Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Soundboard..One Voice's patent does not cover
searching TV channels..It is the mobile application that is being challenged..Google created it in 2008 and is now being used on the iphone and Android..Google originally applied for their patent and it was denied based on one One Voice's patents..They re-applied and it was accepted..The challange is that although accepted they are still using One Voice's patented process for search..
I do believe that One Voice has found at least one more company that is also using the voice search feature without a patent..The companies involved in the private patent sale are..Google, Microsoft, Nuance, Intel, Matsushita, SAP Aktiengesellschaft, Phoenix Solutions, and VoiceBox Technologies, among others.
Mr Becker the CEO at ICAP confirmed that he was personally handling the sale of the patents for One Voice..
Dean Weber will not give out any information until the sale is completed..Hope that helps..
I personally believe that Google's Voice Search technology is pigeon crap without One Voice's Patent being used..Here is an illustration...veno
http://www.google.com/technology/pigeonrank.html
Good question Gold..I would also like to know
who was at the shareholder's meeting besides the ones that have posted here and the ones that were introduced..Specifically..were the two Southern Candle men there..Was either Carl Malone or the landlord there and what prompted the annoucement that over one billion shares were represented..If anyone has this information..it would be greatly appreciated...veno
Stock_Barber..My thinking as well..
From Sept 02
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53979324
"Really..the "focus" right now should be on who the new CEO is going to be and what background he or she will bring to the company..I am still betting on a industry person that knows the business and who has the ties already in place to keep the new business coming.."
"I do like the new addition of Mr. kendrick to the company and the solid industry leading contacts he brings with him.."
"James has served such customers & brands as AW Sperry, Monster Cable, Mills Pride, Liberty Hardware, The Home Depot, Lowe’s Companies, and many others. James most recent accomplishment was a retail program launch in the electrical department at The Home Depot completed earlier this year. The result is millions in revenue generated for both the customer and the retailer. James has over 24 years experience dealing directly with decision makers at the top retailers & retail distributors in the US.
"I have wondered since that announcement if he wasn't the one seeking majority ownership of the company mentioned months ago..It would be nice to know how many shares of the company he owns and what pps they were bought.."
From Sept 08..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54203803
"Here is my speculation..Not only is mangement holding a ton of shares..but the new CEO will also have a ton that are restricted..Now to really speculate..I wonder if the new board member may have been the one looking to gain control of the company and also has a ton of shares??"
Now with both JD and Glenn stepping down..I do believe that someone has or is about to have a controlling interest in the company..In fact I was taken back by this statement made by JSB from the meeting..
"There were over a billion shares represented in the room. 3 big shareholders holding over 500 million were not there."
I know some have discounted that statement..but if that was a known figure by the company and was told to the shareholders that would mean that someone has or is close to having the majority of shares..
Now kendrick was not there for the meeting..but was there by proxy as he was quoted..
All of this is speculation on my part..but I have been wondering about who that person was when it was first announced back in March and everyone seemed to drop it when nothing else was mentioned..
All pure speculation on my part..but now you are also seeing what I have been trying to piece together since etc was dropped from being a dividend..I do believe that a person was going to privately help fund etc (could have been kendrick) and when it fell through..he just said I will then get majority ownership and take control of the company..Which I believe is what we are seeing happening right now..Notice also how at one point Kendrick is the new board member and from the shareholder's meeting PR he is not listed as a board member but as..
"Mr. Kendrick (not present),product manager etc. brand, product manager economy pet program"..
There have been many posts and charts shown about how the accumulation line has done nothing but go up for a long time now..2+2=4..My guess is Kendrick is the new CEO with controlling interest or about to get it..If he doesn't have control of the company..someone in that room at the shareholder's meeting that was introduced is the new CEO and does have control and is calling the shots and no I don't believe that person will be a pawn of JD or Glenn because they don't have to be..We shall see..
edit..I do believe that a vast number of shares of this company are all being held and are still being accumulated by the ones at the top..Two missing from the meeting are easy..The two from SC..the third still could be CM..GLTA...veno
Well..It sure is good to see the company do what it said it would do and start the financial updating..I would say that two days qualifies as soon as was stated..Since I have read numerous posts that have said the company has never done what they said they would do..I will go with that old assessment and start the new one now..I will watch for what was promised in the last update and tally them as they show up..
It is great to see all the posts about the 2009 numbers..The thing is..we are now in Sept of 2010 and those numbers mean absolutely nothing now..
I see all the remarks about JD..which also means absolutely nothing now..as a new CEO is coming on to take over..From what he wants to occur before he steps up..I can't find any fault..
Many said etc was dead..It obviously is not..CIMA seems to be producing well and now the company has another product from the left over scraps..
Once again..no one tells me how to invest or can scare me away from an investment with what happened in the past..
