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I think the site is down to announce huge news! Back up the trucks.
www.easytoinstall.com must be being updated with a 12 billion dollar contract! The site is down.
You want me to wait for "the facts" yet it is ok for you to say that the company will be ok?
That is a huge contradiction. There is no evidence that this company should be ok. In fact the evidence against such a statement is so overwhelming I cant believe it is made under a veil of truth.
According to the financials and backed up by the recent canceled deal this company appears to be shrinking not "ok"
Window World, Inc. of Wilmington will now not carry etc. brand products
Wonder what happened. Anybody have any ideas?
EXPO is a great company with solid backing by banks..
No proof of this at all. Expo PRs and JD's statements on the CC have been proven to be unreliable at best.
They have great products that do sell to huge companies..
Which have been rumored to be near cost for their PR value.
A great company like Stanley saying how great the work is the company does and looks forward to future contracts.
Big deal. Notice how JD never PR'd the dollar figure of this contract. If they are the inserts that I think they are at Lowe's, they are nothing more than pieces of sheet acrylic. Oh and BTW Lowe's wont tell you where they are from. The people at the store dont even know. They get the displays from their own distribution center, not from the manufacturer.
They have a new product already gaining market acceptance
BS. Unless of course you are grading on a curve. These pieces of garbage still arent for sale by any retailers or distributors. Its a joke right now. Nice launch. Hahahahahahaha.
Insiders and other large investors hold well over the majority of shares and aren't selling..
Zero proof. Easily proven yet they choose not to? Yet they also make big bold claims over and over?
The last filing showed that the company was still profitable even in a hugely down economy
Due to "other income" which of course JD ignored questions about. Probably was an inventory adjustment.
A dividend into a new company that results in one share for every share you own..
Insider info? The last I heard it was 1 for every ten you own.
Two trading companies have shut down the buy side because they don't like the fact they can't short shares like they did previously..
Thats not what they have said. It also doesnt make any logical sense. Did I mention zero fails to deliver?
A pps that seems to hold it's own even when traders are saying watch for tripple zeros again
Are you kidding me???? What was the PPS two weeks ago? Hold its own? It has done nothing of the sort.
It means nothing.
It is simply some cutting and pasting of the trades of the day with some meaningless notations.
You would be better off reviewing the crappy financials(for 2nd qtr because of course 3rd qtr isnt available yet and may never be) and reading all of the PR's that were blatantly false.
too bad nobody knows how they will be priced.
What's not to like..is the real question???
Pretty much everything. Starting with the poor management that still owes the company a combined 400k.
At least they finally have Window World on board.... errr I mean had them for one day.
So what youre saying is, you have lost faith in JD huh?
Thats too bad. I know what a believer in him you were.
Who said people were hearing nothing?
Nothing of content-yes.
Nothing honest-yes.
Just lots of misdirection and hype. Same ole same. Expo has been doing it for YEARS. Reading past Expo PR's is like reading about past president's campaign platforms. Lots of big bold statements, but in the end more concerned about their own well being.
Been hearing that for a looooooooong time.
So far still no "content", just misdirection.
ATTN: Prospective shareholders.
Make sure you disregard Expo PR's when making any decision about buying into EXPH.
They pretty much never come true. Just take a look at the financials and you can see an accurate picture instead of all the BS being thrown out there.
Take a look at the 52 PRs released in 2009 and then check the charts for the corresponding volume.
I think it is obvious what happened here, but everybody can make their own decision about this thing.
Just make sure it is actual information like what I present and several others, instead of outer space type stuff.
You have to ask yourself why does a CEO care so much about a message board. Why did he pay somebody to post on one?
Do your own DD. Many others have as you can see by the PPS.
8. The California Closets pictures. Were these just an accident made by
the web designer getting carried away?
8) California Closets was a competitor when we focused on the 1st
choice brand. We also manufactured displays, and yes a photo was out
there that had our display, and a California closet "program" on it.
