Anxiously waiting for POSC to drop the big one!
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I rarely agree with Lurker but I am sensing that something is not right about all this. I hope I am wrong. It certainly seems like this being laid out in a way that will make shareholders want to hold until ex date for these private shares. It does not make any sense that he is going to provide fully audited financials for ETC but not EXPH? Could someone ask this question at the meeting?
I will be real interested to hear what the 2010 guidance is. If he pulls some Jared Hochstedler type numbers or names out of his ass there is going to be a massive sell off even before ex date of the dividend. I would also like to hear a more detailed explanation of why the name of the 10,000 fixture client has not been released. I want to know the reason why it is way past the 30 days. He can answer that question without breaching any privacy issues. I will no longer accept a simple answer of "we are bound by a nda".
First I just want to say that I am not a fan of the dividend. Here is what concerns me. I am just worried that we may be getting strung along and let me explain. Between the shareholders meeting, the eventual release of the 3rd quarter numbers, and other news I am concerned that we could be intentionally strung along in order to hang on to this stock until ex date.
EXPH stock will be on a nice slow rise through December due to all the impending news and hype and peoplewanting in on the new stock. Once ex date happens I fear that the EXPH stock will be on a slow permanent decline. EXPH will only receive a small amount of proceeds from the manufacturing of the cabinetry for the new co. and the far less lucrative fixture business. It has also now been three months since we were supposed to hear about the client of the 10,000 fixtures.
I have emailed JD in the past and he always answered my questions, but this time I asked him some very pointed and frank questions and he did respond. Basically I asked the following.
Will the new ETC stock have fully audited financials from the first quarter of its inception?
Will EXPH stock also shift to providing fully audited financials?
Is the end goal down the road to put the new stock on a public exchange? Also do you aspire to put this stock on a higher exchange than the pinks?
I think these are all very fair questions to ask. I do not want to own stock in two very intertwined companies that are not being handled the same way. I cannot attend the shareholder meeting, but I hope there are some people out there that are going to ask some tough questions. I have a bad feeling that the EXPH stock is going to be a long term loser. I could absolutely be dead wrong, but I am concerned.
We can all vote no and it will not matter. Between the shares held by mgmt and family and friends we are grossly outnumbered. However I will be interested to see how the outsiders vote on this. I am seriously thinking about voting no. I submitted some very tough, but polte questions to JD the other day and got no reposne. If he is doing this because he is in some macho pissing match with the mm's I will not be very happy. I do not like nite and the others like the rest of you , but there is no point in getting into a rediculous time consuming fight with them. Let it go! Either way I hope this all works out for us.
What is the Case Management joint telephone conference? Did I miss something?
Does not matter Venom. Ex date is the date that matters period, it does not matter where record date falls. Whether it be a cash div ,stock div, bonus rights etc. If one of my mutual funds do not hold on the morning of ex date they get squat didley zippo lol.
Bottom line if you do not hold on the morning of ex date you do not get the shares! I deal in Corporate Actions for several thousand mutual funds and that is how it works. The record date means nothing to shareholders. See my earlier post.
I work in corporate actions and can confirm what ROCKNJ is saying. Ex date is what matters, not record date. If you hold shares in EXPH the night before ex date you are entiltled to shares in ETC.
For example. If record date is 12/23/09 and ex date is 1/2/10 and you sold out of your position on 12/27 you will get nothing! If you buy shares on 12/27 than you are entitled to the dividend.
The record date is merely relevant to the brokers. However the broker for the seller will receive the shares in ETC in error because of record date. Subsequently the broker is responsible for transfering the shares of etc (that they recieved incorrectly) to that guy that bought on 12/27.
I work in corporate actions and I can tell you in most cases that record date is relatively close to ex date. It is almost always before ex date as well. In some weird cases record date can be after ex date, but usually no more than the day after ex date. My guess would be that the record date would be in the week or two prior to ex date.
I still cannot make up my mind on whether I like this or not. The shareholders could almost literally be held hostage by private company stock. I am also concerned how this will affect EXPH stock. I plan on sending J.D. some questions tomorrow about all this.