I see the company changing very quickly and by their own admission changing more to the retail side..I like what I see for the future of this company..Oh.. and JD did say in the July 09 CC that quarters 3 and 4 would come from a large portion of their effort from "retail implementation" of the "new product"
That of course was etc and etc didn't have any retail home for that period..
I look forward to counting what the company does from now on as far as meeting what they say they will do..Changes are happening.. Anyone that wants to keep looking in the rearview mirror as the company moves forward..To each their own..
Here is what I will be tracking..
1)"retail availability of etc. brand products within 15 business days"..
2) New easytoinstall.com within same time frame..
3)"the company is introducing to retail a new economy pet program".."The company currently has commitments for three retail locations, and expects this to expand to over 20 by year end"..
4) A new CEO to take over Jan 1st or before..Status..From the company..already employed by the company..Not confirmed..
5)"The companys 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 companys 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."
6)"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."..
7)"The company anticipates continued demand for our Cima brand products and expects to deliver over 24 major projects by year end related to this brand."
8)"Additionally, a Cima showroom will be completed by January 1, 2011"
9)"The new dddisplays.com should be launched on or before January 1, 2011 ."
10)"Glenn Harrs , and J.D. Brown will be stepping down from their current positions on or about January 1, 2011 ."
11)Glenn and JD will file form 3s..
12)"Management expects to begin updating its financials with pinksheets.com as the OTC iQ SecurID RSA Key has now been received."..Status..Started..
As of now the company did begin updating its financials..so they are off to a good start...veno
I think not..
"If they put the cabinets in a 100 mom and pop hardware stores"
"ETC will be in the 1st retailer in 15 days and in 100 stores by the end of the year. The retailer was not named. All that was said is that the sell building materials, hardware and are home centers."
Mom and pop hardware stores are not "home centers"..
Your insinuation has no backing..The link you saw was a test link..However..to each their own..but I really don't see what your concern is?? The majority of the shareholders holding long term are not concerned..It would seem that the non-shareholders and those looking for quick turn arounds are the only ones concerned..Interesting...veno
Well Renee..I appreaciate your compassion..
however do not count me in as disappointed or hurting about the SH meeting or the PR update..In fact I am very happy that the company is becoming more transparent after this long wait..Many were talking about the $6 million dollar figure for quite some time..So I would suggest a closer listen to the CC back in July of 09..Particular attention should be made to part two around the 6:00 minute mark..It was asked..what was needed to hit that figure..JD clearly stated that they were looking to the retail rollout of etc in the 3rd and 4th quarter as the main source of revenue for those two quarters..
We all know that didn't happen because a retail rollout of etc never happened..He knows he messed up when he again answered the same question during the Dec shareholder's meeting that the figure was still good..I do believe it is one reason he has stepped down..
That said..it is pretty obvious that the revenue potential for etc is still there and with a new CEO to promote it..I believe the numbers given can be attained with full market penetration as was previously mentioned..The company also has a whole new line of products in the mix with CIMA on board..Again we have had several investors remark about what is happening now at EXPO from recent visits along with the just completed shareholder's meeting accounts..It sure sounds to me like the company is growing and the workers are excited to be associated with the company even after what has come before..I sure don't see the workers headed for the door and it also sounds like the majority of shares are being held tight..
As I said before..I didn't invest until I knew more about what the new product was and its potential..I still feel that etc will be the long term revenue gainer for this company..
The bottom line Renee is this is the stock market and it has been manipulated forever in many ways..Short term traders pray on weaker hands using every trick in the book to take their shares cheap and then reverse their actions to build confidence to sell them back to a new group of get rich quick thinkers..I have done quite well buying and holding and selling on my timetable for over thirty years in companies I believed would grow..I have held through good times and bad and not worried about the day to day affairs..The PR that everyone is talking about IMO..is the first big step in the right direction for this company..If others can't see that..again to each their own..
As for this..I don't agree at all..
"to those who may have untenable losses in this stock and who may be hurting"..
Really?? who might that be?? If it is someone that bought in thinking they would make money quick here and they haven't..to each their own..You shouldn't invest looking for quick gains..This company is by no means dead..In fact it looks to be growing and with new mangement coming who is already calling some of the shots..Those that you say have losses now..could very easily have a gain this time next year or much sooner..Those that bought higher and sold for a loss and moved on..that was their choice to take that loss..Those that daytraded and bought high and sold for a loss..it was also their choice..Right now I am not sitting at a loss and could care less even if I was..as long as I still believed that in the future I could still sell for profit..
I am a "real" person Renee..but I am also an investor not a quick flipper of shares and as far as EXPH is concerned..I am a long term investor...veno
yep..I like that potential..
"the $100m in projected/potential revenues as stated this time last year"..
If I remember right that was from just one retailer..
