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I comprehended the release just fine..
It says that a machine broke down but they will still be able to do reduced shipments until it is fixed..10 days is all..then back to shipping displays..etc and Cima orders ahead of schedule..Just a little bump in the road while another shareholder will pick up the tab by buying restricted shares at a premium..So..I don't see any great need to increase the AS again..
On a side note the tile displays I saw were top notch and as I said..they replaced the ones that were being discontinued..From what I could see..the displays only represented about one fifth of all the displays that were out..So..Imo..it is very likely that the company could see more orders like the 20K order many times again..The work as I said was top notch and LOWES has many stores that need many displays..
Here is the fun part..kendrick has great in already with HD..They also have many displays..not to mention both LOWES and HD could save shelf space by adding etc vanities..
I do agree that the company is cutting it close..but that is what it will take to pay down debt while at the same time increase production..
It was asked at the shareholder's meeting that company update shareholders on both the positives and the negatives..Well the CNC machine breaking down is not the best of news..Sorry..it doesn't play into any pump and dump that some were hoping for..
Again..I have been asked for the dimensions of the displays I have seen..LOL..They were tile displays and anyone can go to their own LOWES and look at the tile displays..I find it hard to believe that some can't find the tile/fooring section of their local LOWES and see the displays..Of course I pretty much frequent both HD and LOWES several times a month as I do my own repairs and remodels..I guess it might be hard for some that have never been there before..but the different sections are labeled..GLTA..
Edit..Thanks 4kd's you may be correct on all accounts...veno
Then we agree that the manipulation
of the stock by traders needs to stop..Thanks..However as Renee has pointed out many times..be carefull for what is wished for..As a long term shareholder I am not concerned..
I do believe that the new CEO will move the company forward and take care of the long term shareholders by making the company profitable..
To start off..the new CEO is already on board as per the company and knows what is going on daily with the stock..It won't continue to be a traders personal ATM much longer..Any bets those last 50 million shares are also locked up at .001 or better?? So..I don't expect much in the way of cheap shares coming my way and I am not selling..
To answer your question..No..I believe the new CEO can continue to add contract orders through companies like LOWES and HD on a recurring basis..Not only in displays..but also on the retail side..I do see additional customers like Menards and IKEA joining in as well..The existing management has already paved the way for this to happen and I do believe the new CEO will gain an even stronger position with the existing companies while adding the new ones in the near term..Debt is being reduced for this company to turn it around by the time frame given and no speculative degradation of the company or the management posted here can stop that from happening..
Edit..I have seen the new displays in the LOWES stores and I like what I saw..veno
I am talking about the manipulation of the stock..
but of course you knew that..I have no problems with the management..
I do like the fact that the current management know their limitations and are changing both the leadership of the company and the directional move that doesn't rely solely on displays..
"the company has been diversifying from displays and commercial cabinetry to retail cabinetry (etc.), residential cabinetry, high end residential cabinetry, and a new economy pet program. It is also important to point out that a major shift in customer types is occurring from single project based customers to customers that need to replenish stock on a regular basis."
I like this decision and like I said..the new CEO coming on does know what is happening as far as manipulation of the stock and degradation of the company is concerned..I look forward to the change that is coming...veno
I am really looking forward to the new CEO
coming on board and turning this around..
If anyone wants a story for why the company raised the AS another 50 million shares..Look no further..I have to admit that I asked the company to do just that..You see..I can't seem to purchase cheap shares in quantity..I seem to be fighting a trader daily that is able to move the ask up by placing a few trades worth around 6 bucks so they could then sell their pitance of shares a tick lower..Looks like cheaper shares will happen again..If not..I still have plenty..
Next up..
Etc to retail..
A new CEO that will stop this manipulation and degradation of the company..It is good to know more than some who use what they see on the internet as their only source of DD..Oh..and I haven't changed my posting name on ihub..ever..No need to do so..It is still...veno
Being a shareholder of record..I like the fact
that the company is taking the steps to move more to the retail side and that a new CEO will coming on to help in that move..
"The company has identified its candidate for its currently vacant CEO position, and the candidate is currently employed by the company. The company anticipates filling this position on or before January 1, 2011. The company expects continued debt reduction up to this date, and the new CEO will take the leadership role with a stronger balance sheet under better transparency. Two debts, one with BB&T and one with TCF have been paid in full and the company now owns the equipment. The company's focus will now turn to debt reduction with other traditional banking sources as well as direct debt reduction to five (5) individual debt providers. These debts total approximately $247,000. It is the company's goal to satisfy these private debt providers by April 2011. It is imperative that the company have a stronger balance sheet by January 1, 2011 to be prepared for expected opportunities."
"It is imperative that the company have a stronger balance sheet January 1, 2011"..
So we have a new CEO coming on with the retail side ramping up while debt is being paid off..We have two new product lines and have added additional employees..Sounds like significant growth for this company is coming to me...veno
I like these news items..
10/12/2010 12:59:31 PM
"The company has now completed over 1500 shipments to various Lowe’s stores throughout the nation. These shipments were 100% complete and on time. The company continues to produce and ship these products.
Production of the first bulk run of etc. brand cabinets is underway and will be completed in the very near future. Once product arrives at multiple retail locations, our dealer locater on easytoinstall.com will become active.
Production of our branded CIMA Cabinetry continues with shipments occurring almost daily."
