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perhaps the offer was to buy 51% of the company at a new A/S.
Maybe the new A/S would be 2,156,862,745 and the 51% would be bought at a 25% increase of what 51% of todays shares are worth?
These kinds of announcements from JD are so stupid. They have zero details ever and they never happen. It's like he decides to free-write some days on the website.
He is a complete moron and dishonest to boot.
wonder if the prospective buyer is Wilke's Holdings?
deja vu.
http://www.marketwire.com/press-release/Expo-Holdings-Inc-Provides-Corporate-Update-908189.htm
The company has also entered into negotiations with an institutional investment firm, which has shown interest in acquiring a 51% controlling stake in the company through restricted preferred stock. The company will provide more details as negotiations proceed forward. Existing shareholders have the highest consideration in these negotiations. This agreement is still in the early stages of negotiations and is not near any decision point by the company.
and...
The investment firm we are negotiating with already has a substantial position in our common stock. The closing of this deal could have a significant positive impact on the company.
lmao!!! Whats next? A new bug killing product? A retail store? A closet company? A sales and marketing office?
Seriously, this is hilarious stuff. He is banking on people falling for the same schemes. He has used them all already.
Gotta love recycling old tricks.
Remember when somebody wanted controlling interest well over a year ago?
Unreal.
20 ft ceilings certainly take away a huge part of the problem.
etc.!!! The cabinet line for warehouses!
buying a building for 800k and collecting 185k in rent a year on that building would be a pretty great deal.
the loans to JD and GH are about 400k.
I think Expo pays about 185k a year to rent the building.
0.0016 250000 OTO 11:38:17
0.0014 250000 OTO 14:35:26
0.0016 200000 OTO 09:38:59
0.0015 50000 OTO 15:40:08
Once again some trades add up to 750,000.
I cant believe I can find a combination of trades that add up to 750k like everyday.
I am calling the SEC tomorrow.
This didnt hit a penny with anything resembling this share structure until July 23.
Guess what was released on July 23rd???
Oh yeah. This.
Additionally, the company will soon unveil a new proprietary product line intended for consumers. The company expects to leverage existing relationships to speed market penetration.
Not to mention the Walmart rumors that were swirling then.
I think I know the facts just fine.
I dont believe the PPS would have climbed to .03 without some sort of big anticipation build up. That's what the "game changer" brought.
If this company did 4 million in revenues for 2009 and the stupid game changer wouldnt have been announced then it is possible this thing could have climbed to a penny or so on forward looking business growth and if revenues slowly grew the PPS could have also from that penny PPS and continued to grow.
You know, like a real company.
The real problem here is that this company could be shrinking. That would eliminate the possibility for real sustained market cap growth.
Heck even if they did 3 million and made $1 of real profit, the PPS now would be undervalued and a long sustained uptrend could start. Those financials are being shielded either out of sheer stupidity or because they are horrible.
It is not really good when the best case scenario is to pray for stupidity.
Did the CEO resign or did he get booted?
You are acting as if he got booted. If he truly was kicked out on his rear, which doesn't seem to be the case, then that would be great.
But let's not pretend that the BOD doesn't equal at least a huge percentage of JD's viewpoint.
Until we see who is the next CEO and what kind of power he has, this is nothing more than yet another smokescreen.
I know people that are underwater in this thing want everything to be hunky dory and will look for any chance to point at something and say "See. See!!! It's all better!"
It doesn't work that way. Until fins are released and the true structure is established EXPH will be an extremely risky investment in a possibly dying company.
It's laughable to take anything JD says seriously until it actually happens. Everybody knows that, whether they like to admit it or not.
Looking for some BIG CONTRACTS soon.
I thought they already had big contracts? Oh wait that was only in a PR. Hopefully they can ACTUALLY land some.
why did exph management just sit back and allow this to continue for months
What could they have done?
If they had been lying all along in the 52 pump PRs, there isn't exactly anything they can do to.
They started rumors about huge contracts and PR'd about huge sales and a game changing product.
All they had was the same contracts PR'd several different ways and a dud product.
The financials everybody is waiting for probably indicate some awful sales number and proof that this company isnt very successful.
What people should be mad about is that management lied. This isn't even debatable anymore. Lies, lies, and more lies.
The divvy was probably nothing more than a smokescreen to allow for the gagging of the TA and several other things to be used as excuses.
This is almost an exact repeat of last year right now. Remember the 22 million contract, the 12 million deal, the 3-4 million dollar qtr. then poeople waited and waited. They blamed it on the economy, they have blamed it on shorts, MM's, whatever else they could. What will they blame it on this time?
Hmmmm.... CEO stepping down. Looks like JD might be falling on the sword and hoping to take all the disbelief with him.
I hope shareholders don't fall for it again.
Anybody wonder why JD loves to repeat over and over and over that insiders never sold, but he never says how many shares he has?
Forget form 3's. Why didnt JD put on their website MONTHS ago how many shares he held? Why would there ever need to be a delay in reporting that????
Perhaps to rebuy at a cheaper price??? Then when reloaded post the holdings?
I am sorry, but there is not a single excuse that is valid for JD keeping his holdings a secret.
ZERO.
Pay back the money JD. You have ripped off shareholders enough.