It certainly looks like etc has now found "one" retailer..Funny how the "crapinets" have found a home..I would guess..as I have posted..it was just a matter of time until production could get to a point where etc could be stocked in the quantity asked for..Now what was Prd..the first retail store in 15 days and up to 100 more by the end of the year..
That is why I bought this stock to begin with..IMO..etc will turn out to be the big revenue producer down the road and with lower debt..this company will show a profit..
I am a long term shareholder and this company is growing and that is all that matters to me..along with others..I also believe that first retailer will be LOWES..HD or Mennards as was previously posted..When that is Pr'd..just one more company that disagrees with the notion that this is a scam..No one gets my shares until I am ready and the ones that were sold today were bought up..Just more taken off the market and locked up..The ones the traders have I could care less about...veno
I am not sure I understand your meaning..
"It also answers the question as to Glens new business."
I take stepping down to mean that both JD and Glenn will not be at the top any more..not that they are leaving completely..I have heard from the company that the side business has already provided help on some installations..I do agree after hearing about the low numbers from 2009 that the mangement needs to step down..I do understand that etc did not help the bottom line and that things were cancelled..but it was clearly stated very late in the year that revenue would be much higher and that should have been a known entity by all running the company..
I do see the company turning around and in no way believe it is a scam operation just poorly handled..I find the news that etc will now have a retail home not new news as I have believed from the start that interest was there and that the product would be picked up..Things probably would look much different in both revenues for the company and sentiment about etc over these many months had WW not had their problems ..
I do believe that there is a huge change coming and that CIMA and etc will prove to be the change makers..I am still long this company...veno
Actually I am not surprised at all..
"I'm a little surprised that JD was more in lead than Glenn,"
I wasn't there and neither were you present..
It sounds to me that from everyone that was there..they got to hear from many people..I would think that JD would lead some of the meeting discussion since he is was the leader for many years and did need to explain why he left in person to those that care..
You want the new CEO's name?? I do believe we already have it..If not..the new CEO has the same background that the new board member has..
The new CEO..
"He stated the new CEO has alot of experience and has dealt with Home Depot and Lowes, along with other big box stores.
The new Board Member..
"James has served such customers & brands as AW Sperry, Monster Cable, Mills Pride, Liberty Hardware, The Home Depot, Lowe’s Companies, and many others. James most recent accomplishment was a retail program launch in the electrical department at The Home Depot completed earlier this year. The result is millions in revenue generated for both the customer and the retailer. James has over 24 years experience dealing directly with decision makers at the top retailers & retail distributors in the US."
If is not him..Then it will be great to have another person at the top..that has all the ins with LOWES and HD..One thing we know for sure is that isn't one of the SC people we have heard guessed here many times..I like the fact that the coming CEO wants the ship in order when he takes over..something I have posted many times..From what we heard in eyewitness reports the company is doing everything needed to get there by the first of Jan.
You post..
"Reported revenue seems to be lower and in conflict with previously expected revenue."
Really?? I must have missed the numbers given by the ones that reported here..
"This is actually MUCH less than I expected."
Really?? do you mean much less from the people that reported what they heard..If so..I think their reports were great and as was stated a much more detailed report is coming from the company..
I read many posts today that talked of negatives that would be coming because no one was reporting..Yet everything I have read has all been very positive and does show that the company is growing..
In fact this meeting was given notice well in advance for any and all to attend and so far all we have heard is positives..I would like to see a post from someone that was there that paints a negative picture of what they saw and heard of what the company is doing right now..
Again investing is about the future of what the company will do and just from the few reports that we have seen so far..the future looks great for EXPO..
Where is the AS increase and RS as you have predicted in posts we would hear about?? WOWZA!!
Another WOWSA!! 1.5 billion shares accounted for held by longs..not including what is owned and held by posters here..Like it has been repeated over and over again..the MMs are doing some fancy footwork to keep up..
It would seem that the company is going the traditional route from here on out for financing and that debt has been reduced to where the company no longer needs to use shares..Double WOWSA!!
Thanks again to all that attended and the time and expense taken to give us all that couldn't attend what they saw and heard first hand..all the rest is pure speculation...veno
Thanks for your time and effort and to all others that attended the shareholder's meeting...veno
Not for getting a tour of the company and to completely go over the financials..the introductions..the future of the company..then the question and answer session..With all the questions that was submitted by just one poster who is not attending..that would take an hour by itself..Last year the summary of the meeting came out during the meeting..As 4Kds posted it would seem that anything material will come after the meeting and that could be tonight or tomorrow morning before the open with no one going to jail as previously posted...veno
To all those attending the meeting tomorrow..