Shareholders are always welcome to visit us 8-5, Monday – Thursday at 116 Shaver Street, North Wilkesboro, NC 28659
10/4/2010 3:47:49 PM
"In the past two weeks the company has shipped hundreds of displays with a value that exceeds $290,000 to Lowe’s Companies, Inc. stores around the nation. This project is ahead of schedule."
"Cima Cabinetry shipments continue, and production of etc. brand vanities has begun."
9/27/2010 10:06:14 AM
"Last week the company shipped hundreds of store fixtures valued at over $100,000 to Lowe’s Companies stores throughout the western and mid-western states. Many of these shipments have now been received at store level and will be on display based on the customers timetable."
"Additionally, Cima projects were completed during the same time frame. These projects had a cumulative value of over $15,000."
9/20/2010 10:19:05 AM
"Recently at our annual shareholder meeting, the company committed to provide more frequent updates regarding our business. As a result, here is our first recap of the previous week."
"Last week the company continued its work on the 20000+ Lowes Home Improvement Inc. project. Additionally, the company continued production of Cima related products, with production times improving as improvements are made to our production process. The company also received its first shipment of etc. brand packaging specifically intended for retail related etc. brand vanities. Raw materials for the first retail shipments of etc. brand products have arrived, excluding MDF panels, which should arrive soon. The company began work with a new customer, who’s brand is considered a household name. This company is listed as a Fortune 100 company. Additional information regarding this company will be made available if a material event occurs."
8/30/2010 9:43:41 AM
"The company recently paid off two large equipment related debts, one with BB&T and one with TCF Equipment finance. The company anticipates continued debt reduction in anticipation of a stronger balance sheet at the end of 2010. It is vital to the company to have an attractive balance sheet by January 1, 2011."
8/11/2010 4:02:00 PM
"The company is proceeding with it's production of Cima brand cabinetry. The company is producing, shipping, and billing just in excess of $4,000 per day worth of this product."
"The company is adding additional equipment, including but not limited to, a heavy planer, a heavy belt/drum sander, and a new dedicated rip/table saw. These items will be purchased from cash on hand, and no debt will be incurred, nor will any fundraising be necessary. With the delivery of this extra equipment (expected in the next 5 business days), and a few new team-members, the company intends to ramp up production of Cima products by 25% in the next two weeks. The company also expects to double current production within 30 days. The company currently has a 90 day plus backlog of orders for Cima brand products."
"While the company has met short term sales goals, the company has not met short term production goals regarding the Cima brand. The company is now making the aforementioned necessary infrastructure investments to meet it's business plan. Long term, the company's goal is to ship $30,000 per day worth of Cima brand cabinetry on a consistent basis. Shareholders are cautioned that this goal, while attainable, will most likely not occur in 2010. Shareholders should not expect significant profits related to the Cima brand in 2010. Shareholders should expect continued significant growth of this brand in 2010, and a significant contribution margin related to this brand."
"Additionally, the company will be opening a new Cima showroom located in our facility at 116 Shaver Street, North Wilkesboro, NC. This showroom will be open to the general public, contractors, and existing customers. Information regarding completion of this showroom, and other planned showrooms will be announced."
7/15/2010 4:03:30 PM
"Currently the company’s order file (orders in house) exceeds $500,000, with additional orders pending this week. Production of the company’s products will accelerate over the next 45-60 days as we fulfill orders for such customers as Lowe’s Companies, East Coast Millwork Distributors, GTO Inc., Kronotex, Clarion, Tarkett, Harris Teeter, and notable others."
I really liked the displays I saw delivered to LOWES..It is great that LOWES loves this company...veno
Really??
"The board would like an answer"..
I am a long term shareholder and I could care less..so please don't speak for me..It would seem that the majority of negative posts today on this subject implies they know for a fact what the loan was used for..Yet there is only opinion offered as proof and no facts..At least one in attendance at the shareholder's meeting has heard the loan has been paid down and the rest is to be paid off by April..Sounds good to me as the company is paying off equipment and other debt..
It would seem that the majority of shareholders could care less as well..You see it comes to that pesky anemic volume we have had and the fact that the majority of shareholders are holding their shares and not running for the door from this burning issue..That this issue is a big deal to only a few on this board..which hasn't bothered the majority at all..
Bottom line..If you like what the company is doing invest..If you don't..don't invest..If you want answers ask the company..
My answer to your question is..I don't care and I am still invested along with the majority of shareholders...veno
So..you also have inside information as to how
the loan was spent..It would be great to see that information..You have no idea what that loan was used for or you would supply the link..Thanks in advance for that information..as I am sure we would all like to see what was bought...veno
Really??
"If MGMT was doing everything they could then they would pay back the money they owe and use it to improve the business instead of their personal lives."
Looks like you might have some inside information that none of us have..Do you have a link to the management using any of the money they borrowed for personal use??
If not..your speculation on that matter is for what purpose?? You also have no idea if any has been paid back..
Lots of companies have lost money like crazy..Many are still losing money..I can name many that lost a hell of a lot more than EXPO before they started making profits..As far as propaganda..Go to LOWES and see the products for yourself..I did and I liked what I saw..
The fact of the matter is..if you are not an investor as you claim..
"I haven't been buying shares since this thing was over a penny"..
you sure are interested in this company..thanks for your interest in our company..Good luck with your buys under a penny...veno
Thanks but that doesn't provide any proof to the statement I made..
