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a holder of our promissory note converted $1,000 of the principal due on this note into 10,000,000 shares of Common Stock
What PPS is that?
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=arts
You can read all about all of the scamming here. It is a full update of all of the dilution, the r/s, the losses, the lies about the luxor acq.
Havent you read the filings?
It's right there in black and white.
my company sucks, we are going to R/S on your ars and it's headed for tripz
Why would he say it? Actions speak louder than words, he just does it. Remember the reverse split? Read the filings lately?
This thing is going down and of course he will have to r/s it again.
Really? This company sells shares at .0001 on a daily basis. I would be willing to bet you have been diluted already.
ARTS is selling shares at .0001. That is basically the same thing as a criminal enterprise.
As of May 14, 2009, the Registrant had 261,763,003 shares of common stock outstanding.
Then they diluted all the way up to a billion shares. They reverse split down to 20 million, and then where do they go back to???? yep. 1 billion shares.
That is a crazy amount of dilution.
Please try and keep the posts on topic here. The topic is ARTS. You know the company that has gone from 20 million shares to over 900 million shares in like 8 months.
Because they lease a building that makes them not a scam? That's funny.
That stuff is all a vehicle for selling shares.
Like the luxor announcement. Gee why did that stall? Oh yeah, they havent come up with the money.
I think SIRI is bleeding money and it tripled where it now trades around a buck.
FYI. They posted positive net income first qtr this year. Get a better example.
So when drug dealers go in to the grocery store and buy milk is the grocery store "working" with them? What if those same drug dealers get cable from Time Warner?
Nice try, but Time Warner isn't working with ARTS. ARTS is simply buying airtime from them.
It's sad when the only good things people can try and say about this company have to be fabricated. It is a share selling scam. Plain and simple.
They just came out with great news that there revenue is increasing every quarter.
Too bad theyre losing more money, lol.
This stock and this company is not a scam, especially if Time Warner is working with them
Time Warner isn't working with them. They are paying Time Warner for airtime.
We know what they did in 2005. So we have 2005, 2006, 2007, 2008, 2009, and we see what they are doing in 2010 so far.
Obviously can't be considered a startup anymore. In fact in 2005 had more sales than any of the following years. 5.4 million in 2005.
SBB's comments stand as being accurate.
The fact that they have converted to common shares does speak to the fact that JD and Glenn share the same "FATE" as all of the rest of us as far as their investments are concerned...veno
Not even close. Same fate? Please. They can(as they have already) raid the coffers at any time they want. They can simply decide to give themselves a long term loan and not pay it back. They can award themselves new shares at will. They can convert back to preferred (and probably already have in order to maintain voting control with this massive dilution we are seeing).
Should I cry like a baby and say "prove it" and ask for a link from you to prove that they have common shares?
No, I won't, because I live in the really real world where I can deduce. I can say to myself hmmmm.... They say they have never sold and they hold common shares, yet they won't prove it with a simple filing or simple posting on their website of how many shares they each hold? They simply brush aside the thousands of requests asking for proof, yet expect people to believe, well because they said so? They gagged the TA for a long time for some completely bogus made up reason, yet we are supposed to believe they didn't convert back to preferred?
Sorry but I dont need a link to common sense. I can understand that those things mean that they are lying or are the dumbest bunch of hicks on the planet.
Does it really matter which one is right? So the company is being run by the two stooges or the two scamsters. Either one proves I am right and longs are destined to be screwed repeatedly.
Ugly would be dropping to 2.40. Things are looking great here!
if i'd been asked about what course the co. would take
re: accessing capital after todd's death and the total
*change* that would bring
It is sad that he is being used as a scapegoat for EXPH. Especially when there is zero proof that he ever supported etc. in the first place.
Stop bringing him into this.
Probably chomping at the bit to unload as the price keeps tumbling. The carnage could be unprecedented.
You saying you don't believe in the secret catalyst? The predictions of the success and output of this machine seem a little far fetched and a bit too efficient?
Who'd a thunk.
With any new product..the ramp up time in the beginning for production makes for revenue starting out slowly and increasing as production increases and as more and more retailers go with the product..The $100 million is still attainable within the timeframe given...veno
Absolutely false. Anybody with significant experience will tell you that the initial launch can often be the best sales time frame ever.
Why? Well because you are sending out initial orders not restocking orders. If you get some distributors on board (something Expo has failed to do) they make stocking orders, which would of course be much larger than the weekly or monthly standard orders. Then you would see a lull and then it would pick up again.
Expo hasn't even landed one single distributor in almost a year. How can anybody in their right mind try to say this product will be successful? Almost a full year without one deal???? Come on. That is proof positive that this product has been rejected.
You might want to reread the thread, lol. Please link to where I state book value is from revenues. Oh that's right, I didn't.
Is it the same figment that thinks book value is determined by revenues alone?
Good try, but you know as well as I do trying to promote a stock based on info that is declared inaccurate is foolish.
