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Jeremiah....hope this helps(I don't have PM feature.
if a company announced the retirement of 300 million shares:
1- would the float increase-decrease?
it depends:
the float would show a decrease equal to the number of unrestricted common shares purchased on the open market and then retired....the float would remain unchanged if the entire 300 million shares were restricted... however..if the company was also diluting during the same time period the float could actually grow.. by the number of shares diluted....the net result to the float depends upon the number of unrestricted common shares retired versus the number of shares being diluted ..
2- would O/S increase or decrease?
the O/S would show a decrease 300 million shares... however.. if the company was also diluting during the same time period the O/S could actually grow by the number of shares diluted.
3- would the number of issued increase or decrease?
again...it would decrease by 300 million ..however if company was diluting during this time any additional shares would add to the Issued.
"retired" shares are returned to the treasury and can be re-issued.
as for expo holdings form d(506 & 504) filing info;
http://www.formds.com/issuers/expo-holdings-inc
as for preferred share conversion to common ratio:
Filed in Nevada- entitled-DESIGNATION- document# 20070748641-59
File date 11/1/2007 - filed the same date that the preferred shares(50 million) were...*er*...created.
this should shed some light on JD's decision to HIDE float information ....
you need to take a closer look..at RHUB.
Lets be clear...Expo is a NON-FILER...plain and simple.... to suggest that Expo is an electively reporting company makes no sense..other than to offer false hope that JD will wake up on monday morning with up to date audited financials ready for posting....why would anyone forward that impression?
Expo is a non-reporting entity ...with a STOP sign to prove it.
JD likes it that way.
JD likes to issue PR's regarding revenue and retail availability of product that does not exist....along with PR's touting acquisitions that never materialize. It's all part of the game.
JD enjoys the life of CEO of a dark, non reporting entity...he has access to the share printing press and pipe funders...he likes the life and experience so much....perhaps he wants to try it again.
Perhaps that is why he had grand illusions of taking the failed ETC story away from Expo....perhaps he had the same hopes in mind for ETC ..... perhaps his plan was to take ETC public via another shell being prepared for the "process"......and his ETC dream would be more proftable than even Expo....no debt ...no employees...just a story...a story to be told through PR's and ENABLERS....get it?
Jerry... perhaps JD would like to expand on the following:
JD's very own words:
8/30/2010- "The company has recently completed it's loan agreements and now owns outright 3 of it's forklifts, and ALL of it's other material handling equipment, including CONVEYERS."
however...in an apparent attempt to justify NOT repaying the company.....
more words of wisdom from JD:
7/25/2010- "Nor has Glenn Harrs and J. D. Brown been releieved from responsibility of loans OUTSTANDING by the company from banks,vendors, suppliers and Machinery Financiers."
I thought the COMPANY balance sheet was being cleaned up?
Regarding the 3 forklifts....if the company owns these "outright" why is an active UCC still on file showing three forklifts being covered by a finance statement?
Regarding all of it's other material handling equipment... if it is ALL paid off and company owned-OUTRIGHT...why does the same financing statement show the following?:
Altendorf F-45 Slider 3400 & ASSOCIATED ACCESSORIES- SN:0106154
Optimat BHC weeke & ASSOCIATED ACCESSORIES- SN:0250130800
EB Brandt Optimat KD55 & ASSOCIATED ACCESSORIES- SN:0261027804
Homag SE 6400 with RETURN- SN:0200081886
Mitsubishi forklift SN:AF3D00055
Caterpillar forklift SN:3AB01914
Toyota forklift SN:61830
As a follow up..the actual serial numbers are included...with this in mind...perhaps JD would like to answer a simple question:
Has the company sold or disposed of any of the equipment listed above?
If yes, ..on what date was the machinery sold?
Perhaps JD could enlighten shareholders regarding the creation of Wilkes Holdings LLC...and the "sale " of the land and buildings- 116 shaver street.
JD...given the companies declining sales at the time you sold the shaver street facility and land...why would you do such a thing? The end result was the company's rent went from $5100 per-month to nearly $20,000 per-month. Why did you do this?
Wilkes Holdings is located at 116 Shaver Street.
Has Wilkes Holdings, since it's birth, ever been issued a check, received compensation electronically or received payment in any way shape or form from either Expo Holdings or D&D Displays?