"There has been no proof by anyone that the company isn't legit and the management isn't doing everything they can to make this company profitable"..
If you have anything current to show my statement is false..please provide it..
As I said LOWES..Stanley and HD disagree with your assessment and product delivery is increasing..Production has ramped up and the company has acquired another company to add to the revenue while at the same time to help with the increased production..Those are all facts..Your conjecture of the company being a scam is not based in facts..but on your own opinion..Thanks for your opinion..but the majority of shareholders and shares being held say otherwise...veno
I guess you could add me to the list to those..
"that will call it the next great moneymaker"..
In fact I believe with etc going retail and new management running the company..that this company can become very profitable..
My timeline is not measured in days..weeks or even months..I have all the time I need to watch this company grow..
A few reminders..This company has ties with the biggest names in the industry..the new CEO also has ties with some of the same companies..The company has already delivered products to these companies and from what we can gather those companies are very happy with those products..
It would seem that the company believes that retail will now deliver what displays couldn't do on their own and that is help make the company profitable quicker in this economy..The company is paying down debt while at the same time increasing production and this is all happening while other companies are still cutting back or going out of business..
Some have questioned the ethics of the management..yet companies like LOWES..HD and Stanley do business with them with no complaints..In fact there has been no negative reports from anyone that has met the management and have toured the company..It would seem the only negatives I can find are posted here by a few traders..Considering the vast majority of shares are being held right now..suggests that the shareholders holding them believe the company is getting ready to move forward as well..In other words no one is running for the door and it would seem that three shareholders believed it was a good idea to buy restricted shares at a premium..
If it walks like a duck and the duck is legit..who cares if it is a duck?? Let it walk on..There has been no proof by anyone that the company isn't legit and the management isn't doing everything they can to make this company profitable..In fact it looks like the management is taking the steps right now to do just that..I am a long term investor and I believe that this company is just a few deals away from turning everything around..I wouldn't doubt by this time next year that the company will add even more employees to keep up with the increased production needs..Oh by the way..I like ducks..they are slow and steady...veno
Really??
"Wrongly.. you say there's no need for you to sell, did it dawn on you there's absolutely no one that wants your shares above this level"..
You mean at this time..don't you??
Because I have no intention on selling until the company is profitable and the pps is much much higher..I would suppose even after that occurs you will still be around to pick up my shares when I do sell..
On a side note..for any that go to LOWES..it is easy to just ask which displays are the new ones and ask when they were reset..There have been many pictures shown of the displays to look for by the ones that actually visited the company and took pictures..Oh and if you are really interested..you can ask as I did which ones are from D&D..The person I talked to was quite helpful in pointing them out..For any that need measurements and who are not invested..Measure them yourself..LOL..I do my own DD and I like what I see..
Having caught up on some past reading..I see that some can't fathom why a company would have a due date and that get changed without the company being the delay..Well..I can name a few..etc needs hardware which they don't make..It is very likely that shipments due in didn't arrive on time..Also..Companies can and do project dates when space will be available and those dates can change as well..There are a few more I can think of without EXPO the cause of the delay..In any case it is good to see that bulk production has begun..
itrader..you obviously haven't been a long term holder and investor..It would seem you are speaking of day to day trading when you have no idea where the pps will be this time next year..I buy and hold long and wait for the time I want to sell..I have been buying and holding this company for a long time now..If I would have sold today..I would have been in the green..Funny how that works even when you buy higher but buy a ton more when it is much cheaper..As far as selling to you now..which I am sure you would love to have my shares..it is not going to happen..I don't play for a pitance..I play for the whole pot...veno
Why..because of volume??
Many are holding and many have all they need..No need to sell and no need to buy more..I would say if the volume has dried up it is due to two factors..One there is no more dilution and two flippers can't flip when the pps doesn't move..Good luck and keep buying because at some point you will be buying my shares...veno
Really??
"As long as even JD's shadow lurks in the halls, investors will never fully trust this company...
Which investors are you talking about??
You certainly don't mean all investors do you?? You might be talking about some of the handfull of negative posters that post here regardless of whether they own shares or not..In any case the number that you say would be upset would represent what percent of the OS?? My guess is less than 4 percent..Now by my calculations that would leave around 96% or more of the OS that are held by others that disagree with your assessment of JD and Glenn and whether they should stay on in some capacity..In fact..everyone that I have heard from that has gone to the company has nothing but good things to say about JD..I have yet to hear from one negative poster about their face to face meetings with JD or Glenn..In fact..none have ever visited the company by their own admission..
Stanley liked what the company did for them..We have heard nothing but praise and about increased orders from companies that have worked with JD and Glenn..That would be with JD and Glenn at the top..
Like I said..I do believe now that the company is moving to the retail side..A person with retail experience should be at the top..JD and Glenn built up the relationships the company has with these big box companies and you want them to leave when etc is being considered for retail?? Being a long term holder and buyer of this stock..I don't agree at all with your thoughts...veno
Well then you obviously didn't read the whole PR..
"I don't see how you can conclude they are staying with the company from the statement that 2 board members are being added"..
"The current board of directors consists of 3 members (Glenn Harrs, James D. Brown, and James L. Kendrick) with expansion to 5 members expected by early 2011."
The term expansion does say that they are not leaving..
