Replies to post #42233 on Exobox Technologies Corp (EXBX)

[QAsharp]

Let's face it. The new ceo was hand picked by the previous ceo whose record with the company was less then stellar. We have absolutely no idea whatsoever what agreements were reached prior to the handover, do we? During his tenure as the head of EXOBOX, we became less then overjoyed with the fruits of jacks labors and/or the transparency of his actions on behalf of the company. Why should we expect any radical change from his hand picked successor? Just sayin. All IMHO, as guaranteed by the first amendment, which as of this morning has not yet been revoked, (to my knowledge) or countermanded by executive order.

[AskMrOwl]

Hi Z,

Lots of questions.

Yes, I was caught on the 21st Century Technologies downfall. They did pretty much what you state. Reverse out the current shareholders to make room for the new shareholders.

I also lost out big on FFED (First Federal), Now Auto and Cell One Wireless. I watched USXP go down from the sidelines.

Reverse split and dilution is very typical of what happens in these cases.

Yes, the company likely wants to reverse the stock and dilute the existing shareholders. This will need to be done for the company to move forward as it currently doesn't have anything to move forward with. The question here isn't does it need to happen or not, I think the question is, when it happens, what are circumstances and will the existing shareholders feel that they are being treated fairly.

Yes, of course there are chances that people mis-spoke.