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James D. Brown, CEO, Stated:
3/10/2010 10:25:50 AM
The Company has decided to cancel its efforts to issue a private company dividend. Expo Holdings, Inc. will instead focus its attention on operating a division under the parent company Expo Holdings, Inc.
James D. Brown, CEO, stated, "After careful consideration, the board of directors has agreed, to cancel any efforts to issue a private company dividend. Unforeseen difficulties in this process have prompted this final decision. Originally, the company intended to raise funds privately."
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. The current shares outstanding is 1,000,000,000. Guardian Registrar & Transfer, Inc. our transfer agent may be contacted after today at 954-915-0105. The company anticipates meeting with several current shareholders to arrange additional private placements.
Shareholders are cautioned that the company continues to anticipate volatile sales and performance in 2010.
Sure, FINRA lies about their own reports. Try calling them and asking the correct questions. The statements you are supporting have been widely discredited throughout iHub and most other stock boards...
Yes, those pesky explanations of the actual meaning of their published numbers from FINRA themselves just can't be trusted!
"q3 and q4 coming out hopefully soon. Give it a chance. Then chase the pps upwards imo"
I liked this one posted today!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47616966
"The FINRA numbers are, no matter how you slice it, in effect still shorts."
Absolutely not... FINRA daily short volume is 100% totally different than actual shorts of a stock.... There is no connection.
To plagiarize someone on another board: FINRA daily numbers are like counting the number of people entering a shopping mall, not counting those leaving, and later publishing a report that they are still all inside after the mall has closed.
I can't possibly explain it any better than it has already been explained here...
The FINRA daily numbers are utterly meaningless... PERIOD... CASE CLOSED!
It is coming up on the 6 month anniversary of the site's launch!
"Don't bother sites like American Bulls. They base their recs on chart action."
Agreed. I have always maintained they are beyond useless for stocks that trade like EXPH. 300 shares at the close can trigger a buy or sell rec.
I guess American Bull changed their mind pretty quickly, huh? EXPH cut to HOLD.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=EXPH&MarketTicker=OTC&TYP=S
"BUT I'M SURE WHOEVER BOUGHT EXPH IS GOING TO MAKE $$$$$$ ON HIS OR HER INVESTMENT!!!! "
That's funny, the rest of us longs have our knees knocking together waiting for the next shoe to fall... what do you know that the rest of the EXPH world is not privy too?
"All JD ever said was those were pictures of ETC. cabinetry, not they were the removable face cabinetry line."
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?
The takeaway from that conversation should be:
"Market Makers (MMs) generally don’t want to hold their naked short positions because they don’t want to expose themselves to the risk because it costs too much for them to cover if the stock starts going up."
C'mon dude... everyone knows Americanbull is useless...
EXPH players having trouble finding anything legitimate to discuss?
"what the hell kind of short is that? Surely the word "actual" would apply!"
Maybe and maybe not... an ACTUAL short will show up... but so will a momentary imbalance in a market maker's position... which IS NOT an ACTUAL short!
A few flurries do not make a snowstorm!
Spring,
I have posted here that I have vast patent knowledge and hold many patents myself. Let me give you my 2 cents on the subject.
Public Disclosure is extraordinarily black and white. If you do something with your invention that meets the criteria for public disclosure, you have one year to file a patent in the US and Canada (and a patent has been already lost in the rest of the world)... after which you simply can not get a patent and your invention is public domain and anyone can use it. This part is indisputable.
There are two questions that need to be answered:
"Did Expo publicly disclose the invention prior to the patent filing?"
"If so, when did Expo publicly disclose the invention?".
I'll try and cover these 2 questions this weekend... time permitting.
All my posts regarding patents are IMO, and one should consult with a patent attorney for confirmation before considering it as fact.
Patch,
What you post is 100% correct. I had a similar lengthy discussion with FINRA and received the exact same explanations. The answers they give are only as good as the questions asked.
"investors are completely misrepresenting what the data is telling us and that was a concern to me."
And me as well. The FINRA daily numbers coupled with the monthly numbers and a lack of FTDs in a security DEFINITIVELY prove there is no short position naked or otherwise. This is a clear "case closed" scenario for those who spread false tales of shorts depressing the prices of their individual stocks.
"So you sell shares you don't own and buy them back at a lower price. Isn't that the definition of shorting?"
Sort of... except there is no betting the shareprice will drop before buying back... which is what actual shorts do.
Someone wants to buy 500k @ $.002 at the ask. Someone wants to sell 500k @ $.0017 at the bid... The MM immediately executes both and pockets $.0003!
Oops... just generated a 500k short per FINRA!
These are not shorts... just Market Makers doing their job!
"is based on short positions held by members on the settlement date of the 15th of each month."
What point do you feel that supports? I REALLY don't understand...
Is that supposed to construe proof of the existence of an actual short position?
"nope i didnt say that"
I'm asking for an explanation... I HAVE NO IDEA WHAT YOU ARE TRYING TO SAY!
I do too!
Why do I have no idea what point you are trying to make?
You are saying that MMs (or others) short all month long and then cover at the end of the month or something? I came into this discussion late... bear with me!
Whatever.
Was anything that I just posted incorrect? Please enlighten me...