It sure looks to me like JD is to continue on in sales and marketing and I would imagine that Glenn will also continue to help the company in some manner..Anything else is pure speculation at this time..
Oh by the way..LOWES loves the company and so does many other top names..With new leadership and a positive balance sheet when he steps up..the prospects are looking very good for the company to continue to grow revenues..I also like the fact that they are providing jobs and growing while most companies are going under and or reducing jobs..
In any case your supposition that JD and Glenn are leaving is baseless at this time..I for one agree that neither has what it takes to lead this company forward with a new product like etc on the retail side..but they are the ones that did get companies like Stanley and LOWES to say yes..LOWES also increased their order while they were at the top..So as far as adding new clients..I believe they are a good fit..
It would seem that the company will be backing off on the display side and moving more to retail sales..A new CEO with retail experience with companies like LOWES and HD would fill that need and it looks like that person is already on board and waiting for everything to come together..
The company has set Jan 1st as that target date and paying off the debt..as they are doing..is a great start..
I also agree with 4kds that the first retailer to get etc will more than likely be a regional company..etc is just now starting production in bulk..IMO companies like LOWES will come when production can match the pace of sales in a big box store..However..LOWES could start with just a few stores close to the company and expand..So..I am just guessing..In any case it would seem that etc is far from dead as some have claimed and I would have to say that etc is one of the main reasons a new CEO was found..
As far as JD and Glenn..when you get confirmation that they are leaving please post it here..until then..the PR says no...veno
Nothing but pure speculation when suggesting
that any of the management has sold any shares..I can see the reason why one would post that speculation..Pure and simple it is to get others to sell their shares..That doesn't work for me and all the doom and gloom posts that I have read is nothing compared to actually seeing the products first hand..
A new CEO is coming on board and I just read that two new board of directors as well will be joining the company..If anyone didn't notice..the PR said that those two would be added..which means that JD and Glenn are staying with the company..Not running away as some here have suggested..
More sales are coming..along with retail and that means more revenues..Debts are being paid off which means more net income..The company is growing and it I could care less if anyone wants to disagree..
For a company that no one is interested in..it sure seems there is a lot of interest from those on the negative side..and a lot of interest from LOWES..To each their own..I am still in the green so no bleeding hearts for me...veno
It was great to see after my return that LOWES now has displays from D&D in all stores in my area..Very professionally done I might add..This time I got to see some new laminate displays as well..I see some here are still unhappy..Not me..LOWES loves EXPO and so do I..I can wait for full transparency to occur..The new CEO will come on with everything out in the open and with etc already in retail locations..
It is good to be back and by the way..the company tipped us off about the shift to retail sales and the move away from displays..It should be fun to see those retail stores start adding up...veno
Great update today..
I see all kinds of numbers being thrown around..Personally..I like them all..From a low of $175 per unit which would be $3.5 million up to $6 million..Either one sounds great to me..I believe what is important in today's update was the news that they are shipping ahead of schedule..
What is even more important is that the update said over $290K in two weeks and that is from just the one LOWES order..It doesn't include etc and CIMA residential or any of the other companies they are working with..
I really had to laugh at the equation which showed 48 units per truck..I have seen the units in the LOWES store and I could probably put 48 units in a passenger truck bed with a tarp over it..
Last week it was $100K..this week it was almost double the amount with over $190K more..
Oh by the way..the new tile displays I saw in LOWES were replacing the displays that were being discontinued..I would say that would represent about one fifth of all the displays of tile they had..That doesn't include the laminate flooring displays which at least one investor saw while visiting the company..Since it would seem that LOWES really likes what they are getting..I would guess that more orders should be coming as new displays are needed..
Someone keeps asking for a better math equation..I don't know about the rest of you..but the only one I have seen is hundreds of units resulting in $290K..The LOWES order is for 20K units..I don't see any other math equation given..nor have I ever seen how many truck loads of tile displays going out daily given..All I know is that $290K in two weeks is not a bad deal at all when we look at how much the company made for all of last year..I say keep ahead of the shipping schedule and bring in over $290K more in the next two weeks as well..
As far as the company using the term value..Sorry..they are displays..they have no value other than what revenue they bring in for EXPO from being produced..They are not for sale..I have seen the units in store and each unit has multiple tiles in different patterns displayed..You can't take them off and buy them..LOL..
Off on the road again and just checking in..This looks to be a fun week for EXPO and EXPH..sorry I will miss most of it...veno
Thanks for that update..
It will be great to see who that investor is..
With a new CEO coming on..as the PR stated that it is..
"imperative that the company have a stronger balance sheet by January 1, 2011 to be prepared for expected opportunities."
Love the word "imperative" in that statement..
Thanks again and I will try to check in from time to time if I can...veno
The shareholder that wanted control of the company back in March has had six months to accumulate shares..If that hasn't happened by now..I am sure it will happen by the first of the year..I do believe those shares will be locked up..That would mean that over half the AS will be off of the market..the rest of you can do the math as far as what that news will do for the pps..
I will be away until the 15th of October..I am long this company and no one tells me how I should invest..
Here is the news to come..
A new CEO that could very well also control the majority of shares..
ALL LOWES stores are getting updated displays from EXPO..
The company has resumed their milestone project with Food Lion..At least two stores have been completed..
2010..1st and 2nd quarter filings are coming..along with the management filing how many shares they still own and haven't sold..