I can't wait to hear from the ones that have posted all of the negative speculation..It will be great to hear from both sides of the debate eyewitness accounts of what the company is currently working on..We shall see who attends to get the facts and who will continue to just speculate..Here is to the future of this company and its growth..Again have a safe trip...veno
I would go with someone sold their shares on the downdraft..
just to buy back in for more shares with a cheaper average awaiting the great news to come..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54356417
I just heard a rumor that EXPH is going to announce that future revenue is increasing and that the first retailer will be announced in a pr..
Two can play...veno
To raise doubt is the only answer..
Which was used yesterday so that the trading could occur which hasn't happened in a long time..As was posted..nothing has been removed as nothing was prd..The predictions came from the CC which is still available and so is all of the previous prs on this site and on nasdaq.com..
I am a long term shareholder..I don't play the daytrading game..nor do accept what some are trying to paint the company as..It is a legit company with a legit product that has LOWES as a primary customer who likes the company enough to increase their orders and that is a fact...veno
I agree completely..
"that's why it's sooooo important if you're playing these stinky pinkies you need to be on all the time, like this morning showed, stepping away for 10 minutes can be VERY VERY costly.."
Too bad I wasn't here to put in my two cents when right before the volume increased to the sell side you posted this..
itrader Monday, September 13, 2010 12:11:57 PM
Re: Santa Barbara Broker post# 81511 Post # of 81745
is it possible the SEC is somehow involved?
Seems like I have seen similar statements made on days when the volume increased very rapidly as well as the large pps move that coincided..
I would hope the new CEO looks over the information that is being passed along concerning days like today and acts upon that information quickly...veno
Really??
"It is disconcerting to see that ALL of EXPO's news releases from all of 2009 are either not accessible or have disappeared completely from Yahoo Finance , OTC Pink Sheets , and from EXPO's website ."
On Yahoo I see news back to September 09..Pink sheets has had the same info for months now..so no change there..The company's website has all the updates still there..
I believe it is disconcerting to see posts that are wrong factually..
Anyone that has followed Yahoo knows they clean their own website of old news regulary..
I still see all the the news for EXPH on the nasdaq website..so it would seem that someone started a rumor again without the facts..Funny how that should happen on a day when the volume increases and the pps is taken way down at the same time..I believe I also saw a post mentioning something about the SEC again and looking at the timing it was right before the sell-off..
Oh by the way..it would seem that IHUB also has all the news items still intact..
I believe that the company is getting ready to put out their financials as well as name a new CEO so I would say that they are getting ready to fullfill their fiduciary responsibility as you say..
This "non-news" item posted about today was not some conspiracy by the company..it was a great job of creating more doubt..nothing more and nothing less..It would seem from what I have read that everyone that wanted cheaper shares got them..at least those that watch the trading all day..It is good to be back...veno
The question is..Do "investors" really care all that much about the company making a profit right now..or..is there more interest in revenue growth and change in upper management??
To traders..it is neither..as momentum is all that matters..
"You can grow revenue and grow losses."
Without increasing orders from the likes of LOWES.. the company's revenue incoming would be declining or stagnant..not growing..that IMO..would be much worse than operating in the red..Many companies exist for years without showing a profit while they are building their client base and growing their company..I can name many that did just that and their investors kept on buying stock on the potential..because the company was growing and not shrinking in size..Investors do care about a company operating in the black..but it is not the only reason to invest..Google operated in the red..quarter after quarter until their client base grew..
Again..this about making money on our investment and though EXPO is certainly no Google..the company is growing and the pps is now going up..Will there be pullbacks?? Of course..Traders and investors will take profits when they feel the time is right..However..if the company was not growing the pullbacks would and should be severe for any upward movement..Companies that are growing their client base and orders usually gain pps with much less consolidation after..It is called slow and steady growth..Of course the ultimate goal would be for the company to start showing profits..
For now..I like the fact that the company recently acquired a new company and cabinet line..has a new product and LOWES has increased their orders..I do not see this company growing stagnant or declining in size even in this economy..In fact I see them building out into a much larger entity..With that comes increased costs and increased revenue and when that is all put together..the very small company grows into a larger company..The profits will come when orders keep increasing and costs are reduced due to better pricing for bulk raw materials and shipment costs..
Is this company currently undervalued?? Yes..is the simple answer..based on what the company has predicted for future revenue..You can say that the company has not been reliable in the past all you want..but when financials start to show increased revenue..no one will care what happened in the past..We have had eyewitness accounts of huge amounts of raw materials and pictures of those raw materials being turned into finished products..We have heard of backlogs of orders seen by a poster here..We have seen finished work completed on at least two huge projects for Food Lion..
All companies make predictions of revenue and many do not attain those predictions..However..most companies do trade to those predictions or close to them until the financials prove otherwise or prove to be correct..As long as the company keeps growing their revenue..investors will notice the growth and what companies keep saying yes to them as far as orders are concerned..Valuation in a company is also based on future potential revenue..not just past mistakes..I believe that anyone that has kept up.. has seen the "potential" revenue increase dramatically over the last couple of months..
