of the rainbow. You go blind and only see what you want to. I have been grounded by some and it is back to being a fact based investor verses dreams. I hope Kampa can make our dreams come true though and start putting out some facts. The Rumor mill has been running again behind the scenes and all I can say is I will believe it when I see it. I guess in stead of sitting in limbo speculating we need to start seeing some results verses the rumors.

[ucantfoolmee]

This is the kind of thing that really is bothering many I have spoken to.

"During October, 2009, Mr. Wittenburg, a former officer and director acquired 5,000,000 shares of our restricted common stock in consideration of $50,000.
During October, 2009, Mr. Dillon, a former officer and director acquired 3,500,000 shares of our restricted common stock in consideration of $35,000."

Definition:
Consideration is the legal concept of value in connection with contracts. It is anything of value in the common sense, promised to another when making a contract. It can take the form of money, physical objects, services, promised actions, or even abstinence from a future action. If either promisee already had a legal obligation to render such payment, it cannot be seen as consideration in the legal sense.

In common law consideration it is a prerequisite that both parties offer some consideration before a contract can be thought of as binding.

However, even if a court decides there is no contract, there might be a possible recovery under Quantum meruit (sometimes referred to as a Quasi-contract) or promissory estoppel.

So basically they may not have done anything but made a future promise to possibly due something and got shares anyway for nothing.