Anxiously waiting for POSC to drop the big one!
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.
Hello Cookboy,
It does not work that way. You have declare an ex date for any corporate action. If you hold shares the morning (night before) of ex date you would be entitled to the dividend. Any shares you buy on ex date would not be entitled. Period!
"Make your own decisions and complete your own due diligence, nobody is responsible for the money you earn or lose but you."
With all due respect Brian as much as I respect what you wrote and the quality of the writing that last paragraph is a load of crap. Try telling that to all the people that have gotten ripped of by Bear Stearns, Bernie Madoff, AIG and the list goes on and on. Invest at your own risk? Absolutely. Being the victim of fraud due to misleading or bogus info? Absolutely not.
Companies like Citi, Bear Stearns, and AIG do not deserve to be bailed out due to incompetent business practices. However the public who was told their money was being invested in stable fixed income securities, when in fact they were invested in MBS did not deserve to lose everything.
Everyone that posts on this board has an agenda. Does that include you Brian? Of course it doesn't because you are special.
Veno,
I think the problem a lot of people have are having is that portion of the Dec 2nd press release never should have happened. Common sense says you do not say anything until it is a done deal with names, facts, figures etc (no pun intended). You have to admit that portion of the pr could be misconstrued as a pinky hype. We have all seen bad pinks release pr's like that. Then you factor in all the other past stuff and people have a right to be angry.
Do not hold you breath on any pr's of substance. JD is desperate and that is why he made that pathetic threat to Springroll. In my opinion he did it because Spring is a moderator on this board and he thought that would be a good way to put a scare into everyone not just Spring. I am willing to bet JD also thought he could get Spring to not allow certain types of posts on this board. I do not read every post but I do not believe any one else has been threatened this week. Please correct me if I am wrong.
If I read this correctly there has not been any activity at the factory the last couple of days? Something is definitely up and I do not think any of you are going to like it. I am still trying to understand how he is going to provide fully audited financials for ETC when he is virtually incapable of doing anything in a timely manner. He could shut everyone up just by following through with his claims.
Maybe they closed up the shop this week because all the workers were helping the national retailer train their employees on etc. Sorry I could not resist. Have a good night everyone.
Great post Renee.
I have just finished catching up on today's drama. Sounds like to me that JD has run into a little trouble? Could it be the SEC, or something else? At face value this smells like him lashing out like a scared 10 year old. He has been dead quiet for 5 weeks and now this?
If JD was going to sue Springroll or anybody else he wouldn't email that person personally informing him that he is going to. Don't you think that takes the element of surprise out of the whole thing? If I was going to do that to Springroll I would not let him know in advance. I would hit him right between the eyes from out of nowhere with a liable suit.
I really doubt a half decent lawyer would look at all this and tell JD that he is justified in filing a liable suit based on his own actions. Secondly, in this economic climate and a general dislike of corp America I do not think a jury would be to supportive of JD when the defense shows his business acumen to the jury.
Let me ask all of you something and I am being serious. Those of you that are familiar with the saga of enzyme cleaner boy in Indiana will remember this. Just before things completely blew up in his face he started to blame his "misfortune" on specific message board posters. From what I understand he is also attempting to sue one of the message board posters that knew for a fact what he was up to. Does anybody see where I am going with this? I am starting to see some small similarities. Albeit I will admit some small similarities.
I guess I am going to be sued now because I am about to hurt JD's feelings.
Has a long history of not meeting revenue projections. In fact many times has never been close.
Still no name on the 10,000 fixture client.
Still no stock div.
No national retailer as of yet.
The website featuring his game changing product still has no product selection on it. Honestly I believe this is the most telling sign of all.
Just my opinion.
How about this? Better to spend money on a lawsuit than pay for someone to help you with investor relations or finish your website so people could actually see your product line?
Also retorical...please do not respond
Taki,
Are you saying that he has deliberately put out bad or vague news?
Hello Jeremiah,
Thats is the problem with this guy. He has not learned from his mistakes in the past. Judging by the fact you have not heard from him in over five weeks, I think he finally figured out by how badly he butchered the Dec 2nd press release.
This is the same guy that says he is going to provide fully audited financials (and I assume timely) for the supposed private stock. He has no business running a publically traded company. His whole attitude and way of going about things go against what it takes to do so.
Both posts are rather consistent I believe. My position has not changed since the Dec 2nd p.r. I am still an active poster because I do not like the idead of being hosed. If I am correct and this guy is full of crap I am not going to take it lying down regardless of the fact that I already got out (with a small loss I might add).