Lots to look forward to..GLTA...veno
I do believe that once EXPO becomes current..
we will see all the missing FTDs show up..Interesting that the short sales data went from zero to over a half a million recently..but still no FTD update..I guess what I was given by both Finra and the SEC was correct..until the company files all their back filings they don't even know how many FTD's there are..
Not many days left until etc hits the retail market and like I said LOWES or another big box store shouldn't be too far off...veno
Nate..today I made a short visit to the other LOWES that is close by and checked out the flooring section..I looked around and didn't see anything new..I found an associate that worked in the section and asked if he knew of any tile displays that had recently been updated..He said that there wasn't any changed out recently..I asked if he knew when new tile would be displayed..He checked some papers on his desk and said that the next "reset" will be Oct 10th in his dept..He said that some of the tile displays would be changed out for new ones at that time..He showed me several tile displays that showed discontinued on them and said those items were on sale..So it looks like it depends on each store when the displays get changed out..I will check back after the tenth of Oct and see what is new and see if I can get an accurate count of how many were changed..GLTY and thanks again for the pictures...veno
Hey Nate..I saw the tile displays in LOWES today..
While I was shopping for some plumbing parts for a bathroom project that I am working on..I walked over to the flooring section to see if I could find any new displays..I looked around and didn't see anything that looked different..so I asked the person working there if any new displays came in recently..We were in the laminate flooring area and he said nothing new in this area..but he said the new displays that just came in were over in the tile section..He walked me over to that area and pointed out ten new displays..I looked at them and since there were many other displays there..I remarked that they they all looked new..He said that the ten new ones that they just changed out had new patterns and different tile than what they carried before..I asked if that was all that would be changed out and he said that they had a "few more to change out" and that they were in the back still..
So thanks for the (before) pictures as I got to see the (after) in the store..They are all off the ground and the wood with the tile attached to them are set into metal frames provided by LOWES..Sorry..I didn't see any new laminate displays and I didn't ask if they expected them to change as well..In any case the ten I saw looked great and the few more coming would put this one store with my guess of 12 to 15 total..
I guess I could hit the other store that is close by tomorrow and see if they have received anything new..Oh..and even though I tried to get my head up and under the display..LOL..I couldn't see the whole back side to see if they had D&D on them..I only saw a big number in red on the back of each..In any case after looking at the picture you have provided..they were like the ones I saw at LOWES..So if anyone asks does EXPO ever do what they say they are going to do?? My answer is..Yes they do..Thanks again...veno
I'll debate it with you..
"What if they have creatively dubbed those things "etc", and the retailer (to be announced) will be selling those eyesores rather than the replaceable front cabinets that we all regard as etc?"
"Anyone want to argue that this is not their plan?"
The vanities in the pictures we have seen are clearly from CIMA..etc has interchangeable fronts..the ones in the pictures clearly do not..ect can be used in the bathroom as vanities..it is what is being shown on the web demo..
http://www.easytoinstall.com/
Oh..and those vanities you call "eyesores" are what the rich put into their stately mansions..To each their own..but what you call eyesores are now going out the door are now an additional revenue producer for EXPO.. which means that others like what they see in the CIMA line..
Edit..Oh by the way..My LOWES has the new displays in..There where ten already up and the person working in the flooring dept said they had a few more to install..They look the same as the other displays but the flooring samples have been changed to a newer style...veno
That is your opinion and you are welcome to it..
One can blame the pps decline on many factors including manipulation and not be wrong..The fact that the company has not been up to date on their filings is also a factor but putting out financials haven't helped the pps in the past and probably won't help until the company can show a profit..I do see a change in the making and I believe it will be a significant change..The company has stated that they will be current and I have no doubt by the time the new CEO steps up they will be current..Right now I am more interested in the company reducing debt while retaining current customers and adding new ones..I want to see the company produce the 100 retailers for etc in the time given..I also want to see at least one big box retailer announced for etc by the end of the year..To each their own and I am a long shareholder here...veno
Nice..
9/27/2010 10:06:14 AM
"Last week the company shipped hundreds of store fixtures valued at over $100,000 to Lowe’s Companies stores throughout the western and mid-western states. Many of these shipments have now been received at store level and will be on display based on the customers timetable."
"Additionally, Cima projects were completed during the same time frame. These projects had a cumulative value of over $15,000."
"Shareholders are reminded that our sales remain very volatile, and despite numerous requests, the company will not offer a sales forecast."
Next up..the beginning of the retail placement of etc..Have a great day all...veno
I think I'll stay long..
A new CEO is coming on board and it looks like someone wants the majority of shares to gain a majority position in EXPO..If someone was willing to pay 25 percent more several months ago for the majority interest..then I believe he sees something you don't..
Couple that with etc going retail soon..Lowes increasing orders and the company reducing debt..I'll stay long as I said..You of course can sell what you have and find another stock that you do want to invest in..to each there own...veno
Actually I believe they will file the form 3's before the end of the year as they want everything out in the open when the new CEO takes over..The company said they would start the filing process as soon as the security device was in house..It arrived and two days later we got the end of the year 2009..I wouldn't be surprised to see the 1st quarter and maybe even the 2nd quarter filing with the first quarter 2010 very soon..I will have to add regular updates to my checklist as they did update us Monday on last weeks happenings..We will see if they continue..