Jerry...perhaps JD would like the opportunity to expand his answer to question #1.
*source- Quartery filings available on pink sheets.
From 1st quarter 2007- "The net outstanding ADVANCES receivable due from STOCHOLDERS at MARCH 31, 2007 Totaled $185,726"
From 2nd quarter 2007- "Advances-shareholders as of JUNE 30th, 2007 $340,826"
$155,100 loaned/advanced to JD and Glenn from the public company between March 31, 2007 and June 30, 2007.
The outstanding balance as of dec. 31, 2009 was roughly $399,000.
JD's answer to question #2- Obvious and correct.
JD's answer to question #3- garbage amounting to "no comment"
JD's answer to question #4- see question #3
JD's answer to question #5- see questions #3 and #4
JD's answer to question #6- not forthright in nature.
Will Hartley was highlighted in a press release issued on May, 25th, 2010.
http://www.reuters.com/article/2010/05/25/idUS197266+25-May-2010+BW20100525
From the Press release: Will Hartley, President,Builders Choice,"I am very excited about the opportunity to join the Expo team. My new position as SENIOR V.P. residential sales allows me to serve our customers while being part of a larger effort."
Will Hartley no longer works for Cima/Expo. He is employed with WALZCRAFT...per his profile page on sawdustsoup. com
http://www.sawdustsoup.com/profile/WillHartley
Let JD know which Mr. Hartley was in question.
Perhaps JD would like to explain his reasoning behind taking money from the company because he gauranteed a loan. Is JD making the payment on these loans? LOL....of course not ..the company is!
welcome to a preview of the FAQ section of the EXPO website.
Excellent post SBB...well structured and on point.
In regards to SEC release # 33-9142...the release covered rule changes and amendments made by the SEC specific to section 404(c).
404(c) provides exemption from section 404(b).
my take...indeed Expo Holdings is exempt from section 404(c)...
So yes....Expo Holdings is exempt from requiring it's independent accounting firm to prepare an attestation report in annual filings.....as a matter of fact Expo's independent Accountant makes it quite clear that in no way shape or form are they attesting to anything....they state that they are relying 100% on managements representations only. Expo's accountant expresses NO OPINION regarding Expo's Internal controls....
But...in my opinion....SEC release# 33-9142 does not offer EXPH a get out of jail free exemption across the board.....
As for The original advisors,consultants and accountant... The consultant knows what he is doing although I do find it interesting that he demoted himself to shareholder status of Gaurdian Registrar and transfer...perhaps the cozy relationship was raising eyebrows..or maybe it was a proactive step.... anyway....the accountant has been disgraced due to what was ruled as incompetence and out of the picture...the advisor/consultant in my opinion set things up with himself in mind from a legal standpoint... meaning that JD and Glenn are on their own now in regards to shareholder loans/advances....false and misleading Pr's and their personal holdings ...not to mention the land and building 'sale' along with the creation of Wilkes Holdings.
The original steps of the R/M more than likely were technically "legal"...however ..the "consultant" is also an Accountant yet he chose someone else to *perform* and sign off on the actual audit...odd....the question today is....Have JD and Glenn crossed the line?
Cima is nothing more than the 3rd rebirth of Builders Choice Cabinets...yes veno...it died twice.
And things are going so well with the Cima division that Will Hartley up and left to take another job....he bolted the nest Veno.....why?...would the founder of a twice failed entity leave the building because he just could not stand to be part of the successful rebirth of his twice failed company? LOL
Longshot at best...the only indication of these being paid back came in 2007....1st qtr.....during the period of time when JD 'sold' the land and buildings.....it appears that roughly $190K was 'paid back'..dropping the advance balance to roughly $185K..however within 60 days the two whiz kids then turned around and advanced themselves additional money bringing the balance up to roughly $340K......
the balance:
end of 2006- $375K
end of 2007- $352K
end of 2008- $398K
end of 2009- $399K
what about the...."worst economic conditions since the Great Depression"???
JD and Glenn would not agree with that statement....life was GOOD for those 2.
Actually....JD and Glenn have labeled the $400K as Advances.
However....my opinion on the subject is that both the SEC and IRS take an interest in such..."ADVANCES".
What about the good old grandfather clause?