The IRS is the least of his problems and that is saying a lot!. It is going to take some time, but he is toast. He will selling the lake house and his toys to pay his legal bills. The Lees and Douglas must be real nervous right now. Jared is a lousy liar and is ultimately out for himself and his own self preservation.
Yeah that looks vaguely familiar lol. Just change the poster name to Quinnradio and then it looks real familiar.
People like Thurston and Jared are sociopaths and they believe they have done nothing wrong. If she was innocent in all this and taken like the rest of us why in the world would she be helping Mark N?
Jared wanting to take this mess to trial is proof enough that he is a sociopath. The guy thinks he is untouchable and has god on his side. If you have learned some of the things about him from other posters that I have then you know what I am talking about. The guy is a sick puppy.
I know I will never see a dime back. I just want to see Jared, Douglas, and Thurston get what is coming to them.
I would not count on ever hearing from her again Lang. She was part of this scam as well. The only pleasure I take in all of this is that they did not make nearly as much money as they thought they would.
You will notice when things really started going south you never heard from Douglas or Thurston again. As a matter of fact there was a few posters on this board (with seemingly a direct line to EESO) that disappeared once the stock tanked. Of course I am sure you already know this, but it is good for others to hear.
You actually still believe that dog and pony show regarding the pig poo crap? That whole thing was part of the scam. Jared spent some cash on some plane tix and hotels and walked away with a lake house, car, and some toys.
Notice we do not hear from any of the players of that drama anymore. They made their cash and have now split. Mallad has proven himself to be a complete jackass as well. This whole thing was a freak show. I still cannot believe I fell for it. Lesson learned.
I sincerely hope you are kidding.
Question: If exph wanted to start the ball rolling today to get off the pinksheets wouldn't it still take a good 18 months to get on ob?
I still find it incredibly ironic that this company puts out news with big name companies and it does not affect the share price. However some stink pinky with no real product announces it just cut a deal with some unknown company in the timbucktwo province of the planet saturn and the price goes up 75%
I have theories like everyone else so here it comes. Do the markets flat out not believe JD? If so why? If the market does not believe him I would think they have good reason. As much as I hate those scumbags at the top they always have information that we don't and make decisions accordingly.
Is it possible that people are not paying attention to EXPH because it is not a "sexy" product? Is this unattractive for the simple reason EXPH is not trying to revolutionize the world with some new techology of some kind. I noticed that seems to be the m.o. of a lot of the companies on this board.
Sorry just needed to vent!
That is how I interpreted it as well. I think the judge felt the "punishment" was too lenient.
Just one more thing his wife is going to be pissed off about lol.
He is not a believer Weare. He is a sociopath. I am sure his lawyers are not too happy with going to a trial and have made sure he has paid them in advance. Jared is toast and I hope that Douglas and company get what is coming to them.
I hope his lawyers have explained to him the foolishness of his decision. When everyone else pleads out and you insist on going to trial that just pisses off the Feds. The Feds do not pursue cases they cannot win.
We will continue to have problems with this stock until positive, as well as timeley financials come out. JD also said in the last C.C. on 7/28 that it would be approx 30 days on the release of the customer name for the 10,000 fixtures. He is now two months late on this.
The upside of this (as long as JD is telling the truth) is I believe now more than ever it is Wal Mart. Wal Mart is notorious for dicking over their suppliers on even the least little details. The only thing you can count on from Wal Mart is that at least you will get paid, do not hope for anymore than that if you work with them. If it is Wal Mart than I am sure he has already learned his lesson in trusting them.
Although I do believe him, Im sure the market is taking a "I will see it when I believe it attitude". With all the pinkie scams lately and slightly better SEC enforcment, I can understand the cautious approach. Delievering news and financials in a timely manner(for better or worse)is something JD needs to work on. You can not pick and choose when it comes to these things. You just come off as a stinky pinky.