A new CEO is coming and one shareholder wanted majority control of the company..The question is does he have it yet or is he still looking for some more cheap shares that were at a 25% premium to a date after March 23rd where the share price was taken down into tripple zeros??
Thanks again penny for your first hand update..It is great to see the company turning those stacks of wood into revenue from LOWES...veno
That is great that you now see they were Bill's of Laden..Of course if you would have simply looked closer at the picture you would see that Bill of lading is written right on top of the first form you see..You post that is was a dog and pony show??Well..I see it as the company proving that the "stacks of wood" are being shipped out as product..The shareholder's that attended the meeting got to see them up close..so there was no speculation..Oh by the way..as far as being shipped last year..They sure look to say they are for laminate flooring displays..Imagine that..I believe we also saw pictures of those items in production..If those are all to LOWES..I sure hope we get more stacks of wood..I like what I am seeing a lot..Thanks for the pictures Penny and the first hand account...veno
Maybe you should have attended the meeting and given your fist hand impression..My impression from what has been presented by the pictures from those that did attend is that LOWES loves this company which bodes well for etc...veno
Forward looking..
3/23/2010 2:03:27 PM
"A shareholder representing over 50,000,000 common shares of the company has tendered an offer for the controlling interest in the company at a 25% premium to market valuation on a specific future date. Accordingly, a maximum cap to the offer has been also placed by the shareholder. This statement is intended to inform shareholders of the offer."
8/30/2010 9:43:41 AM
"The company recently paid off two large equipment related debts, one with BB&T and one with TCF Equipment finance. The company anticipates continued debt reduction in anticipation of a stronger balance sheet at the end of 2010. It is vital to the company to have an attractive balance sheet by January 1, 2011."
"Vital"?? Could it be that there is a buyout coming??
As of 9-15-10..
"The Company anticipates retail availability of etc. brand products within 15 business days."
"The company has identified its candidate for its currently vacant CEO position, and the candidate is currently employed by the company. The company anticipates filling this position on or before January 1, 2011. The company expects continued debt reduction up to this date, and the new CEO will take the leadership role with a stronger balance sheet under better transparency. Two debts, one with BB&T and one with TCF have been paid in full and the company now owns the equipment."
"Funds were raised this year in anticipation of continued introduction of the etc. brand to commercial customers, and the planned introduction of etc. to over 100 retail locations by year end 2010."
"The company anticipates no change in its authorized shares, and no reverse stock split is a consideration."
very...eom
It would seem you missed these words tucked in between your pictures which could very well
be worth over a billion shares now..
3/23/2010 2:03:27 PM
"A shareholder representing over 50,000,000 common shares of the company has tendered an offer for the controlling interest in the company at a 25% premium to market valuation on a specific future date. Accordingly, a maximum cap to the offer has been also placed by the shareholder. This statement is intended to inform shareholders of the offer."
Now don't forget..I am sure that shareholder mentioned wants as many shares as needed to gain control..
Your pictures speak of what we already know..here is the future...veno
8/30/2010 9:43:41 AM
"The company recently paid off two large equipment related debts, one with BB&T and one with TCF Equipment finance. The company anticipates continued debt reduction in anticipation of a stronger balance sheet at the end of 2010. It is vital to the company to have an attractive balance sheet by January 1, 2011."
"Vital"?? Could it be that there is a buyout coming??
As of 9-15-10..
"The Company anticipates retail availability of etc. brand products within 15 business days."
"The company has identified its candidate for its currently vacant CEO position, and the candidate is currently employed by the company. The company anticipates filling this position on or before January 1, 2011. The company expects continued debt reduction up to this date, and the new CEO will take the leadership role with a stronger balance sheet under better transparency. Two debts, one with BB&T and one with TCF have been paid in full and the company now owns the equipment."
"Funds were raised this year in anticipation of continued introduction of the etc. brand to commercial customers, and the planned introduction of etc. to over 100 retail locations by year end 2010."
"The company anticipates no change in its authorized shares, and no reverse stock split is a consideration."
It is time that is put to rest..
No AS or RS was anticipated last year because the company expected etc to go private and to be in retail stores..EXPO was to be on the receiving end of the production of the cabinets..The private deal didn't happen and etc didn't go retail..Well now the company is anticipating no AS and no RS..That would be because etc is going retail and debt has been reduced..Things happen in business and last year the economy was a big factor in all business decisions..The company is growing and some just don't like that fact or want it known..A new CEO is coming..Lowes loves this company and has increased their order from 2000 units to over 20,000 units and there is a good posibilty that one investor could have or is getting a controlling interest in the company..The majority of shares are being held tight..All good things that some don't want known as well..Some are bringing up another point that maybe happening..Considering the company wants the everything in order by Jan 1st..a buyout could be coming or the company could go private..Lots of good things are happening and changes are coming..I am long this company...veno
Well if it is "jmo"..
as you say..why is my post wrong??
"WRONG ... the company's own art is cited as Prior Art against it after one year.
jmo"
It would seem you don't know the facts and are speculating as many did today..However..if you would like to call and ask the questions I did today on the subject..you may find out exactly what I said is in fact the truth and not speculation..
Oh and thanks for this earlier today..
"And it was never shorted to any significant extent."
http://www.otcmarkets.com/stock/EXPH/short-sales..
