When you mention a company moving forward as a result of this merger are you referring to Exobox or Cherubim Builders?
I believe that if there was a future for EXBX shareholders we would have had a new website months ago as a window to the world proclaiming the good things in our future.
When searching for any info on Shaun Irving I happened upon a classic post from the jack:
Mr. Shaun Irvine was appointed as Chief Executive and Financial Officer Director of Exobox Technologies Corporationrationration effective August 5 2013. Before joining Exobox Mr. Irvine was engaged as a sales and marketing consultant Mr. Irvine attended The California Polytechnic State University through 2004 with courses in Business Administration. Director Since 2013 850-384-3009 http://www.exobox.com Management Efficency The company has return on total asset (ROA) of (856.37) % which means that it has lost $856.37 on every $100 spent on asset. This is way below average.
I noticed the absence of any mention of the jack retiring from the position as Chairman of the Board of Exobox, However that was reported in the 8k that introduced Shaun: On August 5, 2013, Jacob P. Cukjati resigned as Chairman of the Board of Directors and Alexander Hall resigned as a member of the Board of Directors after appointing Shaun Irvine to the Board of Directors. Mr. Irvine will also serve as Chief Executive and Financial Officer.
Nothing is mentioned about the jack still being involved with Exobox as a consultant and participating in a scheme to do a 1:2000 RS and then dilute shareholders into an insignificant fraction of a percentage of ownership while the jack is issued millions of post split shares to pay his gross salary of $168,000 per year which he so graciously assigned himself day one after hijacking the company to Florida.
I remember Rat and I took the jack to lunch and we tried for 2 hours to talk about the plan to take the company forward only to be met with a stonewall. All he wanted to talk about was performing a huge RS to eliminate Skipper and Dillons position and then awarding Rat and me post split shares. Rat and I were interested in improving the bottom line of the company for all shareholders, not enriching ourselves at their expense.
Sounds like the r/s has been the plan for along time now. Exobox was gutted a few years back and now it's a shell waiting for the right company to take over. The way I understand things is, dilute all current s/h's (sacrifice) and make room for the new. How can you look at a 1:2000 r/s any other way? My 52,000 shares will become 52 shares ( nice!). It's not personal it's just business right? AIMO
I believe we all know a RS is inevitable to "move the company forward" like you say. But there is a huge difference between a RS that does that and one that only gives controllers of the shell the benifet of that. It's obvious what this RS plan was and who it is was going to benifet.