I will have to politely disagree with you. Maybe you misunderstood what I meant by that. We know that the company did not have a good second quarter and that things will be a lot better in the 3rd & 4th. If he starts providing more timely reporting then he is going to be expected to do that every quarter going forward for better or worse. Yes it is a pinky and he can do whatever he wantS. However if he decides to pick and choose when he feels like releasing numbers the market will react negatively.
Lets say for example, after providing more timely reporting all of a sudden he is 3 months behind on providing numbers for the 4th quarter of 2010. The perception will be that he had a bad quarter like the 2nd quarter of 2009 and the pps will suffer greatly. Perception is always greater than reality with pink sheet stocks period.
Concerns and theories.
Hello all. I have been in this stock for a while and I am completely perplexed by the action I see with this stock. I know others have had the same concerns as myself. Allow me to explain where I am coming from. I am not a basher.... just concerned.
I have watched other penny stocks companies with marginal products, or companies with barely a decent idea have better action that this stock. Some dipshit company announces they have cut a deal with a big company in the timbucktwo province of never never land and the stock goes up 50%.
EXPH announces deals with Stanley, Lowes, and Kronotex and the f'n stock barely goes up and then sinks back down lower than it opened that day. Now I realize there is not one simple answer for this, but I am increasingly getting frustrated. Here is are some of my theories and concerns.
1) Market makers. I believe that they do manipulate the penny stock world, but not to the extent others on this board believe.
2) Does the market know something we dont? Is it possible the market knows or suspects EXPH is partially or completely full of crap?
3) EXPH does not put out a "sexy" product. This is not a company that is developing new medical or environmental technology like a lot of the other penny stocks. I can understand the lack of attention or interest in carpentry.
4) EXPH core business revolves around retail and the housing market. This alone is maybe making people squeamish. I can readily understand this myself.
5) With all the recent penny scams and the increased enforcement by the SEC maybe the market just refuses to believe EXPH until there are audited financials. This is what I believe is the main cause of this stock being stagnant.
A while back I emailed JD with my concerns about timely financial reporting and he said that the company will be dedicated to providing timely financial reports going forward. I take him at his word and hope that this is the case. If he continues to release numbers several months late this company is toast.
He is a journalist. What a complete cop out. So basically if he has sources that he wont divulge relating to EESO then he is claiming to have insider information? Hmmm..... You cannot hide behind freedom of press when it comes to insider trading.
Stop wasting your time Wearelegion these guys have an answer for everything. The SEC already knows about a few posters from this board, and the other site as well. It is going to take sometime to sort out, but it will happen. Biggerstaff and Lang was more right than you will ever know.
I have said this before many times. Jared you did way too much talking kid. You are toast. If you are going to run a scam then keep it simple and less is more. That is how Madoff did it. He had as few people as possible involved, never ran his mouth, and kept a fairly low profile considering his standing. He never brought unwanted attention to himself. Jared my friend, you did the complete opposite.
Hello Weare,
Please keep in mind back in August that Alaskan Warrior was claiming that he had a friend that worked for Dunn & Bradstreet that had done some D.D. and that big things were happening for EESO. He also claimed that there was going to be big news by the middle of September. There was news all right!!
I would not waste your time arguing with either Alaskan or Quinnradio. They are better things to do like banging your head against a wall. Just be satisfied that you, Lang, and Biggerstaff were absolutely right. As far as the Mc Donalds thing, I am willing to bet Jared was giving him that stuff for free, so he could put out that p.r. I sincerely doubt Williams was paying for that stuff.
By the way things are going to get a lot worse for Jared. That is something you can bank on. As far as Murph goes he loses either way. He will either prove himself to be a crook or just plain stupid if he did not know what was going on.
I am more worried about how long they are going to take to release the 3rd quarter results. At their current pace we will have to wait until at least the middle of Jan for the 3rd quarter numbers. I am not sure if the company can afford to wait that long, after all it is still a pink stock. I emailed J.D. a while back voicing my concerns about this and his response is below. I take him at his word and look forward to the near future for EXPH.
