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"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?
What isn't talked about?
Fair enough. We disagree.
Can you support the "most all" statement with a link? It may be true, but NASCAR sponsorship falls in line with generic products... trying to appeal to everyone.
Where I live we make jokes about NASCAR and wonder what people see in it... go figure? Then again few stores north of the Mason_Dixon line sell pork rinds "cracklings" neither! Must be a regional thing.
GLTY
"when it comes to a stock's pps being manipulated"
I thought that all EXPH manipulation theories had been totally proven incorrect with facts? Did I miss one?
"When the guy that can get you into Lowe's as a supplier comes to you"
I thought he already had an in with Lowes? Or did you mean Menards?
And an introduction is far different than getting you "in", no? So if one wants to sell product in a major home improvement retailer, all you need to do is sponsor a truck? I think not!
"Jd focuses on SALES and MARKETING- GOOD"
Good... if it doesn't mean spending more stockholder's money on any NASCAR races...
"smart move imo.."
At this point, what else can be done? The term "backed into a corner" comes to mind...
New CEO comes in, posts the truth on all fronts (hopefully), blames the shortfalls in promise vs. reality on JD, and asks for a clean start! Buy, Sell, or Hold depends on who they can attract to take this position. If we see Harrs put there, I know that I'd take that to mean that no one else would take the job...
That said... I can assume that we need to brace ourselves for some pretty bad news...
Will JD pay back the money that he owes the company now?
SBB, I think you are wrong about this event. $12 - 18K is beans, and likely any of a dozen large holders took the opportunity to buy at a discount. What you say is true in general, I just do not believe that it is in this case.
"First off, I owe no one any answer, especially you."
What is that supposed to mean? What did I ever do to you?
"ETC is a cabinetry company, they produce bath vanities, kitchen and garage storage cabinetry."
Are you disclosing nonpublic information that JD plans to market all cabinet sales (including the remains of 1st Choice) under the etc. name whether or not they have removable faces? If that is his strategy and it is public info, please provide a link for the board!
If true, that is a poor marketing decision in my opinion! Branding is important, and the etc name is inappropriate and confusing to apply to non-"transitional" product. Besides, if etc is destined to be selling $100M soon, why even bother with the other cabinets?
"Do you want them to form an entire separate corporate entity to produce non-removable face cabinets?"
Why not just continue building the other cabinets under the D&D name?
Just thinking out loud, but this approach baffles me.
"Do you realize raw materials have to paid for BEFORE they are shipped?"
Wait, but doesn't EXPH have a $1M line of credit??????? I read that in JD's PRs...
Why doesn't JD just tap his $1M "line of credit"??? You KNOW the answer.
OrdinaryGuy,
I'm still looking for an answer to this question:
You wrote: "All JD ever said was those were pictures of ETC. cabinetry, not they were the removable face cabinetry line."
And I asked: Since when is there a version of etc cabinetry that does not have removable faces? How are they transitional (as in e"T"c) if the faces don't remove?
Do you have a link Choir?
I haven't seen the camera working in some time either, but I admit I don't try every day. When was the last time someone saw it working?
"today's tape goes to the SEC
*ENFORCEMENT DIVISION* where i'm still
waiting on a callback from a question
posed a week or so back ~ "
How about the rest of the complaints that you filed over the past 6 months... heard back from them on any of those yet?
30-50% off is what I'd expect under the circumstances, also.
What I want to know is if Q3 and Q4 were even moderately profitable (I'd expect that on $6M in sales), why would they need cash so badly that they would max out O/S for pocket change... and then plan to PP another 100M down here?
I will say this though... a PP is much better than selling openly... IF the shares are restricted.
So is anyone here going to approach JD about the PP?
For the right price I'd buy 10M shares... but he'd have to answer a few questions first...
Anyone care to speculate what this means for 2010 guidance?
"Shareholders are cautioned that the company continues to anticipate volatile sales and performance in 2010."
"These numbers tell me one thing. The MM's manipulate 2300 stocks daily, shorting and covering for profit."
Funny, if you call FINRA... they'd tell you that the numbers that they generate don't mean that at all...
"I WOULD BE PICKING UP 10 MILLION SHARES TODAY ALONE."
TAKI... If you are serious this time, I'd suggest buying them via PP!
"THERE IS NO DILUTION...
ALL ONE HAS TO DO IS PICK UP THE PHONE AND AND ASK...."
Well, I guess that advice didn't work out so well, huh?
Good question. I'd like to hear what the discount was to the current price as well as find out if they will be restricted! They better be restricted!
"It seems JD is just raising enough capital to continue business"
If cash was needed, what does that tell us about Q3 and Q4?
Release the quarterly numbers already!
No trades at all today in 2 trading hours?
Looks like *DD* only goes so far...
I guess we can put to rest the story that the Divy was the cause of the gagged TA...
Looks like quite a bit of crow to go around here...
FWIW, I'm happy he cancelled the Divy and I'm happy the increase was only 10%.