You may want to also call Finra and the SEC on that one as well..Seems they have no idea what the FTD's are for more than a year now on EXPH..Oh and I also believe you have to short a stock to get an FTD to begin with..Seems TDA got caught without the certificates they needed to back up all the buying and selling that was going on..
It is good to see a new poster here that has so much "Prior" knowledge of this company..If you are looking for the next 5 to 10 bagger..look no further..EXPH has done that several times now..It will again and more..
It was great to see the Gross Profit at the end of the last quarter for 2009 and the G&A expenses go down..You should know that a new CEO is coming on or before Jan 1st..and that LOWES loves this company..That bodes well for EXPO's product etc as it due in over 100 retail locations by the end of the year..Lowes is on top of many investor's lists as just one company that will carry etc..
So GLTY in your investing..This one will go up again and when some of the above is announced..I don't believe it will be coming back down..as you say.."jmo"...veno
Nice..I see the company reported a gross profit
for the last quarter of 2009 and that G&A expenses were also down from 2008 a little over $138K..Looks like the economy..the delayed orders and cancellations due to the economy played a major part in the overall revenue..All the while the company tightened its belt and stayed alive while others vanished..
Now however..etc is going retail which was expected last year and the company has acquired a new company BC with a back log of orders..Lowes has raised their order from 2000 units to over 20,000 and a new CEO is coming on board while the previous management is stepping down..The new CEO may also have over 1 billion shares locked up if he turns out to be the investor that wanted to buy shares at a premium to gain control of the company..The thing is..whoever that is..might not have the shares needed yet to take control..Since we have until Jan 1st or before to wait for that good news..to buy even more shares on the open market at a lower pps I am sure will be much appreciated by him to gain that control..
Did anyone even think that this individual would love to pick up anyone's shares on the cheap??
Everyone keep up the negative posts about the previous CEO and what he promised..I am sure that posts like that is well apreciated right now by the individual seeking control..
Some think that JD doesn't know what he is doing..I'll bet he knows exactly what he is doing..
Oh..and the many posts today about the patent are a non-event..the company can file for a non-provisional patent pending on etc anytime they choose to..Also prior art and intent goes a long way..I would look for an update on that instead of the speculative posts..A little DD always helps when speculation runs rampant..
I am long this company..the day to day trading means nothing..We go up we come down..what we won't do is stay down..The posts today were quite entertaining..
I would exclude Nate from that and thanks again Nate for the pictures and the time you took to do some real DD..It is great to see the company producing..Losses will turn to profits soon enough...veno
It could happen..A halt..when there is a trading imbalance caused by the announcement that LOWES..HD or Mennards is or are now carrying etc..It also might happen if a shareholder says he has the majority of shares..TDA wised up because the share count didn't coincide with the certificates..I am quite happy they did..as it cut off many daytraders..We see them frequently say they can't buy in through TDA..which also means they can't short sell it through them or wash trade their accounts with shares they didn't have as was happening..
Place your bets on what is announced this week and when it will be announced..Transparency has started and it is under the control of a new CEO...veno
Thanks for replying..
However I don't see any rebuttal to the majority of my post..so you must also agree that one shareholder is or will have majority ownership by Jan 1st..
Edit..Since I am limited in post..I'LL answer your reply to this post here..As I stated when I made the checklist..I will check off as each item mentioned is known..I don't agree with your assessment as I believe that new ownership is already calling the shots..
I still don't see any rebuttal to my scenario that you can prove differently..
Again..I'll check back with you as my checklist is marked off..Until then to each their own and I am still long this company...veno
I think it will be announced that a shareholder
has a controlling interest of the company..If that turns out to be Mr. Kendrick and he is also announced as the new CEO so much the better..I saw where someone said very few people are behind the company now..I would totally disagree as the volume of shares recently traded have not come near the AS and as indicated by several posts here are mostly shares bought and sold short term..In other words the same shares are just going back and forth through short term traders..while the longs are buying on the dips and holding..Which still means the majority of shares are being held..Since there is so much more interest now and more posts to go with that interest..I would say that many want the pps to go lower so that they can buy more shares to trade quickly with..I believe that the number shares traded daily speak for themselves..even on a day when 100 million are traded..those being sold are being bought..Just because a handful of posters on this board are negative against the company doesn't mean that all investors are negative..In fact I have seen new posters here saying negatives that have never posted before..Makes you wonder why the sudden interest??
To each their own..but transparency started last week whether anyone wants to believe it or not and by all indications..considering what was in the filing..the company didn't need to post them at all..They are still an elective reporting company and they could have gone on forever not posting anything..As we move forward..I bet we see more filings..
Try out this scenario..
Come Jan 1st or before one sharholder files that he has a majority of the shares and they are restricted..regardless of what has been said or what anyone believes..that would take out over half of the shares the company has for trading and even more with others holding restricted shares as we did hear that form 3's would be filed..That would inject a very strong feeling to all investors that at least the controlling investor believes that the company is worth much more..Just a scenario..but compared to someone saying the company still isn't being transparent..it's a wash..
I have presented my check list for all to see and I will be keeping score..Traders can only use past filings and nine month old filings for that matter..for a short while..until new ones appear..I expect we will see 1st quarter 2010 quickly and from all indications from what was said..which by the way could have been held back..it will not be that great either..
"Sales were considerably lower than the company expected due to order delays, cancelations, and a sharp drop in sales for the months of July and August (2009). 2008, 2009, and YTD 2010 have been difficult for the company in terms of unpredictable sales"..
