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It is listed as a shareholder advance. Not an employee advance.
Not that it matters because they are both loans.
You do pay it back. A company can't not pay you for working. So you work, they pay you, then the money goes back to the company to pay off your advance, which is nothing more than a loan.
Don't try to twist it.
It is money owed to the company. They still owe it. They will likely always owe it. They haven't paid it back.
if fleecing shareholders is a mole hill then I am not sure what categorizes as a mountain.
It has now been over 4 years and they havent paid it back and likely never will.
Your information came directly from the SEC about the REG SHO list.
Two different things entirely. Reread and learn.
Good try Veno.
You are relaying info about the threshold list.
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
Patchman was in fact 100% correct. I am sure the statements that you are posting are coming from a link to a FAQ page about the threshold list. The reason non reporting companies don't show up on REG SHO is not because they can't get accurate FTD data it is because they have a hard time getting outstanding share data, because...ding ding ding, they are non reporting.
Regulation SHO is limited to reporting companies because of the difficulty in obtaining accurate total shares outstanding data for non-reporting companies.
http://www.sec.gov/spotlight/keyregshoissues.htm
Now that another myth has been killed, lets get back to our regularly scheduled programming.
Top talent? EV is nowhere near top talent. Unless of course we are measuring his ability to fleece investors. Then yes, top talent indeed
That is sickening when you think about it. From about 20 million shares less than a year ago to 4.7 billion.
I cant even begin to describe it.
You are kidding right? They do it all the time. You don't think Enron had public meetings?????
If the CEO doesn't want to answer a tough question they either hide behind a NDA, give a generic non descript answer, or bring up a future event they think will be the next biggest thing.
There is only one answer to the question I pose. A legit company wouldn't sell 140k worth of stock for 1000 dollars. End of discussion.
If you think I am cherry picking one example, read their filings. You will see this has happened over and over and over.
How about when they sold 2million bucks worth of stock for 20k?
When you are being as blatant as selling 140k worth of stock to your buddies for 1k, you have to try and cover that up somehow.
Sorry but legit companies don't do things like that.
I already know the answer. It is because the company is a scam. Why would I spend money on a ticket and hotel and rental car to go learn something I already know?
That would be like giving away 140k for 1000 bucks.
Here is the question I have. Why was ARTS canceling debt by valuing it at .0001 per share when the PPS was much higher?
For example from their filings...
On January 26, 2010, a holder of our promissory note converted $1,000 of the principal due on this note into 10,000,000 shares of Common Stock
The PPS was over a penny then. Why would they make this deal??? They gave away $140,000 worth of stock at that time to cancel a measly 1000 bucks of debt. That is absolute proof that something fishy is going on.
bottom line is all with interest
in EXPO via EXPH .. will KNOW
one way or the other with what
info is publicly available at the SM
Remember when we would all know before September 15th, December 2nd? Remember when we would know before the end of March? The summer?
Are the excuses ready for the newest delay?
it was clear to me that a sea change
was coming about after what i believe was a *difficult* first q
in 2010 .. from mgmt's inability to spin off etc to todd's passing
to jd's decision to step down
At some point in time it has to become obvious that the macro environment has to stop being blamed.
2006 was a great time for real estate and construction-EXPH floundered.
2007 was still a fine time frame in our economy- EXPH floundered.
2008 was fine for a large part of the year- EXPH floundered and then CRASHED hard when the economy sunk.
2009 was not great but there was a recovery- for the only data we have available EXPH did worse than 2008.
2010 is not over buit so far EXPH has doubled their share count and still not shown anything tangible. All we ever hear about are excuses or about things out of their control, blah blah.
At what point will people realize that this company just flat out sucks and is run by people that care only about their own wallets. They know how to trick investors. They do it well. Too bad they can't build and sell cabinets as well as they sell shares.
Did he bring results last time?
Nope.
Well, well, well. Looks like some people made some nice coin on EXPH recently. How has that been for the crop of holders that bought above .01? Has the company delivered on anything yet besides just promising more big deals????
I see Sept 1st came and went. Will September 15th prove to be a better day than Sept. 15th last year? Will revenues for 2009 even come close to 4 million? Will the assets reflect the 1.5 million in equipment that is continually thrown out there?
Will the alleged new CEO ever be announced? WIll anybody ever buy etc. cabinets besides Glenn's little side company?
Will the CEO ever actually work on bettering the company instead of their own interests?
Are they ever going to return those ugly sinks to HOBO?
Pete you know what is going on with this company at this point. It is the way this market works. Depending on where people bought and how long they have held will always play a huge part in their "valuation" of the company.
Those viewpoints are irrelevant to what is actually going on here. This scam is simple. You have individuals that "loan" the company money. Then the company pays back these "loans" with shares. If you read the filings, you will see that these shares get valued at .0001 more often than not.
Then these people turn and dump their shares on the market for values above .0001. They don't really care how much, they just want to sell them fast. Why? because they know they can just do it again and again and again. Now sooner or later this will become unattractive to these people because getting shares at .0001 when the PPS is barely above that becomes far less enticing or profitable.