GLTA investors in EXPH..I am on the road again until Tuesday..A new CEO is coming and I will be back in time to hear what happens at the shareholder's meeting..I do believe that with the few trading days left the pps will continue upward...veno
Ivan..I see we are still going up..
I also see that the accumulation hasn't stopped..If everyone is speculating..I will go with what we know and have been told..The mangement hasn't sold any shares and are holding just like we are..So are the two from SC that have recently purchased restricted shares and no RS is coming..
Here is my speculation..Not only is mangement holding a ton of shares..but the new CEO will also have a ton that are restricted..Now to really speculate..I wonder if the new board member may have been the one looking to gain control of the company and also has a ton of shares??
A new CEO is coming..
More numbers from the LOWES and CIMA shipments should also be coming..
and of course the filings to get rid of the stop sign that will also make the company "current"..
and much much more to be learned at the shareholder's meeting..GLTY...veno
I agree..I also believe the pps will continue upward..
In contrast to this posted prediction..
Posted by: Santa Barbara Broker Date: Thursday, August 19, 2010 3:51:38 PM
In reply to: owgur who wrote msg# 78632 Post # of 80841
"EXPH will be headed back to .0007 next week. This was all a little staged run-up to try and start a rally. It didn't work. EXPH will lose 30-40% next week alone."
I believe that EXPH is primed to move much higher in the coming days before the shareholder's meeting..The pps movement recently has already been compared to the move before the anouncement of etc by some..IMO..there is much more coming from the company in the remainder of this year to drive the pps up past the high set last year..I do like the slow and steady up we have had recently..
We shall see how much traders want to push it up this time as the news nears for the short term..GLTY...veno
I don't see any quotes there at all..
Again you are incorrect in your assumptions..I worked on this for several weeks with it all leading to the final answer I gave..Again..you have no idea whether there are FTDs or not and neither does the DTCC or the SEC..Still waiting on your calls and replies back to the contrary..Until then..this stands...veno
"Reasons Why A Security With a Large Short Position May Not Appear on a Threshold List."
There are various reasons why an equity security with a large short position may not appear on an SRO's threshold securities list, 25 for example:
the aggregate delivery failures do not meet the definition of a threshold security in Regulation SHO;
"the security's issuer is not registered or required to file reports with the Commission. For instance, the majority of issuers quoted on the Pink Sheets do not file reports or register with the Commission, and so would not appear on threshold lists.26"
I was told that "EXPO is not currently registered and had not reported..
Hey Patch..what did you learn with the contact info I gave you??
Also you can talk to the DTCC who will say they have no idea how many shares are FTD for EXPH and will direct you to the SEC..I gave you the exact quote that was given to me from the SEC..It explains the reason some are reported and some are not..If you haven't called yet please do so before you again reply to my post...veno
Patchman..it was the DTCC who I called first who then directed me to the Markets and Trading Division of the SEC as they also had no answers about why no FTDS were being reported..Like I said..if you would like to call and verify from the SEC or the DTCC be my guest..
"your information is stale."
My information is only a couple of weeks old and all the changes made were also discussed in great detail..Please report back with quotes from the persons you spoke with from the DTCC or the SEC..Oh by the way short sales are being reported daily thanks to 4kds...veno
Actually my information came directly from the SEC..
It was specifically related to EXPH as that is what the rep was looking into..I had long conversations with the person mentioned..Who have you spoken with at the SEC?? The link I gave was also given to me by the SEC..that..after we had a long discussion about EXPH and the person I mentioned had checked into EXPH and why no FTDs were showing up..There is no myth as you say..it is all very clear..The facts are the facts and they don't include speculation from ones who haven't called...veno
Facts..
LOWES 2000 unit order increased to 20,000 units..
Stanley rep was impressed with the work of D&D displays and looks forward to working with them in the future..
Congress rep Virginia Fox was impressed and appreciative of the work that the company does for her state..
A new board member with ties to LOWES and Home Depot on the retail side is with the company now..
CIMA is ramping up nicely..
The shareholder's meeting is on the 15th of this month..and a new CEO is coming..
Two pieces of very valuable machinery were paid off early to decrease debt..
G&A expenses went down considerably from 2007 through the second quarter of 2009..
My opinion is that Harrs has done nothing wrong and that his side company actually provides a valuable service to EXPO when needed..
I am a long shareholder of this company..My average pps is in the green and that is the only fact I really care about...veno
Gold..I do like the part where CIMA in the future was to be producing over $30K a day all by itself..
I would think that should cover the extra employee's paychecks nicely with enough left over for all those perks mentioned..like health insurance..office supplies and some extras like dust removal and much much more..GLTY...veno
Patchman..It took a long time..but through much effort..I was able to find out some information on the subject..I was led to this from the SEC..