JD, if you are reading this, and we know you are, I will give you $400 bucks for all of your shares.
There you go, now you can say you got an offer for all of your shares as recently as today.
I will offer 401 monday.
On March 15th this trade occurred
0.0018 5000 OTO 14:15:55
Watch for a swap in the coming days for 5k shares.
0.0016 500000 OTO 10:22:38
0.0016 500000 OTO 10:22:02
0.0016 500000 OTO 10:21:31
0.0017 500000 OTO 10:13:10
Guys if you add these trades up they equal 2,000,000 shares.
I bet in three weeks there will be 2,000,000 shares traded also at either a higher price or a lower price.
0.0015 500000 OTO 12:03:25
0.0015 250000 OTO 11:45:32
Interesting! These trades add up to 750,000 shares at .0015.
i will do a more detailed post later on showing what is what
but just for the immediate sake of FACTS
it was a bad investment. no amount of false data can show otherwise.
of course that has been underway almost non stop
since approx 11 am on 9/15/09
the data seems to disagree with you.
first off it is misunderstood, second why does it not look much different for the dates before that?
There is a reason that these upper cabinets remain a big mystery. There is a reason that people who have been to the place havent seen them or claim that the cabinets have to be taken off the wall to swap out the face.
Thud.
It appears you may have missed the point.
Of course wall cabinets dont stick out as far as lower cabinets, that is the exact problem I was describing.
If you want to remove the sliding face you either have to slide it up or slide it down. Slide it up, it hits the ceiling, slide it down it hits the countertop.
Sure sounds like the upper cabinets need to be removed altogether in order to change out the face.
As has been stated none of this really matters if they need to sell shares to fund the business. This just kills the 100million in sales theories. The other problems are more pressing.
Time for a change, you have been calling for it for a while, why are not happy?
I will be happy when the change is final. I have learned to not take the musings of JD seriously until they happen.
If he actually steps down and can simply be a salesman, I will be happy. I am sure most shareholders will be too.
JD can obviously sell. He just needs solid operations and management to deliver what he sells.
He was unable to do both. The PPS rose and then suffered because of it.
Good night.
what isnt talked about is how the removable feces on the upper cabinets can defy the distance requirements between the counters and the cabinets or magically go through the ceiling.
Nevermind the magic glue that holds the side panels in place,lol.
And again, just because it hasn't been explained to you, does not mean it hasn't been explained.
I find it hilarious that JD supporters always talk about this magical solution to defy physics, yet they never actually talk about it. They just allude to it.
I find that curious.
Actually that's not true. I don't find it curious, I know why it isn't talked about.
I have seen numerous installations of full kitchens just in the last couple of weeks
Guess that NDA has been thrown out the window,lol.
No tools required is only directed at the removal of the faces of the etc cabinets. Sure it takes tools to remove plumbing and countertops, but were not talking about plumbing and counertops, were talking about cabinet faces.
Funny. Because one of the few shareholders that has seen these things, who I have actually spoken to on the phone, said that SCREWS were required on one of the ones he saw.
I find that curious.
I am sure you just misspoke.
I can do a simple search online and find that NO retailers are carrying it.
Then I can listen to the BS CC and hear JD say that it is for MASS RETAIL. oooops.
And the system hasnt been explained to anybody, because there is no system. Sorry. The upper cabinets would thud on the countertop harder than this stock has.
No tools required. Is that why JD won't be CEO anymore?
I know they have a crappy marketing company and I know that the product isn't selling and I know the very simple problems the product faces that HAVE NEVER BEEN EXPLAINED OR SHOWN how they were worked out.
a good product is still needed.
probably a better shot at getting bite back in there.
jd is a class act .. with both character and
integrity .. but unless folks have met with him
directly or have developed a relationship with
him over the past months/years ~ i don't expect
anyone to believe me or share my opinion
I have had more meaningful contact with JD than you and I can say JD is not a man with character or integrity.
I actually asked him tough questions. He took his ball and went home.
Now he is doing it again.
Its too bad he isn't walking away altogether. Expo has a better chance at success without him.
Great post Doug.
Expo needs a cleansing and a fresh honest start.
Good Riddance.
Maybe now some people can get some of their money back without him at the wheel.
I also called after you posted this and they told me the same thing.
they definitely doubled their O/S in 2009.
wait, so it is already gagged again????
Yeah right.
Do you know when those shares stop being restricted? Nope.
What happens when they arent anymore? Probably massive dumping.
Now everybody knows why they are trying to keep us quiet. Shouldnt be a surprise.
Gotta love how they open back the TA after massive dilution and somebody comes along saying it has been open the whole time.
lol.
Pretty sure whenever all of those people were calling you a liar about the O/S one of them would have loved to prove you wrong by calling the TA and getting a number under 100 million. Funny how that was never posted.
ooooops.
i don't consider a 2M+ share increase in 6 months .. ugly
last Q
The number of shares of Common Stock, $0.001 par value, outstanding on September 30, 2009, was 52,716,078.
Pretty sneaky trying to pawn off the difference in the float vs O/S. Sorry, but we arent falling for it.
Its a huge increase in the O/S. Nice try.
Why not just call the TA?
Seems pretty simple.