The person responsible for making the document has moved on a very long
time ago, and quite frankly it wasn’t brought to my attention until some
emailed me that that you (or maybe someone else) had found it. I
removed it promptly and apologized formally to California Closets
Corporate.
I love this whole scenario. JD gets caught using unauthorized pics. He has no idea how to just take those pics off of the expo site so what do they do?
They take the whole website down. And the site stayed down for months. Does that kind of stuff happen to legit companies?
5. The advances on the financials. These are listed as a current asset.
This would mean that this is money owed to the company.
5) Yes, it is money owed to the corporation by myself and Glenn Harrs.
However, it is important to note that GAP requires us to report this in
this fashion. It does not show the other side of the "coin" where the
company owes us significantly more in terms of gaurantees and loans.
I enjoy this one too. It is why I think JD is a crook. The guy owes Expo money. Lots of it.
He brushes it off by saying that they guarantee loans so it makes it ok.
Sorry. It doesnt work that way. If Expo pays off all of those laons, JD and GH still owe the company money.
They have owed it since 2006 and the debt has grown a bunch.
I dont think they are going to pay it back anytime soon.
Re: Question #7 The website pictures I am specifically referencing are the pictures on the www.expoholding.com website. They are marked before and after and these are pictures that have existed on the DD Displays site since July of 2008. I was told by a unreliable source that these pictures represent etc. cabinets. I would like to know if this is true. If it is true were these cabinets paid for and where were these installed? They are from a condo if that helps you.
7) Give me some time and I will research.
This is my absolute favorite one.
This is probably the whole reason why he ran away from answering my questions like a coward.
People have wondered why I have pushed this issue so hard. It is because those pictures have cost expo their patent.
Hahahahaha. Nice work JD. Sorry guys. The patent for etc. is done for.
July of 2008 is more than one year before September of 2009. Pictures of etc. were being displayed on a website over a year before filing as well as having been installed in somebody's house.
You only have one year from the first public disclosure to file.
Thanks for exposing the patent error 4kids and pennyguru.
Re: Question #5 What loans specifically are guaranteed? I know that the financials mention a vehicle loan guaranteed. Are there any UCC filings for the bank loans that mention you or GH as personal guarantors, so I would like some clarification.
5) All of them (with the exception of the auto loan you mention which
is not guaranteed by me). Don’t know what you mean about UCC filing for
the banks, but I assure you, we are the guarantors.
Translation: please dont bring up the UCC filings that show our bad business decisions.
You know like paying over 100k for Bite back.
That one cracks me up. OVER 100,000 bucks for Bite back.
What a bad CEO.
Question #9 Why is the TA gagged?
9) No Comment.
Interesting that he said no comment to me, but was willing to give a confusing explanation to another shareholder that visited him.
Gagged TA is NEVER a good thing.
Re: Question #1- The O/S at the time was 980 million plus, so they were not referring to the O/S as they gave me that number in addition. This was verified by multiple people and that information has been unavailable since that day. Do you think you could call the TA and find out why the number was in fact 930 million on August 25th?
1) I will inquire. Give me a little time.
Hahahaha. Obviously he lied here. He did not look into it at all.
The financials for Q3 2009. I cannot fathom any logical reason for
why they have not been released.
I have not released them yet. I do want to point out, we are not
required to release them on any timetable. We are, as I have stated in
the past a non-reporting pinksheet company that electively reports on
the company's timetable.
Translation: Springroll is right. There is no logical reason other than they are not good.
There is a good chance JD will never release them.
The 2/3 of the revenue typically falling in the second half of the
year. Now somebody the other day sent me a private message [PM
hereafter] that brought up that you could be making this statement based
on numbers from when D&D was private. Perhaps that is the case, but I do
know that of the numbers released for Expo that statement is false.