"Reasons Why A Security With a Large Short Position May Not Appear on a Threshold List."
There are various reasons why an equity security with a large short position may not appear on an SRO's threshold securities list, 25 for example:
the aggregate delivery failures do not meet the definition of a threshold security in Regulation SHO;
"the security's issuer is not registered or required to file reports with the Commission. For instance, the majority of issuers quoted on the Pink Sheets do not file reports or register with the Commission, and so would not appear on threshold lists.26"
I was told that "EXPO is not currently registered and had not reported..
So this statement is entirely wrong..
"Reporting vs. non-reporting has nothing to do with it. FTD's are reported by the DTCC which settles and clears trades. the DTCC does not distinguish who is or is not a reporting company."
In fact they do know who is reporting and who isn't reporting..as I was told EXPO was a non reporting company..
As you can see by the above question and answers..Some companies can still get get listed even when non-reporting..Notice the words.."may not appear"..
"Reasons Why A Security With a Large Short Position May Not Appear on a Threshold List."..
Now you can take my word on it..or you can also contact the SEC..
Mrs. Katz at the SEC was very helpful when the Trading and Markets attorney wouldn't return my calls after our intial converstaion and question..She was nice enough to follow up with them and the above is what I got..Her contact number and email is easily found if you are still interested..Like I said before..the SEC couldn't confirm or deny a large FTD position on EXPH because EXPO was a non-reporting company...veno
I believe that would only include two known amounts..
It doesn't include etc..East Coast Millwork Distributors, GTO Inc., Kronotex, Clarion, Tarkett, and Harris Teeter and more than likely continued work on Food Lion..
Like Harrs said..it is going to be an exciting shareholder's meeting for those that can attend..GLTY...veno
Simple answer is every broker including BofA/Merrill Lynch have no problem with EXPH at all..TDA is the only one not allowing buys..
Here are some highlights and observations of what is going on now..
LOWES increases recent order from 2000 units to 20,000 units..
We have seen photos of at least two huge project completions with Food Lion..
Investors that have visited the company recently have nothing but positive comments about the quailty and quantity of work being completed..with further observations of many files with future orders to be completed..An investor that met a retired LOWES employee with twenty nine years of experience with that company..now a sales manager with EXPO..Along with other ex-LOWES employees now working at the company..
"EXPO Commercial Sales Manager 29yr Lowes vet....
retired. I met her Monday, very nice lady. Several of the other higher ups there are also retired from Lowe's"
A new board member recently brought on..also with over twenty years of working with companies like LOWES and HD on the "retail" distribution side..
The recent acquistion of another cabinet company that is estimated to double sales projections already made..
There is much much more including a new product ramping up for retail distribution..
There is also one huge change coming..A new CEO..
Now if you see posts that keep mentioning the past and expect the same to be happening now..do your own research and compare those posts to investors posts that have visited the company recently and reported back their observations..
Oh..and I forgot that a shareholder's meeting is coming on the 15th of this month and that the company is going to start filing financial reports again..
For clarification..From past G&A expense reports..
2007..$1,178,835
2008..$ 794,782
2009..$ 260,199 for the first two complete quarters
To each their own...veno
So basically it is a guess and no proof exist to
the speculation that you know of..In other words the post was made up to make it look like fact when in fact there are no links or proof..Thanks for the verification..I say Harrs took out a loan to start the business..Do you have proof he didn't??? veno
Really??
"Apparently the current CEO took some of the money and opened up his business this year"..
I would like to see the link that gave you the details to that information..In fact..I would like to see a link to any information even second hand that suggests that any money derived from EXPO was used to start his side business..Could be he took out a loan to start it..By the way is there anything wrong with a company official having a side job in this economy?? I do believe that the business is also used for some local installations for EXPH when needed..
I also believe that the shareholder's meeting will start on time with the new CEO in attendance..Since Mr. Harrs will most likely be in attendance as well..you can ask him all about his personal business and get back to us with his reply..In fact I bet you can email him right now with your concerns and get back to us with his reply..
Oh..and the shareholder's meeting is on the 15th at 3:00PM..twelve days from now..
As far as the discussion on salaries..It would seem some forget that a retired LOWES employee of over 20 years has been working in upper management at EXPH as well..There are I am sure others..It would seem those salaries are not as high as some who haven't visited the company are posting when you keep dividing up the totals..As I posted earlier..the GA expenses actually have come down between 2007 and 2009..A fact some really don't want known for some reason..
Again..transparency is coming and to the majority of "investors"
that will be a very good start to get this company back on track to listing to a higher exchange...veno
Actually I thought by now that all would have noticed that if you minimize the webcam screen it is in perfect "focus"..
I started doing that months ago and couldn't figure out why there were posts still talking about the shot being out of focus..Yes the picture is smaller but it is not out of "focus"..
