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"The deal is the resumption of a $22 million dollar contract that was just begun before it was delayed due to the economy.."
The company has not referenced this as a $22M contract in the release... The terminology has clearly changed to "2008 Milestone" contract... what is the potential value of this contract today? It is 2 years later... the value and terms would likely have changed, no?
Without any specifics, this news is impossible to value.
"you were very quick to judge the effect of this news"
Maybe I should have said "the news released on their website on Friday" to make you happy? That was THE ONLY news at the time...
1/2 an hour with no trading on Friday's news pretty much speaks for itself what the effect of that news was...
It was 100% accurate at the time. The stock did nothing until they put the news out on the wires at 10:43.
Why pull something out of context to take a cheap shot at me?
Actually it is relevant that it IS NOT a paid promo!
I'm just pointing out that the writers of that newsletter are trading frontrunners and just use the site to pump their picks so they can unload (IMO) and people should be aware of the obvious conflict of interest in their advice.
PSH put that up on their website earlier today...
What do you think of promotion by a webite that has to disclaim:
"The PennyStockHaven.com is not a registered investment advisor or broker/dealer."
"You understand and agree that at the time of any transaction you make that Newsletter employees, Newsletter affiliates, and friends and family of Newsletter may have a position in such securities. The positions may have been acquired prior to the publication of any website information or email newsletter. You should also be aware that the aforementioned parties do have the right to increase, decrease, and/or liquidate their positions at any time without further notification."
"range was 4M to 6M"
If I recall, the $4M number has never been made "public" by the company, only the $6M number.
Do you have a link to a release, CC, etc. where the $4M has been publicly released? Thanks...
"Crestmark moved very quickly to approve this customer's credit"
Just so everyone understands... This is clearly invoice factoring based on the customer's creditworthiness, not EXPH's. However, as I read this, it sounds to me like this is just saying that they got approval to included "this" customer under the existing factoring agreement... Anyone read it differently?
Also, I do not see that there was an increase (yet) as was in the previous news... "The company will seek increased credit from Crestmark bank to support this project."
Doesn't look to me like investors are buying the news at face value...
1/2 hour in and no trading...
"seek"
That word is meaningless... tell us they HAVE increased credit... but don't PR that they are seeking it...
What ever happened to releasing REAL PRs? This latest news contained nothing one could use to calculate potential earnings... zippo... it even took board posters to interpret the cryptic content to guess at *which* contract we think we are talking about!
We all want this to pop... but let's try objective evaluation of news over blind promotion please......
"How do we know that Food Lion is the NDA company?"
Veno covered this here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46900622&txt2find=food|lion
Didn't EXPH already have a $1M "LOC" with Crestmark... what happened to that?
Seems like a reasonable hypothesis...
"the largest scale and sales volume project in the company's history"
What does this tell us exactly? What is the previous largest project size?
Does anyone have a translator that can decipher that cryptic release?
I'm at a loss...
"i'd lay odds the new ceo has already been hired :) "
Please tell me it is Robert Nardelli! :)
"Well sure, but wouldn't that be unethical at the least or possibly illegal?"
Unethical yes, illegal... I wish that was the case...
I've seen this done on every exchange with companies of all sizes!
Trust me... companies can and do this all the time!
Why would they be selling the 100M shares at this level if they have some positive news to cause another run on the horizon? Wouldn't that be... well... stupid?
"remember the last time they stated they were through issuing shares which just about maxed out the A/S.. the share price started it's move, will history repeat?"
If the shareprice follows the rules of supply and demand it should at least stabilize awaiting news...
So what is your opinion of management selling PP shares at a discount with no restriction (if that is the case)?
You missed a very important part of Owgur's post... the link... http://www.spellchecker.net/spellcheck/
I hear you... but what I want to know though is... is this new money they have access to, or just a refinancing of debt?
Sure it matters. :)
"In June, Expo Holdings restructured nearly $400,000 worth of short-term loans with Wachovia Bank and Southern Community Bank into long-term notes."
Sounds like it was a long term loan, not a LOC.
"the company completed restructuring it's current line of credit with Southern Community Bank and replaced it with a new note at the same bank with 7% interest, and an interest only option."
I'm confused... Is this a Line of Credit, or an existing Long Term Loan? Why does every bit of news require further explanation?
"anyone know if there are any updates out of TDA
and *restrictions* in place since 12/4/09 on buys"
As of 1 minute ago, TDA buying still blocked.
If these are the PP shares being sold, that would mean the the PP shares were not restricted! Would he really sell these shares without restrictions?
"are ameritrade users able to buy this yet?"
Nope as of 2 minutes ago.
"up until jd's comments .. my DD showed me 7
(3 insiders and 4 others *close* to the co.)
who hold approx 800M shares of EXPH
courtesy of this ~ i can now add no. 8 with 50M+ "
It never occurred to you that the holder of the 50M shares is one of the 7?
"can certainly understand why the etc div couldn't happen
it would be no surprise to find out EXPH shares
couldn't be reconciled"
You're making things up now! If this was the reason... it would have been disclosed!
I past it! Your out of luck!
"replacement of an existing loan by receiving a new loan in the aproximate amount of $250K from the same bank."
What does this mean (spelling mistake aside)? They renegotiated an existing loan? Why? Why do news releases only lead to more questions?
The webcam needs to be moved.
The current image reminds me of Easter Island!
"kinda like selling a facility/property to yourself and taking advances against the funds while maintaining ownership of the facility/property......a rather perverted drain on company assets...no?"
If I understand what you are alleging here...
Do you have any proof, or is it just speculation:
1) That JD sold the building to himself?
2) That he took the "loans" from the company specifically to buy the building?
3) That JD owns Wilkes Holdings?
Pretty serious accusations... I hope you have the facts to back them up!
Really doesn't tell us much without some basic details...
"on a specific future date"
The buyer could be offering a 25% premium to market valuation with a maximum price lower than today's price! Probably not, but nothing would really surprise me these days. And would the shares be restricted? They are now, right?
Anyone want to claim that 1M at $.0014?
... and you missed one (demostration)! ;)
"I've never seen any evidence that you had to remove the counter top. Is there any? Was I absent that day?"
Apparently...
http://easytoinstall.com/
Clearly shows the countertop being removed...
"So we trash JD until May 1st. Is that what we do?"
I can't speak for others, but I have no intention to "trash" him.
"Who comprises the BOD? I don't know. And I don't care."
You should care as it was that same BOD that allowed the events that occurred here to happen under their watch... and it will be the same BOD that decides on the next CEO.
"The board of Directors has decided to make a change and get a new CEO so why all the negative comment's about the former CEO."
1) He is not yet the former CEO.
2) Who comprises the BOD?
Nope on Ameritrade...
"Opening transactions for this security are not accepted."
"Fortune 500 companies sponsor NASCAR more than any other Motor Sport"
I think "Motor Sport" is the key phrase there.
I know that I am venturing way off topic here, but I'd die to see a chart showing IQ vs. NASCAR viewership! I wonder why those are never published?