Look at 4K9P response to my post. Even though we disagree to an extent 4k9p understand where I am coming from and how this can certainly look bad. The question that needs to be answered is simple. Id JD full or crap, or has he just made some really stupid mistakes? Right now there are far more questions than answers. You can certainly understand that.
I understand what you are saying FK9P. If I am wrong then it means this guy just keeps making the same mistakes over and over. Either way it just doesn't sound good. If the div is legit than how is this guy going to conduct himself with a non publicly traded company? Is he going to be able to put out timely quarterly financials? He just seems to have a leave me alone I know what I am doing attitude. That just doesn't cut it with me or you I am willing to bet. I would not just sit back and trust Warren Buffet never mind JD.
I wish I could share you optimism FK9P.
There was no 10,000 fixture contract. It has been close to 4 1/2 months since you were supposed to find out lol. I was all part of the pump leading up the etc launch and the never finished website.
Be glad that you got out when you did. I am going to laugh my ass off when we find out the retailer is a guy selling velvet Elvis paintings out of a van in the parking lot of bowling alleys. JD has been awful quiet lately hasn't he? I bet JD and his lawyer are a little busy right now.
No 10,000 fixture contract.
Has never once met a revenue projection. I can understand being a little off or unforseen circumstances, but he has never even once been close.
No dividend so far.
No 3rd quarter financials.
ETC website features no product except a bathroom cabinent. What retailer or potential customer is going to take that site seriously. I for one would like to take a look at something that I plan on spending a $$$ on. Interesting business strategy.
No national retailer so far. I find it hard to believe that it has not leaked out yet. Someone should have stubmled upon it by now. Nothing is sacred anymore in this www. world.
Misleading teaser press releases.
J.D.'s good buddy and EXPH investor Karl Malone is a complete scumbag. Do a little research on the mailman. He makes Tiger Woods look like a saint.
Of course you will not find any challenges to all this. All you will get is "market maker blah blah blah" and "I spoke to J.D. blah blah blah".
Please here me out on this everyone. I am not a basher or pumper. As a matter of fact after the Dec 2nd p.r. I was no longer a shareholder. I am just fed up with these pinky ceo's and I do not want others to be hurt by these clowns like others have.
Veno,
Any decent pr firm would have been adamant in telling JD not to release large portions of that Dec 2nd release. Yes you are correct that ultimately the CEO would have the final say. However if JD or anyone else is that hard headed than they deserve to fail. EXPO does not need an entire firm they can just hire one person with business and media smarts to do it. In this economy finding one good freelance person would not be hard to find.
Why do you think you have not heard from the great one in 5 weeks? JD knows he completely blew it on Dec 2nd. Furthermore there is still no dividend, no 3rd quarter numbers, and no announcement of this supposed national retailer. JD loves to use his lawyers to throw his weight around with message board posters. Well I bet at this point his lawyers have probably told him to stop doing stupid #$@! and then you will not have to come crying to us about all the meanies on the internet. A good lawyer is not afraid to tell their client they are being an a-hole.
Bottom line is he simply does not have what it takes to run a publicly traded company. The only reason I say this is because he keeps making the same mistakes over and over. The complaint file must be getting large at the SEC.
On a completely different rant if there is in fact a national retailer why hasn't somebody found out some info yet? Nothing is sacred anymore in this world as you all know, so I find it surprising that nobody has found out who the retailer is yet. I am sincerely not trying to be a smart ass here. I am just surprised nothing has leaked or been stumbled upon.
The other thing that bothers me is this supposed involvement of Karl Malone. I am sure a lot of people figured that this must be legit otherwise why would he take the risk. Right? Well I was bored and did a little research on him outside the b-ball world and he is not a good guy by any means. You can all check for yourselves and I encourage you to do so. As always do your own DD. All I will say is Malone makes Tiger Woods look like saint.
I really hope I am wrong and that everyone at least breaks even on this. Just be careful everyone. There are some real warning signs here that are being ignored by some.
Great post Lurker!
I do not doubt that JD's business is real and that he is probably good at running the day to day issues. The problem is he has a big ego (my way or the highway attitude from what I have been told). That sort of an attitude is not condusive to running a publically traded company, especially for a first timer like him. He really needs to humble himself and hire a consultant that can lay out an affective strategy for EXPH.
I firmly believe he has no idea of the kind of damage he has done with his press releases, emails, and telephone communication. All this whining about market makers and discussion boards destroying this company is a load of crap. This would all be mute if he did things in a timley manner, did not give bad projections repeatedly, and teaser press releases.