You lost me there...
"SEEMS SOME ARE suggesting that all the short volume in the daily reports ARE MM shorts"
Suggesting? In MOST cases, virtually all of the FINRA daily *short* volume is MMs doing their jobs... filling orders for people wishing to buy and sell shares! Are you afraid to call them? FINRA will tell you exactly that. Sure, there are exceptions... but unless a short position shows up in the monthly numbers or there are FTDs... NO ONE IS SHORTING!
FINRA publishes these numbers.
FINRA will tell you these are not actual shorts.
So your hypothesis is that FINRA is telling the truth when they publish the numbers, but lying when they tell you what they mean?
What is gained by spreading false information about these FINRA numbers?
FINRA Daily Short Numbers - Defined by FINRA
I just spoke with FINRA to *officially* confirm what some of us had posted before regarding the Daily Short Sale Volume File that is thrown about here as evidence of shorting and/or naked shorting.
In a nutshell, the daily short numbers represent only one leg of a transaction. As I've stated before, MM's want to be flat or net neutral (i.e. not long or short). If you place an order for 1M shares, they generally don't have 1M shares in their account. So they will then sell you 1M shares to fill your order (which shows as 1M short), and then buy 1M to offset it. However, the 1M short report is not negated. So, in theory, seeing 50% of the daily trading volume reported as short in a pinkie should be no surprise and is of no consequence... just MMs doing their job and providing liquidity.
Additionally, if the Monthly Short Sale Transaction File does not show an increase in the short position... there isn't one... period!
We also discussed the FTD numbers. With no reported FTDs, and no increase in FINRA's published Monthly Short Sale Transaction File ... THERE IS MINIMAL (IF ANY) SHORTING GOING ON... PERIOD!
The EXPH short selling myth (including NSS) is officially BUSTED...
I invite anyone to call FINRA and confirm what I have presenting here.
"LT shareholders have choices .. i choose
to file complaints and call compliance
officers of every MM i see collude with
Knight securities and put them on notice "
So we are approaching the 6 month anniversary of this post. What has been the result of those complaints, phone calls, and the *notice* that you put Knight on? All I've seen is a 90+% reduction in price and 2 brokerages refusing to accept buys...
Seems that that would have been an easy clarification and not have resulted in today's massacre... no? What happened to the shareprice today was appropriate based on the news... IMHO!
So what do we learn from that info everyday? How do you suggest an investor use it?
I can think of a positive explanation for today's news...
Let's say JD signed an exclusive with a national retailer yesterday? I'm not saying that that is the case... but it is a *possible* explanation for the reversal...
"Based on todays PR, we will in the next few months be sitting on a holding company that will be the parent company of FIVE revenue generating, profitable entities that is uplisting to the BB. A company that by the end of the year that should be generating revenues in excess of 30MM a year and 40MM in 2009."
Wow! $40M in 2009! Wait... That is off by an order of magnitude! Where did these numbers come from?
And I have to admit confusion on these other 4 companies... there is D&D, and ????
"oh my .. anyone really believe they hold shares"
Why would AUTO hold shares, they are a MM? Do you understand who ATD is and how they work?
"The start of a new business venture with a nation retailer"
Would you really call WW a retailer?
"I recently remodled my bathroom and the cabinets Menards had were crap."
They do have crap cabinets, but they have several different stock lines, some of which are much better. The larger Menards stores have a wider selection. Additionally, they have some really nice special order cabinets if you don't need it that day. The retailers sell what the customers want and actually buy. It is hard to make a comparison to etc cabinets since we know almost nothing about construction, quality, or price.
From the recent website update I read this line: "Additionally, a continued results driven B2B relationship with Thorsport racing is expected into the foreseeable future."
Can anyone explain what that means?
Anyone have any idea what that is on the webcam?
"there just arent many shares available at these prices.... "
Really? 2,130,000 traded so far today at $.0022. Seems to me like there are plenty... What am I missing?
"the info of the short volume done daily
can be confirmed by calling finra directly"
Sure, but that is not *real* and is only *technically* a short position...
And the ACTUAL short position (from pinksheets.com) as of January 29th is only 181,131 shares... or less than $500 worth...
There is no current naked position as of the end of January as is easily found on the SEC's FTD site.
http://www.sec.gov/foia/docs/failsdata.htm
This is not a gray area open to interpretation...
"there will be and will always be a difference of opinion on this "short position" topic but by the now reported FINRA numbers we know it exists...... "
It really is not about opinions at all. It is about interpretation of published facts... correctly and incorrectly...
Are you saying that JD now is telling investors that he believes that there is a substantial short position in EXPH???
"and from the level you mentioned to todays pps, that is almost 100% gain. "
Uh...no! That is called a 95% loss!
I'm long EXPH shares and want to see the price go UP... but I won't distort the facts to accomplish that...
"but a great buying opp for those not in yet."
It was posted that EXPH was a great buying opportunity at .03+... and .02... and .0125... and .01... and .007... and .005... and .004... and .003...
EXPH traded at $.0015 yesterday do you realize that? I do... and I'm POed! The Good Ship Lollipop has set sail...
"said he will be in silent mode for awhile."
When did he say that? You are mistaken.