Actually, regarding this statement, I may have mispoke (cant remember
exactly what I said, but it should have been something like "2/3 rds of
our business is conducted in the last half of the year." which is a true
statement, however, that if from a manufacturing point of view not
actually shipments. Most of our actual work, not the shipments or
billing does occur in the last half of the year. Its pretty typical.
Translation: JD got caught in yet another lie and tried to wordsmith his way out. Classic move by him. Too bad we have caught on to him.
The restricted shares. On August 25 I spoke to the TA twice. Once to
Elson and once to Maria. Both of them told me that the float was
930,538,167. This was also confirmed by other people. I also had a phone conversation with you where we discussed this. During that conversation you told me that the company hadn't put a restriction on all of them, but that regardless the SEC placed restrictions on them and that only 1% per quarter could be sold.
I have no clue what Elson or Maria told you...It would seem to me
that 930ish would be the outstanding at that time...however, don’t quote me on that, because I simply don’t know what they said to you. We are held by rules, SEC, FINRA, tranfer agent rules, those guys, that do restrict insiders to 1% per quarter (I think), I don’t know for a fact because I've not exercised that option, nor have I ever removed a restrictive legend on any share I owned. Further, I've never sold a single share of mine since inception.
Translation: I am going to dodge the question and try and pretend the TA was talking about something else. Notice how he never followed up on this issue like he said he would? Yep. He lied.
I like catching him in lies.
Just the usual.
The CEO is up to no good, no fins, gagged TA, canceled deals after 24 hours, throwing money away on a NASCAR truck, etc. still not available.
It's almost like some people saw this coming.
http://www.expoholding.com/
Your welcome in advance.
Why would an accountant create a loan as a receivable to record the paying pack of a payable? If the company repaid a loan it would be just that simple. Creating an extra line item would cause extra work and would cause a permanent fixture on the balance sheet. You would always have to carry both loans even though the transaction is closed.
Hopefully JD will just hurry up and pay the money back. Looks like the company needs it.
Financier, yes I'd like to get clarification of Window World selling ETC too.
I think you meant to say not selling etc.
Did you miss the little gem on the website where it says Window World, Inc. of Wilmington will now not carry etc. brand products, as stated in yesterdays press release. Further updates to be announced.
ooops.
Saying that what they have done is standard accounting procedures is nothing more than an intentional attempt at deception.
Its ridiculous. No accountant in the land would recommend that in order to mark a loan as repaid you should put on your balance sheet that you loaned money to somebody.
Can't. Stop. Laughing.
You havent explained anything.
You have created a fictitious scenario that is simply not the way the real world works.
If an officer loans money to a company and then the company has the money to pay it back, it simply pays it back.
There is no IRS implication because they wrote a check to the officer. Its an absurd misunderstanding on your part.
There is no way on earth that they would then create an asset on their balance sheet in order to return the money to the officer.
If you create an asset that isn't an asset they would be in a world of trouble.
The 2006 financials were AUDITED and those numbers were listed as an asset which means it is actual real money owed to the company by JD and GH.
Attempting to paint it as something else just proves how little this company has going for it.
.0019.
Did JD tank it on purpose?
They date back to 2006.
also if you look at the 2007 fins you can see that as of December 31, 2007 only about 130,000 worth of loans were guaranteed by any shareholders.
Also if you read the UCC documents on file with teh state, none of them mention JD or GH as being guarantors currently.
I would love to be able to use more current info regarding fins, but there just aren't any that have any details.
Shocking, I know.
and all you have to do is look at the 2008 financials to see how good he is at running a company.
Then you can read the PRs and compare them to what actually happened to learn how good he is at delivering.
Then you can read my posts and learn how dishonest he is. Expo used pictures of california closets without permission and pawned them off as their own. Then when they got caught, they took the whole site down because they didnt know how to just take down the CC pics.
Comedy of errors.
here's to transparency *exposing* ALL *aspects*
I couldn't agree more.