Great post Kim Jong Il,
If this is true NITE would not just arbitrarily walk away from anything that makes them money, especially in this economy. Maybe they just got slapped upside the head and told to go take a walk. There is no way the Feds would ever just go after them without giving them the chance to leave on their own. I am sure NITE could drag a lot of people down with them if the DOJ ever went after them for any kind of fraud.
There were no material events on Dec 2nd and that did not stop him from releasing a pr.
Exactly Mr Jack either way you are screwed. Personally I am in the camp that he is a fraud. If I am wrong and certainly could be than JD is just a flat out moron. Not a good choice either way.
The last pr was the last straw so I got out. The reason I am sticking around the boards is because I do not like seeing people get ripped off and I will do my best to see that JD gets what is coming to him if I am correct. Just because you buy at your own risk does entitle someone to screw you. If that was the case Madoff and others of his ilk would not be in jail.
This may be off topic. I am no fan of the SEC, but they are starting to pay more attention to stinky pinks. If they get enough well written complaints they will look into EXPH or any other pink. Admittedly they do not give a @#$& about Nite & co do not even waste your time or ink.
They got flooded with solid complaints about enzyme cleaner boy in Indiana and look what happened. That kid beyond screwed. If you want the SEC to pay attention to your complaints they have to be well written and your issues/complaints have to be presented in an understandable fashion. Do not sent them some incoherent rant that is large on anger and vague on substance lol. There are people there that want to help, but you have to give them something to go on.
Just because you buy at your own risk does not give good ole JD the right to cheat people. This guy is a complete fraud. Tell me where your shares of etc are? I am tired of reading all of the b.s. posts about how market makers are destroying this stock. JD has destroyed this stock plain and simple. That last pr was all you need to know about this guy.
By the way you are all wondering why you have not heard from your hero? It is because so many people (myself included) have reported him to the SEC after that last pr. That dummy knows he screwed up big time with that last pr. I am still waiting for a simple explanation for the following things from my last post.
1. End of July: 10,000 fixture order from a client to be named in approximately 30 days. We are still waiting for that.
2. Committed to providing financials in a more timely manner. You are still waiting for 3rd quarter financials.
3. Has never met a sales projection. Not a single time. He has already downgraded 2010 by approx 50% even though he has this super terrific ETC product that is going national.
4. The ETC website still only has a bathroom cabinet and nothing else. It occurs to me the largest part of that business would be the kitchen cabinetry, however they are nowhere to be seen on the site. I wonder why he is trying to spend as little as possible on that site? Hmmm...
5. A supposed stock dividend in a private company that is going to provide fully audited financials with a targeted ex date of Jan 1st. I work in corporate actions and we rarely see equity actions with an ex date of Jan 1st. That is simply just not practical especially when the the 2nd and 3rd are a weekend. It is now the 4th and no press release, very suspicious. For the most part the only actions with an ex date of 1/1 are calls on bonds.
6. Has struck a deal with a national retailer and once again he cannot tell you everything right now. Just wait a little while longer and he is just going to blow everyone away with news. It occurs to me you do not release a pr until you have actual information with details to announce.
Here is a great marketing plan for JD. With every purchase of an ETC brand cabinet you get a soap filled sponge and a bottle of enzyme wow cleaner to clean up any spills on the cabinet. Sounds like a deal to me.
1. End of July: 10,000 fixture order from a client to be named in approximately 30 days. We are still waiting for that.
2. Committed to providing financials in a more timely manner. You are still waiting for 3rd quarter financials.
3. Has never met a sales projection. Not a single time. He has already downgraded 2010 by approx 50% even though he has this super terrific ETC product that is going national.
4. The ETC website still only has a bathroom cabinet and nothing else. It occurs to me the largest part of that business would be the kitchen cabinetry, however they are nowhere to be seen on the site. I wonder why he is trying to spend as little as possible on that site? Hmmm...
5. A supposed stock dividend in a private company that is going to provide fully audited financials with a targeted ex date of Jan 1st. I work in corporate actions and we rarely see equity actions with an ex date of Jan 1st. That is simply just not practical especially when the the 2nd and 3rd are a weekend. It is now the 2nd and no press release, very suspicious. For the most part the only actions with an ex date of 1/1 are calls on bonds.
6. Has struck a deal with a national retailer and once again he cannot tell you everything right now. Just wait a little while longer and he is just going to blow everyone away with news. It occurs to me you do not release a pr until you have actual information with details to announce.
Here is a great marketing plan for JD. With every purchase of an ETC brand cabinet you get a soap filled sponge and a bottle of enzyme wow cleaner to clean up any spills on the cabinet. Sounds like a deal to me.
