I don't know etc.. honestly speaking, this is too complicated for me.
The 1-for-1 share exchange occurs after the 1-for-2000 reverse split I believe.
So if 500 million EXBX shares are currently Outstanding (and it's 475 million Outstanding according to last 8-K I believe), I would guess that gets reduced to 250,000 before this 1-for-1 share exchange.
If after this share exchange, us shareholders have 250,000 shares of this new company stock, it will be less then a half percent I believe considering that another 40-60 million post split shares are going to be issued. At least that's the way I see it.
Yes, no doubt, the CEO said I would still have all my shares in EXBX.... BUT, are those shares still going to be tradable on the OTC Pink Sheets Stock Exchange ???????
I could care less how many shares of EXBX I have if they are not tradable.
What I don't understand is how can you end up having two (2) tradable stocks on the Pink Sheets from one tradable Pink Sheet EXBX ??
If that were the case, why would companies spend thousands and thousands on IPOs when they can simply just RM?
If that were the case, why doesn't EXBX just pump out publicly traded companies no different than McDonalds pumping out hamburgers?
That doesn't make sense to me.
And add to that the fact that EXBX CEO Shaun Irvine cannot even answer some of my questions in writing, well..
I don't trust this deal. And you shouldn't either in my opinion.
These statements are all just my opinion.
Shaun Irvine, why won't you clear up all these questions and concerns ???