Really..the "focus" right now should be on who the new CEO is going to be and what background he or she will bring to the company..I am still betting on a industry person that knows the business and who has the ties already in place to keep the new business coming..
I do like the new addition of Mr. kendrick to the company and the solid industry leading contacts he brings with him..
"James has served such customers & brands as AW Sperry, Monster Cable, Mills Pride, Liberty Hardware, The Home Depot, Lowe’s Companies, and many others. James most recent accomplishment was a retail program launch in the electrical department at The Home Depot completed earlier this year. The result is millions in revenue generated for both the customer and the retailer. James has over 24 years experience dealing directly with decision makers at the top retailers & retail distributors in the US."
I have wondered since that announcement if he wasn't the one seeking majority ownership of the company mentioned months ago..It would be nice to know how many shares of the company he owns and what pps they were bought..
While some are talking about expenses..I think most investors care more about transparency of the filings and where the pps is going in the long term..It will always be more about where you buy a company's stock at pps related and where you sell it resulting in your overall profit..than it is about the company itself and the ups and downs they have year end and out..I have a strong feeling that the traders that play it right..which won't be everyone and the long term shareholders will end up being quite happy they invested in EXPH..Got focus??? veno
I don't believe any facts were missed..just not included..
Thanks for the personal account of what is going on in your area concerning the cabinet making industry..It would seem that growing a business is a bad idea to some..I personally like the fact that EXPO is growing their company in this economy and increasing production..I have heard talk about GA expenses being very high for this company..yet I did see one filing where they were all broken down nicely..In fact..I didn't see a large payroll or expensive perks..I saw a normal running business expense in-line or even less than many other small businesses..The added employees are a welcome addition and needed if etc is going retail soon..If I get the time I will post the breakout of expenses from one of the filings..but when words like perks are used and not backed up by facts..that info should be vetted by those that claim them as facts..Thanks again..
Edit..if anyone cares to look at the GA expenses in the filings that we have..they will see that EXPO did actually decrease those expenses from 2007 to 2009...veno
I'll repeat..when the company submits their filings..
Pinksheets does not look them over as more than one has now posted..They have no authority at all to decide who files what or when..They collect a fee and provide a service..The application process has already occured for EXPO..This renewal process was needed as earlier posted..because EXPO had not filed in a long time and was out of compliance..Now if others want to verify that info..call pinksheets and find out the status of EXPO and how long this process takes..Given a week at max for everything to be completed..we could get the first filing early next week..As I also stated..I am happy that the removal of the yeild sign was not mentioned in the last update..I like the fact that the company looks to be current which removes the stop sign as well for those that have trouble understanding that process..
Great news coming..
A new CEO..
Current Status and filings up to date..
LOWES..Food Lion..etc..CIMA updates all are coming and of course the shareholder's meeting with further guidence given...veno
Thanks Fit..
"The earliest turnaround time to post financials he said including the RSA security device for the secure upload is 1-2 business days. We could see financials before September 15th, if not by that day. Sounds good to me!"
I also verified that nothing needs to be looked at by pinksheets when the company files..That when the company files they don't "look them over" as I noticed someone else posted today..They just make the filings available to the public when received..
The renewal of fees is just a step needed since they haven't been reporting for a long time..
I also like the fact that nothing was mentioned in the update about removing the yeild sign first..Only the word "current" was mentioned..
I still believe that the new CEO will want to come on board with all the cards on the table..A clean slate to work with..
Since I won't be at the shareholder's meeting..It would be great if someone asks if they plan to buy back shares in greater quantity??
Thanks again for your call and update..I believe that the company knows exactly what they are doing and that the shareholders of record will benefit greatly as they move forward...veno
Quite the contrary..
I see a huge change in forthcoming and making sure shareholders are kept in the loop with up to date information..The shareholder's meeting is right around the corner and I expect that missing a projected date for the company to be current by a few days will be well accepted considering we haven't seen any financials in over a year..
Maybe you didn't read the rest of the post and notice just what the company is doing in the interim..I like what I see...veno
Well I can read a statement regardless
of who it is from and derive the meaning as was written..
"The company will be unable to meet the September 1st target date to become current with Pinksheets.com; however, it expects to proceed with the financial filing process as soon as the company receives specific information along with the RSA security device from Pink OTC Markets Inc."..
As it is clearly stated..as soon as the company receives..
Like I said the process has been started..
As far as you posting that I don't understand JD's soons..What make you think JD put out the update..It sure doesn't look like a JD update the way it was written and punctuated..As a few of us have already posted..The belief that the new CEO is calling the shots now would not be far off the mark..Before anyone posts why haven't we received a filing to that material event taking place?? One..they don't have to file if the new CEO has signed a contract as they are an elective reporting company and or..He or she simply hasn't signed a contract yet..