I cant wait for JD to be exposed, although I would say I have already done a very good job of it.
The list is long. The PPS reflects it.
"There are two questions that need to be answered:"
"Did Expo publicly disclose the invention prior to the patent filing?"
You mean like installing these cabinets in homes and bragging to shareholders how they are etc cabinets. You mean like putting pictures of these same cabinets on a website?
"If so, when did Expo publicly disclose the invention?".
You mean like putting these pictures up on the website in July of 2008?
Pretty sure they don't make cameras that take pictures of future events yet.
Although what could a patent on a product that even their next door neighbor decided they didn't want to carry possibly be worth.
Company XYZ is starting in business and during the first few months of operation the President loans the company some of his own money say 25,000.
Over the course of time the company starts doing better and re-pays the President the whole 25,000 but the way the IRS and other regulations look at it they can't just right him a check. If they did it would look like income to President and he would have to prove to the IRS that is was not income or some type of bonus.
So the safest way and less complicated way of repaying the loan is to list it as a loan because as everyone knows you don't pay taxes on loans. The company is happy, the President is happy and the IRS is happy. It's a very, very common accounting practice that anyone that has ever owned a small business has seen.
This kind of thing happens all the time with new companies. I really couldn't explain it any better than this. I hope this clears this up.
I suggest you call the IRS.
Look at an even simpler situation. Lets say a truck driver for one of Karl Malone's companies (You know, the ones where it can actually be proven that he owns part of) has a flat tire while on the road and he has to pay for it out of his own pocket. When he gets back and the company repays him for that, do they then list it as a loan to him? Obviously not. Your example is ridiculous.
If you loan a company money and they pay you back it is not a taxable transaction.
They dont make you list it as a loan back to the person.
JD and GH received advances from the company in exchange for guaranteeing loans. Plain and simple.
He has admitted it. It is listed on the fins.
They owe Expo money.
Why wont they pay it back?
400k would be one big buyback.
Perhaps Q4 are even worse?
I mean they did take off for a huge portion of December.
Yeah right.
You will get either no comment or a big sales pitch.
He will try to control the conversation and he does not like tough questions.
Ask him when he plans on paying back the money he owes the company. Unfortunately you wont be able to see him squirm over the phone.
It is not like the CEO's honest efforts in the past to communicate haven't been used against him.
This cracks me up. Used against him?
He used them against himself.
People simply copy and paste the ridiculous statements he makes.
If they reflect poorly on him, well thats his own fault. He has run this company poorly and shareholders are paying the price.
I mean come on. .0019???
Its ridiculous how poorly he has run this thing.
The events of this past week are all anybody needs to look at in order to laugh that this man is allowed to do what he does. Talk about a messed up system.
Maybe JD gagged the TA so he could dilute in order to raise money to file a lawsuit. That would be funny. And based on the stupid decisions he makes on an almost weekly basis it would not be surprising.
curious to see if my *take* is correct and if mgmt's
transparency is *embraced* by those who hold 189M shares
TA is gagged so these numbers are made up.
As far as 800 million being held, well the info you have posted contradicts that.
Thanks for the data.
We do not need anyone else asking this CEO questions that we should be asking ourselves. Send him an email or call him, if you are a shareholder and not on this list provided him by his attorneys, he will respond. Remember do your own DD here or on any stock.
Yep. If you have softballs to lob at him go right ahead.
If you have any tough questions dont waste your time. He is a coward and will never own up to the shenanigans he has pulled.
Lol. I get it. You dont.
The fins don't lie.
JD does.
If by something good, you mean trip zeros or JD blowing more of your money, then yes here comes a tidal wave of good things.
JD is used to people not questioning his words further.
I knew right away what those lines on the accounting statements meant, and I laughed when I heard his explanation on the CC.
Sorry, but guaranteeing some loans that are being paid back, on the backs of shareholders no less, does not justify borrowing a bunch of money and not paying it back.