Nope....you see...according to EXPH filings....JD and/or Glenn repaid a large chunk of the "advance" 2nd qtr-2007 or 2008.. however within the time frame of the following quarter the two of them took ADDITIONAL advances which took the balance above what it was BEFORE the 'temporary' partial pay-back...and I believe the SOX act- section 402 prohibits any renewals of grandfathered officer loans.
SOX Section 402 ... the big question in my opinion is: Is "Personal Loan" defined in detail? Probably not.. which is why close attention is paid to advancing money to officers and exec's... generally speaking if a cash advance or use of company credit cards is used for business use/expense it's OK...if not... well then...it could be an issue.
Of course IRS interest in the matter would relate to whether or not the 2 whiz kids claimed the advances as income .
The bottom line in Expo's case is.... given the financial condition of the company.... Did JD and Glenn have the financial well-being of the company in mind by taking these "advances"? Or...given the financial condition of the company did JD and Glenn exhibit Reckless behavior by taking and not repaying these...*er*..advances?
Perhaps....yet I do believe the "client-customer" hidden behind the innuendo was S&K Menswear.....The bankruptcy filing is extensive.....I extended the *poster* an opportunity to prove up the theory that EXPH 'carried the bag' for this Bankrupted client-customer...yet no *response*.
D&D displays was not on the creditor list...several vendors made the list....heck...even BB&T made the list- $27,792.....but no D&D Displays......perhaps a retraction of the "carried the bag" theory is in order?
jerry....to what length is JD willing to go in order squeeze every last nickel from this farce?
Remember...the OTC is the wild west...the SEC issues warnings to pinkie investors and prospective pinkie investors.
The fact that the OTC/Pinks are poorly watched is exactly what attracts the likes of JD and *consultants* to the OTC.
Failing private company in need of instant cash......NOT for expansion.....they'll tell you that in PR's but it's the furthest thing from the truth. Simply compare revenues from 2006 through 2009 and the partial 2010 numbers.....D&D displays is shrinking and has been in contraction mode for YEARS. JD has used the OTC as a vehicle to transfer debt from himself and Glenn onto the backs of non-insiders who find themselves in possession of near worthless shares of stock.
To take from the company...nearly $400K in "advances" while the company was and is bleeding red ink is absolutely a slap in the face to each and every non insider holding shares of this scam.
This is nothing more than business as usual in the land of the Pinks .....scamming CEO's along with professional advisers/consultants who have chosen the unsupervised OTC as their personal playground...not by accident.
Ask yourself..in regards to the otc: given the lack of oversight
who..is in a position to take advantage of this anything goes- say anything you want environment?
Logic would say- the person(s) who ISSUE shares.
Logic would say- the person(s) in control of PR communications.
Logic would say- the person(s) in control of the company assets.
No market maker raised the A/S..nor did a Market Maker sell off the land and buildings.....and nary a market maker has ever authored a PR on behalf of Expo Holdings. JD did not arrive on the OTC by accident.
JD says he never ever has sold a single share of EXPH stock..yet why on earth did he check the 10% beneficial owner box on only 1 occasion regarding Form D filings? 1 Single time..after the initial form D filing he failed to check the beneficial owner box...why?
Talk about errors...LOL
http://www.sec.gov/Archives/edgar/vprr/07/9999999997-07-002129
"Private placement offering of HOMELAND INTEGRATED SECURITY SYSTEMS INC- $5,000,000."
"Date of Incorporation 9-93"
and JD signed this Form D 506 filing on behalf of Expo Holdings...LOL
Well said SBB..well said indeed. The next process and next step is key for Jerry IMO.
Hopefully he enlists the services of an attorney who specializes in the issues at hand....
One more time...the price of the shell means absolutely NOTHING to Jeremiah's case....NOTHING.
It is simply an attempt to deflect..plain and simple.
Who did JD seek out to take public.. his shrinking-failing- debt ridden private enterprise called D&D Displays ?
JD sought out and found a 'consultant' armed with a ready willing yet according to the PCAOB apparently not ABLE Accountant ...a transfer agent founded by the same consultant and 2..*ahem* accredited investors.
JD ..pre going public was what I call an ANONYMOUS CEO...no public record regarding his ability to run a company...typical situation in R/M's.......JD's consultant on the other hand is rather skilled at the game and fully understands the PROCESS and HOW to actually make money on pink sheet turd stocks. Here's a HINT...it does NOT involve a *3-5* year hold once the stock/shell leaves the dormant stage...and the promoting begins. It's the early behind the scenes action that sets the table..you know... the 10-1 forward split....look into JD's *consultant* and how previous R/M's were set up..."activated", promoted, pumped and then dumped.