Same here Old Geezer. He could not bother to answer my very pointed questions about the stock dividend.....so I sold. This guy has nothing up his sleeve. He is not waiting to drop a bomb on everyone. Most importantly there is not going to be a stock div with fully audited financials.
He continues to beat the same drum of would of, could of, should of, on the way, real soon etc. etc. (no pun intended).I am also sick and tired of him constantly mentioning "the worst economy since the great depression". Is he going to continue to bring that up two years from now? It has been a lot tougher for many than it has for him. How come we haven't seen any kitchen cabinetry, or for that matter any product update on the etc site?
Putting together a website and hiring a marketing company is merely chump change if you plan on making $$$ off of the shareholders backs. I am really starting to suspect that JD and his crew have been dumping their shares. Sorry just the way I feel. GLTY
Springroll...
BTW...I sent JB an email 2-3 weeks ago with some very hard questions about ETC and private shares.
He never responded...so I sold...
Respectly.
I have always respected your posts and take no animosity from what I said as I am not one of those basher types. The last p.r. told me all needed. As I was reading that thing I could just visualize the fisherman casting out his line lol. You do not press release that something big is coming down the road, but I cannot just tell you quite yet. It just reeks of pinky scam like all the others we have seen. You announce it when it actually happens. Same thing goes for the mysterious 10,000 fixture client. I am not doubting that it is a real company, however the CEO is a moron. I frankly told him exactly what I thought of him after that press release. GLTY
There is not going to be a stock dividend and I would not hold out anytime soon for any 3rd quarter financials. There is no "national retailer" either. Haven't any of you wondered why there has been nothing new added to the Etc website since it was launched? You got scammed plain and simple.
Lets face it EESO and Wow Green are both a complete joke. How legit can WG be if they are getting involved with another pinky after dealing with Jared & co? I still cannot understand why Zimmerman would get involved with this company. I know Zim and Mallad are friends, but come on. Mallad must have pictures of Zim doing something nasty lol.
I don't know how all of you feel but the whole thing is so scummy I need to take a shower when I read about it. Correct me if I am wrong but Bill White is not the most stellar person in the world right?
Unfortunately the most likely scenario is that Douglas, Thurston, and The Lees will get away with what they did. The SEC generally does not give a crap so they are unlikely to investigate the buyout scam. If they do not investigate then there is nothing to pass on to the DOJ. Just take a little solace in that I do not believe they ended up making much $$ on this scam. Jared had to already unload the lake house as the attorneys needed to be paid.
I understand what you are saying, but two wrongs do not make a right. He is not justified in being intentionally vague and calculating because he doesn't like flippers or market makers. I have a hard time wanting to invest in a company who's CEO thinks like that. Just run the damn company!
What does it matter to the CEO who holds shares in ETC or not? If those are the kind of things he is focusing on than I find that a bit troubling. He should only be focused on one thing and that is the company. Build the co. and the pps will follow. Show me one CEO that has ever broken a sweat over who holds shares or not when mgmt holds a majority of the shares? A CEO's job is to care about the company not the individual shareholders.
Wasn't the third quarter financials supposed to start reflecting sales from the 10,000 fixture client? If the numbers end up being poor that could lead to speculation that he wasn't being honest about that.
He initially said 2-3. He has been parsing his words a lot lately. Same thing with his projections, the 10,000 fixtures...and so on. Based on that and the erratic releasing of financials I made my decision to get out. I just do not see how he is going to all of a sudden be timely and straight forward with ETC numbers. I like Taki am not so sure there is really going to be a div.
I sincerely hope it turns out well for all of you. I know I will keep an eye on this just out of morbid "car wreck" curiosity lol. If he is telling the truth about the nationwide retailer I will be interested to see who it is. At this point I think most agree it is not Home Depot or Lowes. I do not read every post, but I have not seen a lot of discussion about that. I would think that is the only news that ultimately matters for shareholders.
That is absolutely correct springroll.
Are you serious? The buyout offer was a scam. The whole thing was a scam to get the pps up so they could all make a buck. Fortunately the market did not believe it and they did not make much, that is why there was the counter offer, and then the interest of a second party. They were all attempts to pump the pps to no avail. Just thought you should know. The whole thing and everyone involved was a scam.
Even Wow Green is rather disgusting. Their conference calls sound like a retard convention. We all got had so deal with it. I still cannot believe Zimmerman is involved with WG. Mallad must have some real incriminating pics of Zim Zim lol. This stock is only good for flipping on the .0001 moves.