As for this stretch..
"did anyone else find this statement a little suspicious from this morning's update?"
"It is vital to the company to have an attractive balance sheet by January 1, 2011."
Not at all..in fact it is a follow-up to an earlier update on 4-14-10
"The company intends to use additional capital to accelerate the payoff of these two major pieces of equipment"..
They paid off the two pieces of equipment that were to take 5 months and 10 months to under 5 months..
I see that as great news..coupled with this update on 8-04-10..
"The company has raised funds via its equity and utilized some of these funds in relation to funding this project. At this time, the company has fully completed its fundraising needs, and anticipates no increases in the company’s outstanding share count."
As per the PR on..8-12-10..
"Operations has met, and exceeded the production requirements for this project and is now producing steadily in excess of $10,000 per day of store fixtures related to this single project. Shareholders are reminded that these fixtures do not begin shipping and or billing until the first week of September."
coupled with this in the same PR..
"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."
That would mean that by the second week in Sept..the company would be billing for over $18K in revenue a day from just two contracts..Not mentioning Food Lion..etc and notable others also contributing..Also..it sure looks like revenue is coming in now to help add to the cash on hand that came from the dilutive shares..
Like I said the shareholder's meeting should be exciting just as the update suggested..
I do know that not giving and exact date that the financials will now show up has caused some indigestion in some..but..I am not looking to buy and sell on a day to day basis..I like what the company is doing and they have my full support...veno
Actually they made it very clear that all they
need is return receipt of the security device and other information from the OTC..That process doesn't take long..They said this..
"however, it expects to proceed with the financial filing process as soon as the company receives specific information along with the RSA security device from Pink OTC Markets Inc."
Here is the document they filed..
http://www.docstoc.com/docs/27547545/subscription_agreement
There is nothing mentioned about the financials not being ready..
I am glad they have updated us on this before Sept. 1st..as it shows that the process is in the making..People have wanted to see the financials and they are coming..along with the new CEO..
I would not discount the shareholder's meeting as it looks to be the date when much will be learned.. With LOWES asking for more..CIMA increasing production..etc ramping up and the Food Lion remodel resumption..I would say that the attendees will hear and see quite a bit about what is coming by the end of the year and what the projection will be into 2011..
Also it was great to hear today about the debt being reduced for a strong balance sheet..GLTA...veno
Absolutely nothing..
"What has changed in your thinking since the 16th? Something you can share with the rest of us SORs?"
You mentioned that many expect to hear of a contract signing with etc going to a retailer..If you re-read my post you will not see the 15th mentioned..I clearly stated that I believe that EXPO already has the go ahead to begin production of etc for a big retailer..That we would hear about that when any NDA is cleared for that retailer to be named..IMO..that would be when EXPO has the capabilities in place to produce etc in the quantities needed to keep the retailer supplied..Also as I have stated..I believe that EXPO has been working to that end by what we have seen in updates and PRs..If they announce on the 15th or sooner the name of the retailer..you can bet I will be very happy..It is a fact that etc has not gone away as some have posted...veno
I am not one of the many that you speak of..
If it happens great..Like I have posted before..I believe that etc is ramping up for a big box retailer..I do not expect that news to come until the production demands can match the placement into the stores in some quantity..Like we discussed before..more than likely etc will start closer to the company's base and expand as production increases..
For the 15th I am expecting the naming of the new CEO and the financials being known..I also expect many updates..If etc is also PRd for a big box retailer on or before the 15th..then where we sit now will be chump change in profits for the longs that are holding...veno
Yes..it was a great day and more importantly a great week..Again I am glad I saw just the beginning trades and didn't take any time to watch the rest..It would seem that many new traders have come here now and are playing the momentum shift..Well they can trade back and forth as much as they care too..but the longs are not selling yet..I do believe there is still a significant increase coming as no new news has been reported about the stacks of wood that are going to LOWES..on a contract that was raised from 2000 units to 20,000 units..
Much more to come on that and more..
It is good to see you back..As far as your back and forth about the proof of the company being legit or not..I find these posts very interesting when trying to paint a different picture..
"The oldest trick in the book for scam companies like EXPH to play with their numbers."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53774792
and then the denial post..
"Never posted once that EXPH was a proven scam or that I had evidence it was a proven scam."..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53808559
So we now know that no proof exists that EXPO is a scam..In fact we know it is not a scam at all and so do companies like LOWES..Stanley..HD..Mennards..and many many more in the industry..
Again..
A new CEO is coming on board..
LOWES loves this company..
The banks back this company..and
the vast majority of the AS are being held tight..
I remember seeing a post that implied that the picture of the stacks of wood hasn't done anything for the pps..Also a post that implied that no one is interested in this company??
Both a little off the mark I would say..
GLTY...veno