How many other Pink sheet stocks came to market via a R/M process which involved either A-Z Consulting or Greentree Financial?
Simply look into just a handful and you will see what you already know.....you'll see exactly what a *3-5* year BUY and hold strategy gets you....different symbols same result.
Jeremiah has this information.
Jerry...know this... you are not an insider or a shill.....JD has no consideration for you....the non-insider common shareholder.
why do you think there are/were a grand total of 2 participants per the reg D filings?
It's a closed society for the most part....ya gotta be quick to make money on these turds....anything you read about a *3-5* year hold is GARBAGE.
Good question...lots of possibilities:
Maybe Glenn sold it on ebay?
NITE secretly had it disconnected?
The boys from Southern Candle borrowed it?
JD fell behind on his rent-to-own payments?
JD figured it lacked transparency..and we all know JD is all about transparency?
JD discovered it was being used for illicit purposes. I don't have details but the rumor is hamsters were involved?
Big Banks , Lowes, Home Depot and Karl Malone are vetting it?
SEC operatives are using it to catch wash traders?
Not sure but it may have something to do with the death of WW's CEO?
makes perfect sense
Nope...sorry veno....the 180K deposits are for CIMA jobs....and my deposit numbers are correct...sorry for your losses.
Could you explain The Home Depot policy as it relates to Custom Cabinet orders? Thanks
Could you explain Lowes policy as it relates to Custom Cabinet orders? Thanks
LOL
Very important question 4kids... & answer:
Question What would you call a CEO and Company President who's annual filing contained the following entries:
Outstanding balance of advances made to shareholders- $352,654
Checks issued in EXCESS of bank balance- $21,000
Answer JD Brown and Glenn Harrs
have a good one
Based on equipment and inventory which is 100% lien encumbered the true MC is a negative number.
gotta hate being a non-insider shareholder.
The company is mired in debt and revenue does NOT keep pace with expenses. With minimal cash on hand, selling tools and no longer needed equipment sure came in handy. Not to mention the 180k which represents payment in full for CIMA work which is still in progress. Paul got paid but Peter will soon be upset. I would say that the company is insolvent regardless of the touting efforts of others.
July is coming to end with no removal of the STOP sign on pink sheets, no ownership forms filed, no timely filings whatsoever, no ETC retail outlets, a dead patent application, a dead trademark application and doghouses parked in front of abandoned hardware stores, D&D displays now employs fewer employees since it's early days of inception
Edit.....I forgot to mention that CIMA, EXPO's bestest division was formerly Builders Choice cabinets & countertops-a twice failed entity crippled by federal payroll tax liens....oh and 1 more thingy.. one of Expo's largest net assets per the 2009 annual.....the shareholder advances of course. $399K LOL
Wow.....hey listen....I have no problem with *anyone* forwarding a rudimentary asset - liability valuation....however..if that same *anyone* strolled down Asset Avenue.....he/she would need to take a right turn and travel down Liabilty Boulevard before rendering a ..*er*...true value ...valuation??
collusionistas hits lucky number seven
Ah yes...the..*er*...singing starts when the ole self-preservation instinct kicks in.
two individuals who are/were complicit and colluded with at least one company officer of Expo Holdings,Inc
Two....Two??....that number sounds familiar...I'm sure it will come to me in time....
Exactly how many individuals participated in JD's private placements? 2??
S.B.M.P., LLC
managing members:
Louis Silver
Patricia and Claud Brooks
Wayne and Anja Murdock
Earl and Marilyn Parsons
IMO.....L/C with a balloon pymt. balance due to S.B.M.P., LLC at the time JD...*er*....'SOLD' the land/buildings was roughly 460K if memory serves me.
How is Mr. Nafe doing these days?
or better yet... have you spoke with the Southern Candle boys lately?
have a good one
Good for you Jeremiah...you don't owe anyone here a detailed explanation.
It's real plain and simple....you feel you have been wronged and you are taking steps to remedy the situation...that's what I understand to be the situation.... continue to do what is in YOUR best interest...you owe an explanation to absolutely NOBODY here.