JDB has IMO done his best to protect his investment,
I agree with you. He already took 150k straight from the company that he has never paid back and he has dumped countless shares while lying and telling people all along his shares were restricted.
You bet he took care of himself.
Friday's closing price the market cap exceeds any book value that could be calculated from the highest reported revenues to date.
Which revenues are we talking about? The ones that are being revised because they were inaccurate or the ones that havent been filed yet?
i have no doubts some would say to close down and
shut their doors
You bet that's what they should do. If they can't make money in a legitimate fashion, they should close their doors instead of continuing to scam future shareholders.
With each A/S increase and the inevitable reverse split(because as we know it is much harder to raise funds when you cant sell at an 80% discount like they have been doing) they create a new crop of victims.
I would rather the cycle be stopped.
Instead we get a constant legal robbery of investors' money. We get a constant influx of people telling everybody it is ok. That dilution is fine, that's how companies raise capital , the PPS is only going down because of shorters, or whatever other bs gets thrown out there 4-9 times a day.
The point of a company going public isn't to constantly be able to dilute to pay their bills. It is so they can raise money to build an actual business that will get an actual return and build something legitimate.
Look at what Expo has done since 2006. Dilute, dilute, dilute. At what point does it stop???? At what point do they become a legitimate company? When can the investors actually get a return on their investment?
There comes a point when a company has to actually *gasp* be self-sufficient instead of creating a never ending pattern of nothing more than petty thievery.
Shut it down, along with the other riff raff.
Great post SBB. It is obvious what is going on here. The PPS is reflecting it. It is still overvalued based on share count and their potential(which is not very much).
They threw out a figure of 100 million for sales for etc. back in July of 2009 within 2-3 years. As I mentioned a long time ago, companies don't just go from 2 to 100 million in sales overnight. So we would know real quick if there was any potential there because they would make immediate jumps and then uptrend consistently.
The company banked on people defending them and saying it hasn't been 3 years yet. It doesn't matter that it hasn't been three years. It is obviously not going to happen since it has taken almost a full year to still not even have one distributor on board.
I really dont understand what makes most of the other (OTC/Pink presumably) companys a scam
Not fair to compare a pink to a nasdaq listed stock.
Good to see the streak continue here, lol.
As was proven the shares are discounted down to .0003 and below.
The truth stings. The .001 claims were absolutely false.
Audited fins? Audited by who? The local "student council" that JD meets with?
As far as looking at the past, well it is obviously the only smart way to look at this company. Because according to them the future is always bright.
Dont you get it?
The long version is the one with the twist. That's how management rolls.
Anybody here been able to get any of the private placements that are being done at .0003?
That would be a quick 100% flip. Would have to dump them fast though.
That means they raised 188k from 4-9-09 until now.
We know that the PPS over the summer of 2009 was much higher and they diluted 18 million shares over the summer, 2 million of which were at .03.
Thats 60k for the 2 million plus whatever they got for the other 16 million.
Bottom line is they aren't finished yet. You also have to ask why so many shares for such little money? Especially when the PPS was so high they could have easily raised far more for far fewer shares.
Something very fishy went on here regarding these PP's for .0003
I think we all know what happened.
Nope. My math was correct.
The reason I used those numbers is because according to the filing on 4-9-2009 they had sold 284k worth of stock. The new filing shows that they have sold 472k worth.
That means that since 4-9-2009 they have sold 188k worth of stock.
566million shares for 188k.
If that isnt proof of JD and friends getting cheap private placements and making off with the money, I dont know what is.
Heck even I would buy Expo shares for .0003
Avg PPS of the shares being sold by the company is .0003228
On May 28, 2009 the O/S was 896million. Since then the company has diluted 566million shares for a grand total of 188,070.
That means the avg pps was .0003228.
If you take out the 2 million shares sold at .03 totaling 60,000 bucks, that means that they have actually sold 564million shares for 128,070.
Thats an avg pps of 0.000226272
Not that everybody didnt know it already, but obviously the claims of .001 were pure BS.
Still havent paid Luxor another dime.
They lost 800k in a quarter???
Holy cow this company is a scam.
holy crap 976million shares
It already has been determined.
Seen the PPS and the AS lately? This thing is walking down the spongepath. I will get get my popcorn, hope I get a front row seat.
If the company really did do these things there would be no need for the "IMO" disclaimer.
Remember, the truth is an absolute defense. Thats why I know I can say what I do and not be worried. I have been spot on.
The company isnt taking a stand, lol. They are hiding and pretending to take a stand. The FBI and SEC might be looking into EXPH, but it certainly wouldnt be for what message board posters have posted.
It would be for what the company has done.
Good morning EXPHers. I wonder what shenanigans management will pull today. Will they repeat an old PR again? Will they announce they have converted back to preferred in order to increase shareholder value?
Will they talk about how they have been determined to have enough handicapped parking spaces? Will they announce that JD has gone back to 4th grade to lurn two spel?
Will they maybe finally just come clean and admit their goal all along was to line their own pockets with shareholder money?