What is the next step then? You got it. R/S. The company will continue to try and deflect from the scam by promising all sorts of grand things and keep people looking forward. New spinoffs, huge predictions of sales, new technologies, etc etc.
All the while the share dumping continues. The company never delivers, the people loaning the money get rich, and so do the executives and principals. Sooner or later people catch on, but it usually takes a long time and lots of denial.
Why do you think naming one of their buddies that took part in the pump and dump to the board is a good thing?
It would have been a thousand times better to put you on the board or any other person that actually supports trying to better the company rather than making their pocketbook fatter.
Ever see the movie Boiler Room? Remember when he realizes that it is the same five names arranged in different orders? That was all based on real scams, it wasn't just fiction. Notice how the Form D's are always just two people?
Stay tuned, perhaps Brian Moates can be named to the board or maybe even Granny.
the guy has been affiliated with Expo for years, what good has it done them so far?
What will be the next update?
"Company hires NC man that has been with display company since 2000."
Kendrick has been involved with this company for years. He was a 10% holder back in 2007. Like Malone, he dumped his shares.
Gee what a shock that the friends and family network stays in effect. Just curious, has this guys vast experience helped any?
Didnt think so.
The purchase of this Picasso art piece will increase shareholder value because it significantly increases our asset
base
Funny. I don't see this in the 10Q.
Almost everything going for it?
They are diluting at an alarming rate, losing more money than ever, and are lying continuously in PR's.
I would hate to see a company you think has nothing going for it.
Wrong again! Check they website, the OWN luxor! Making payments just like you pay anything else through owner financing! Duh!
Read the 10q. It says they don't own it. They still have only paid the original 10,000. Have not paid a dime since.
Wrong again! its not Q4 yet! June 30 was end of Q2!
Q4 of 2009. Take shoe out of mouth.
Wrong again! They own the Picasso if they get it sold!
Hahahahaha. They own it if they sell it? lol
remember when they announced that they had acquired Luxor? Ooops. Didnt happen.
Remember when they PR'd that they had net earnings in 4th qtr of over 100k? Oooops. Never happened.
Remember when they announced they owned a picasso? Ooops. Never happened.
The inventory on June 30 does not reflect the picasso. They announced they owned it prior to that.
Do they really think people won't notice these things?
How come the picasso isn't in inventory???
preferred stock in order to maintain control of the voting rights. That's how they can dilute billions and continue to raise the A/S, authorize raises for themselves, etc etc.
That preferred stock also likely comes with warrants to purchase common stock at .0001 per share. Its a classic pinky scam.
The company is diluting at .0001 per share and then these are being dumped. Sooner or later the PPS will reach .0001 and then they wont be able to entice anybody to buy.
Then they will have to either start making money or R/S. We all know that they are actually moving further away from profit than they were last year, so the loss of shareholder equity will continue and the CEO and Ditto family will continue to get fat.
A terrible evaluation. Might as well just say I think it will be .087 because I dropped toothpicks on the floor and they made a pattern that made me guess this.
This company will never be worth even half a penny a share again without a reverse split. Period.
They have diluted over 2 billion shares since June 30th alone. Actually sounds like a terrible time to be involved. They still haven't paid another dime toward luxor, they are still losing money like crazy, it is still obviously a complete share selling scam.
4,583,733,605 shares, lol
I will go with number 2.
When I think of EXPH I pretty much always think of number 2.
Keep tic toc'in. Remember the tic tocs last year? Or in January? April?
Nothing changes but the number of shares.
0003 to .0014 is a great profit.
Too bad it doesnt even make a dent if you own shares well above that level as most around here do.
.038 to .0012
What a BS story they are giving you. That's a nice spin attempt by the company. The company probably was completely unaware of all of the shenanigans that Expo had been up to and probably didnt even know they were being used in a PR. The calls were probably all internal and people saying things like hey why is this company using our name when they haven't been authorized.
Here is a tip btw these so called local and loyal longs are not reliable people. That is like saying Brian Moates can be trusted or JD can be trusted.
here's to what is KNOWN on or b4 9/15/10
Here is to what we already know. EXPH is a scam and is backed by known stock killers.
I mean the CNC machines that a basically paid for, alone are almost $1,000,000.
Absolutely false. They have them valued at 395,000 on their most recent financials. Unless they have barrels of whiskey inside them that get better with age, machines don't go up in value with age.
Good try though.
The last two quarters fins have been released after the date several people said they would be released. Par for the course. Sooner or later they will come out. This will pop to about .0009, maybe a bit more and then trickle back down unless they can release some more news.
I would not be surprised at all.
Those payments are such a scam it is unreal. Basically it allows Expo to pay Glenn and JD a ton of money. JD and GH don't pay any taxes on it. Expo still keeps it as an asset so it makes the balance sheet look better.
The only way it is coming off that balance sheet is by a miracle where they pay it back or if Expo writes it off as bad debt.
Can we get a survey set up?
What will be paid off first? The builders choice tax liens or the loans that JD and GH took from the company?