**** we will be releasing financials soon. I'll be frank, after experiencing the terrible economic conditions of last year and the 1st half of this year, we have been focused on a return to profitability and quite frankly survival. Now that we have emerged from these circumstances and we have returned to profitabiity and growth, I will reemphasize timely reporting. While we are not requried to report, we will report as a courtesy to our shareholders.
It would not surprise me if that is why Jared went to Peru. That is the place to go to hide money. Peru is where the cocaine money is laundered. I would love five minutes alone with Jared and Douglas. However I would gladly donate my five minutes to any one of the military personnel that Jared swindled.
Jared is a con man and a sociopath kkgd. Believe me he needed a lawyer to slap him upside the head. This kid thinks he can talk his way out of anything.
I found it Judy. It was from the Fort Wayne journal gazette.
http://www.journalgazette.net/article/20090929/BIZ/309299941/1031/BIZ
Jared does not have enough assets to make it worth while for a lawyer to pursue that type of action. For a lawyer to take this case on it have to be a lawyer trying to make a name for himself and do it pro bono. Otherwise you would have to find a lawyer to take pity on us lol. Thanks anyways.
I believe I got it off one of the other posters on the board. Sorry Judy but I do not remember who posted it. I know it is out there somewhere.
If by some miracle a judge ever ruled that we were to get paid back how would the time frame be determined? Would anyone that saw a loss during the time the illegal activities occurred be entitled to receive reimbursement? I know this is all preliminary but I am curious. I hope it would not be decided by who held on a specific record date, that would not seem fair. He has screwed so many people for sooooo long.
Incidentally I still believe it was Zimmerman that wiped out this kid and for that I am grateful. As much as I would like to believe the SEC actually listened to our complaints I still do not trust them after Madoff lol.
I have said it before but Jared you did way to much talking kid! This whole scam probably would have worked if you and Newbauer had not tried so hard to scam everyone. Keep it simple stupid!!!
After reading the reader comments on the wane tv site I feel I have to say something.
Above all everyone please do not let your anger get the best of you. I am just as upset as all of you, but I do not want anyone to do anything they will regret. These recent developments almost affirm that the buyout and just about everything else was bogus. As much as I would like to pound the crap out of this kid it is not worth it.
I would hate to see one of you doing 25 years while this a-hole gets a punishment that is far less severe. I also would not want to see someone that is innocent get caught in the crossfire (so to speak), and I am sure you would not either.
Assuming his family had nothing to do with this I feel especially bad for them. I have stated before that I firmly believe he is a sociopath and if I am correct he most likely had his family fooled as well.
None of us that got out will ever see a dime from him or EESO period. All we can hope for is that justice prevails.
Unbelievable.
Enzyme Environmental, which sells cleaning products, in April said it was entertaining a buyout offer from a much larger company. Bobilya, an attorney for the company, said he doesn’t think that was an attempt to pump up the stock price.
“We have been told that there were more than two buyout offers,” Bobilya said.
That is a big vote of confidence from EESO's lawyer lol. He does not "think" that was an attempt to pump up the stock price. It occurs to me if you are the lawyer you either deny it, or say no comment.
Now there is more than two buyout offers. Funny all we ever heard about was the .10 cents. Jared has been acting like there never was a counter offer and god only knows what this third offer is. This whole thing is unbelievable.
"Its been said many times that the paper exists." Is that anything like the Korean lake contract that was posted on IN? If you saw that piece of paper you would be mortified you ever bought this stock like I was.
No offense Jevabyu but a piece of paper dont mean shit. What matters is that the Lees, Hanbool, and the companies that wished to remain anonymous can prove the offer, and also prove they made the escrow payment for the 300 mil shares.
By the way I am also curious as to whatever happened to the mystery second offer? Jared is a sociopath and like any good sociopath could not keep his mouth shut.
One more thing. As CEO Jared is supposed to be naturally suspicious when a client gives sales projections. If Allie told Jared that Bill Clinton is going to commercial spots for Wow Green, and that Tiger Woods is going to drive the delivery truck, and Tom Cruise is going to be using the products in a scene in his next movie it does not mean Jared has to believe it just because Allie says so.