On a side note..My take from what was updated to us..is that etc might have several retailers intially close to home..
"The Company anticipates retail availability of etc. brand products within 15 business days. Initial retailers will feature vanities in a variety of premium designer paints and glazed finishes."
Since Mr. Kendrick talks in terms of retailers..I would say that some smaller companies are also lined up..
Later in the same update..
"The company overviewed its 2010 sales / financial plan. Funds were raised this year in anticipation of continued introduction of the etc. brand to commercial customers, and the planned introduction of etc. to over 100 retail locations by year end 2010."
To me that speaks to the big box store as it doesn't mention retailers but to over 100 locations..
Now unless Mr. Kendrick has already been on his horse to just about every small retailer around their area..that number would be not only hard to get but hard to find..I would love to see a company like LOWES..HD or Mennards announced first..but I think that is still coming before the end of the year to represent the over 100 locations..If they annouce a big box store withing 15 days..I won't be sad at all..
Again to any that attended the shareholder meeting..I would like to know if the two from SC were there..or the landlord or CM?? For that matter I would like to know how many shareholders attended that were not a part of the company and what context the number of over 1 billion shares represented was extracted from..TIA...veno
Track the trades since the update that a shareholder wanted to get controlling interest..First look at the pps before that update and also the volume..
http://ih.advfn.com/p.php?pid=historical&symbol=EXPH
Go back to March 23rd and see what happened..
Also JD updated us that he would be stepping down just 6 days before on the 17th..
Here is the sequence of events..
3/10/2010 10:25:50 AM
"The Company has decided to cancel its efforts to issue a private company dividend."
"Yesterday, the company submitted the necessary documents to raise its authorized shares by 10% to one billion one hundred million. The change was submitted in anticipation of the need to raise capital to support it's 2010 initiatives which now include the etc. Brand. Additionally, 10,607,782 shares have been issued to a private investor."
One week later..
3/17/2010 11:18:50 AM
James D. Brown, CEO, stated, "I will be stepping down as CEO on May 1, 2010, and will intensely focus my time and attention on the sales and marketing portion of our business.
Less than a week later..
3/23/2010 2:03:27 PM
"A shareholder representing over 50,000,000 common shares of the company has tendered an offer for the controlling interest in the company at a 25% premium to market valuation on a specific future date."
Less than three weeks later..
4/12/2010 3:47:06 PM
The company has raised its authorized shares by 250,000,000 shares for a total authorized of 1,350,000,000.
One month later..
5/12/2010 9:12:00 AM
"The company has increased it's authorized shares to 2 billion from 1 billion 350 million."
All the while that pps goes down and accumulation soars..Meanwhile..the updates talk of restructuring loans and credit lines..
IMO..the company decided to let the private investor gain control of the company while taking the cash from him to get the company in order..Now if you wanted that to happen..would you do things such as be more transparent about form 3's..that may cause the pps to climb and not allow the private investor to pick up all the shares he needed??
All of this is pure speculation..but it all makes sense..It would seem that the private investor wanted the majority stake in etc the spin-off and when it didn't happen..He decided to help keep the company going while gaining a majority interest at the same time..Therefore all the restructuring of debt and loans being paid down since the spin-off didn't happen..
Spring..I spoke of certificates matching the the actual AS count..not just the numbers they believed they had..IMO..4ks is right and those numbers are still off...veno
Renee..Although I do agree with part of your post..
"Not only was there NO PROFIT but there were " substantial losses "
I do not believe that JD or any other insider sold any of their shares..
"To any logical mind it MAY appear that the insiders , particularly JDB and G.H. , may have sold a portion of their purported but UNPROVEN Restricted Common Shares during the 1.714 BILLION volume"
I have now looked at trades since the update that one shareholder wanted to gain a majority of shares of the company..From the time of the anouncement for a very long time the pps went down and stayed in the tripple zeros..The volume traded during that time increased greatly..It was during that time that the AS also increased greatly..
My opinion is that either the company increased the AS to try and block that from happening or more than likely they increased it to allow it to happen since the private dividend didn't happen..
In order for the dividend to occur all of the shares needed to be accounted for and that didn't happen and when TDA was asked for certificates they couldn't be produced..IMO..One reason why TDA still isn't allowing buys..
I believe that JD and Glenn are both stepping down because they have been asked to..That Glenn started the side business knowing what was coming..I haven't seen or heard anything that would make me believe that JD won't stay on as one of the lead sales positions..
It is important to know who attended the shareholder's meeting..Specifically if the two from southern Candle, the landlord and CM was there..The company said that at that meeting..that over 1 billion shares were represented..I would like to know how they knew that figure..
As I said before..the accumulation of this stock has been straight up and though 4kds has posted numbers of who owns what..the majority of those are non-restricted..She may well be right that there are more shares being traded than what the AS shows.. since there was great difficulty getting the count on the shares for the dividend..
IMO..one reason..other than what has been stated for the 2009 filing not being audited..could be that one shareholder is getting a controlling interest in the company..That is why it is "imperative" that the company have a clean balance sheet by Jan 1st or before when the new CEO steps in..
I for one don't believe that JD or Glenn have sold any of their shares..However I do believe that the reason they are stepping down was not their thinking but more of a mutual agreement for what would be better for the company...veno