I love your last couple of posts springroll! The last pr gave me a very uneasy feeling so I have sold out. If I miss out so be it, but I am not going to get ripped off. JD also failed to answer some very pointed questions I emailed to him about this stock dividend. I am also still trying to figure out how he is going to provide fully audited financials for etc when he seemingly cannot do anything else on time. His pr's are an embarassment to say the least. They never have any complete information to them and like that last one full of specualtion.
I cannot think of any scenario where EXPH stock is anything more than almost worthless after ex date of the dividend (if that div happens at all btw). With the low profit margins on the fixture work, I am sure if ETC does takes off he will drop the fixture part of the business in a hurry and so goes EXPH.
Good post xray. I have always felt that this guy is a little stubborn and his attitude is my way or the highway regardless of the outcome. I have several friends that have lost business, or completely lost their business with that attitude.
The first thing this guy needs to do is drop the fight with the mm's. As long as he is on the pinks he cannot win period. Let it go! The second thing he needs to do is greatly improve the quality of his press releases, and I am not talking about the quality of the writing. He needs to understand that you only release a pr when you have something clear, definitive, and most importantly newsworthy. No more of this secret retailer, soon to be press released bullshit.
I am not saying that he is a scam artist, but some of the things he has done recently would honestly make a person wonder. I would be lying if I said I wasn't concerned. I will feel a lot better if I hear Lowes or Home Depot will be carrying ETC. If it turns out to be anything else I will be pissed. I am honestly not so sure this dividend is still going to happen either. Based on past performance I cannot trust that he is going to provide timely fully audited financials for ETC.
Good luck to all of us!
Well said by five star and Santa Barbara Broker. There is way too much confusion about this etc stock dividend. He did nor provide any of the relevant info regarding the stock div in the press release that he shared at the meeting.
He lost my respect completely when he cut his 2010 projections in half and gave us this nonsense pr about the nationwide retailer that will be carrying etc. You do not announce ahead of time that there is going to be a big announcement "very soon". You do not pr something until you have actual news to report. This last pr reeks of pinky scam. I am not saying that it is a scam but jD is doing a great job of making it look like one.
While I am here let me ask all of you this. Is there anyone here that does not believe that a nationwide retailer will be carrying etc in the new year? I have not heard much discussion about this and it surprises me. It seems to me that is the issue at hand above everything else.
If this product and the retailer is the real deal than it should eventually override JD's incompetence with investor relations.
I thought the client for the 10,000 fixtures was one of the world's largest retailers? So am I to assume that they made fixtures for B&D or Stanley that are going into a large retailer like WalMart or Target?
You must be kidding? Yesterday's pr was just another one of JD's pr's that is going to lead to a bigger pr in the future. This guy is either lying or has no idea how to organize things. I will be real interested to see if there really is a national retailer carrying etc.
This is no different than how he handled the supposed 10,000 fixture client. It is all vague information that is trying to lead us to believe something good is coming down the line. I will go about 80/20 that there is no national retailer, we will not see 3rd quarter numbers anytime soon, and there will be no stock dividend. I am not trying to be a jerk, but this looks auwful stinky right now.
If this guy is on the straight and narrow than he needs to hire an investor relations consultant and stop writing his own pr's. Maybe he builds good stuff and runs a tight ship, but he has no business being on the investor relations side of the business.
I knew I should have gotten out. This guy is complete bullshit artist. Another mention of a soon to be cannot tell you quite yet big name client. We are being strung along quite nicely. First it is the impending 3rd quarter financials and now it is the "very soon" announcement of the large retailer that will carry etc.
How convenient that this is all "supposed" to come down in the next month or so leading up to the ex date of the phantom dividend. I wonder if we will ever find out the customer of the 10,000 fixtures? Now I know why he did not answer my email from a few days ago, he did not want to touch my questions with a ten foot pole. God I am stupid. Fortunately I have not lost much unlike others.
I am questioning his honesty to an extent, just not about dillution as you claimed I was. I never once said anything about dillution. I would love for you to go back and find where I did. As far as Jared goes dillution is the least of the scummy things he did so maybe you should do some DD.
I am also openly questioning JD's tactics. If he is pulling this stock dividend nonsense just because he has gotten himself into a macho pissing contest with the market makers than we all should be a little upset.
Give me a break will you? I never once mentioned anything about dillutiion. I am concerned about bogus claims and sales and projections like Jared H did. I am not saying JD is a crook, but there are some concerns here and if you and others do not see it that is your problem. If these questions get resolved at the meeting then that is great and I all hope we make a killing on this.
With all due respect he did not say when those fully audited financials would start. Also he did not say that EXPH would be providing fully audited fianancials. JD was strictly talking about the new stock.