The only legit player in all this is Zimmerman. There is a reason Allie is taking a lesser role. Allie has failed at everything he has ever done that does not involve making pizzas.
This whole thing is the second greatest bullshit story ever told. I still cannot believe I fell for it.
Please keep in mind everyone that the EESO part of this mess might be a whole lot more complicated than the other defendants. Between the buyout scam and the 136 mil revenue projection, and all of the other b.s. from Jared & co the SEC might very well be busy untying this very big knot. Rest assured in the end this is not going to go well for Jared.
These kind of investigations take a lot of time due to all the analysis involved. Sometimes you also have to take a step back and wait for someone to do something wrong, or continue to do something wrong, in order to make your case strong.
As far as Madoff goes the SEC never really looked in depth to his activities. They just asked him a couple of questions and moved on. He was wall street royalty and unfortunately got treated as such for years.
The guy who initially busted this open was a very bright numbers guy Harry Markopolis (civilian) who lives just a few minutes away from me. Harry was intrigued my Madoff's amazing returns in the market so he looked into it just out of intellectual curiosity (Harry is kind of a nerd lol). It took him all but five minutes to figure out this was a scam. He turned all of his research over to a friend in the SEC Boston office but unfortunately they did not have jurisdiction over Madoff.
He then referred him to the N.Y. office and they basically took all of his research said they would look into it and then blew him off. The only reason he got caught is because he could no longer fulfill his clients redemption orders due to the economic collapse. His investment portfolio did not have enough cash left to continue the scam. His clients made formal complaints that they were not getting their money and then he was cold busted at that point.
Nuff said.
I hope so. The SEC is probably doing a whole lot of analysis regarding trading patterns and the buyout. The other defendants are probably much more straightforward cases.
My gut feeling along with a couple of things I have learned about Jared lead me to believe Jared is in a whole lot of trouble. I know a lot of us made complaints to the SEC which usually means nothing lol. However, I am wondering if Zimmerman has absolutely destroyed this kid.
Can someone explain why Jared and EESO are excluded from these two actions below? I am not a lawyer and cannot understand half of this document lol. Maybe it means nothing.
II. ASSET TRANSFER AND DISPOSAL RESTRAINT AS TO ALL DEFENDANTS
EXCEPT DEFENDANTS ENZYME INTERNATIONAL AND HOCHSTEDLER
IT IS FURTHER ORDERED that until otherwise ordered by this Court, Defendants
K&L, Signature Leisure, Signature Worldwide, Carnes, and Powalisz are prohibited from making
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any payments or otherwise transferring any assets or engaging in any other transactions outside of
the normal course of business.
IV. PENNY STOCK BAR AS TO ALL DEFENDANTS EXCEPT ENZYME
ENVIRONMENTAL AND HOCHSTEDLER
IT IS FURTHER ORDERED that Defendants K&L, Signature Leisure, Signature
Worldwide, Carnes, Powalisz, their officers, directors, subsidiaries, agents, servants, employees,
and those persons in active concert or participation with them who receive actual notice of this
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order by personal service or otherwise, and each of them, are hereby temporarily restrained and
prohibited from, directly or indirectly, participating in any offering of penny stock (as that term is
defined in Rule 3a51-1 of the Securities Exchange Act of 1934), pursuant to Section 603 of the
Sarbanes-Oxley Act of 2002, codified at 15 U.S.C. § 77t(g) and 15 U.S.C. 78u(d)(6).
I am glad you brought that up CSykes. Is there any kind of solid resource or research method for finding legitimate pink stocks? Is it just a case of getting lucky and finding the right one?
Gee I wonder who leaked the story to the SOUTH FLORIDA newspaper? Jared found out what happens when you try to screw with a well connected, highly successful legitimate businessman.
I still believe the only reason Carnes & co got busted was because Jared and Mark N. did way too much talking and pissed off so many of us. The other companies kept a much lower profile like a good pink scam should.
I bet Carnes and some of his associates would love to private "chat" with Jared and Mark right about now. I find it hard to believe a seasoned pinky crook like Carnes could have been happy with the elaborate buyout scam Jared and Douglas hatched.