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IMO...The company literally lied till date to it's shareholders about whatever they did in 2009-2010. During last year, if they did business from Lowes, Stanley Tools(10,000 fixtures), Stanley Tools(2000 stores), Newell Rubbermaid, JoAnn e.t.c then why the heck they have to raise $60,000 and keep on diluting on every news. No need of personal visits to the company and talking to ex CEO...because I think the way they talk and look are not how they work in actual.
I understand, any business takes it's own time to pick up....but come on do not lie on face to others. If it is not a lie, then tell us where did the revenues go from 2009 (if any).
It is been 8 months company is saying that they will file financials soon, near term e.t.c. It might cost $7500 to file them but IMO that's not a big money considering the damage it is doing to the company value.
Again any investment, even EXPH, is not a LOL matter....
Well said Owgur.
*electively reporting co.*.
Does it mean the shares are sold at 0.0010? Not sure, if it is already been answered as I have not followed this board yesterday.
O/S increased by 462,081,010 by May 20.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50409835
$472,689 is the total amount sold in FY 2010 as of 05/20/2010 as per SEC form.
Is this news is for more dilution? Volume is 56 M now, so I am sure they must have thrown shares in the open market on this news.
How ridiculous is this. Throw some news and dilute.
It looks like company did not have intentions to update shareholders about the Builders Choice news, but since they wanted to dilute they released this news. It did bring some smile on my face but now it looks like it was another tactic from company to dilute.
Ivan - my history - 4.6 M shares with $45K loss. I am currently going through a financial crisis with family. Never expected JD would stab on back. Yes, it was my decision to invest but I think it is more like a cheating than our wrong decision. I am not looking for any sympathy here, but this is what many investors must be going through now because of the JD's actions.
Why the hell company could not submit the quarterly results. IMO, it is for sure 2009 results are bad and he is finding reasons to avoid them filing.
Money is something which is there today and not there tomorrow...but your values matter. If the company has dumped shares during Sep. 15 run and trying to scam investors, then GOD will not forgive them.
Good unbiased post in last couple of weeks on this board.
It's my personal opinion that JD has received, and acted on, grossly, grossly, grossly bad advice from one or more entities
Thank you!
I completely agree with it. But I have a question - company has recently issued around 500 M shares in the open market or to some private investors. Who is owning these shares and how they will be effected with this R/S.
I think, the retail investors might not have bought 500 M shares after seeing the stock price trashed from 0.0385 to 0.0004 and management being so careless about their share holders.
If these are issued to a private investor then are they going to let the company do a R/S, because they will also be losing the value of their stock.
Thanks!
Veno - Just think once.
If company would have posted financials and they would have had atleast 30% of what JD estimated for 2009, then the share price would have been in 0.0020 - 0.0030. Then company could have done dilution and would have raised higher capital.
IMO, the company is issuing these shares to family & friends and then do some pump campaign again and make money. This is nothing but a cheating and scam to investors.
"in financial markets , the real winners buy when the mass is selling ... and sell when people think that is going to up ..."
this holds good for the companies with good fundamentals and good management, but not for this BS stock EXPH... the mass is been selling from sep. 15, sep. 16, dec. 2 and so on...so if we would have been buying everytime, would have been in DEEP loss (94%).
This company needs to be investigated by SEC. IMO.
oh, you still think it is ONLY manipulation caused 90% drop in the share price....that is funny. It is company who is responsible for this price fall. IMO.
When company shouts that we are electively reporting company, then,
Where are Q3, Q4 financial results?
Where are form 3's? (this is too much to ask from this company, IMO)
In one of the PR (2000 stores order), company mentioned it is for Stanley tools and then when people asked about 10,000 retail order customer, company always said they are under NDA and at last it was found it is for Stanley tools. What kind of NDA agreement is this when customer is already known?
Company is currently doing huge dilution even for raising only $100,000. Last year, company had received orders from Lowes, Stanley Tools, Stanley Tools(again), Kronotex, Jo Ann and many other small orders as per JD & company... where did the money go from all these orders???
As per JD in December, company is still on target for $6M revenues for 2009 and now dumping 1 B shares...if they were on target, can't they finance their equipment and hire new CEO..what the heck??? even many big board company CEO's don't take Million dollar salary.
If these are not the lies then what it is???
"it takes them about a week to take it *down* "
did you mean JD, Glenn & new CEO (who is not on board yet and not sure if he will be).
I don't know why did I fall for all BS stories about MM's and NSS. I am paying very high price for it now.
KR - Probably you are new into this stock and that is why you are surprised with this stupid move. But I have been here for almost a year and not surprised, because this is what company does every time when the stock moves north.
What is next??? Pump PR from company about cash wrap item delivered by later in the week and through 650 M shares in the market.
I have only 2 posts for day, so I am editing this post to answer your question. This will never go to 0.0050 until company comes clean. We will see pump PR to scam more investors to buy their dilution.
TAKI - I agree this company needs to be investigated by SEC.
all in my personal opinion.
Wow Veno, you are giving this company 'benefit of doubt' again. This company pulled this stock from 0.01 to 0.0012...I am not taking 0.0385 into consideration because company still had chances at the price 0.01 on Sep. 16 and 0.0072 on Dec 2 to come and protect it's share holder value. But what did we see 2 M share buy back(with NSS & certificate stories), NDA BS's, BS shareholder meeting and the current share price.
How many more chances should we give to this company and ex-ceo???
There are so many public companies who list the dollar value of their contract in PR, do you think they don't have any competitors in the market. The NDA stories are made here and not real in my opinion.
all in my personal opinion.
its just too bad i have put all of my savings in this thing when it was at a higher price and cant seem to get averaged down.
Volume really picking up here and new people showing up.
Company might have released the news today, just for dilution. IMO.
This is getting ridiculous every day.
Good job Springroll/LFM from beginning to alert investors/traders for not putting money in this stock. I was one among those who didn't listen and invested so much in this pinky stock. My bad...I am 90% loss($40K) in this stock and it's a very big loss for me, not sure how to recover it now.
How many excuses does company give for not filing Q3, Q4, Form 3, updating pinksheet to current e.t.c???
I am still waiting (trading via Zecco)...
I am still in with all my shares(none sold till date) and stopped looking at this everyday drama. It is trading in pinksheets but company is legit and in business, so have to wait for this to turn around.
Webcam is on and things looking busy.
Go EXPH!!!
Please see post# 56946
I bought 500K shares at 0.0035
12/30/2009 12:40 PM $-1,750.00 Bought 500,000 EXPH@ $0.0035
Edit: It is through Zecco.
Veno - I bought yesterday at 0.0035....not for flipping though.
Happy New Year all and hope we have a great success ahead with EXPH and ETC.
"we apparently have a legit buyer trying to actually get shares thru etmm at .0035 which caused nite to book to .0037 on the ask first and then suspect the size of the bid .. spooked nite .. since nite booked to .0049 on the ask .. hmmm "
I bought 500K shares at 0.0035
12/30/2009 12:40 PM $-1,750.00 Bought 500,000 EXPH@ $0.0035
Also, I had orders in at 0.0034, 0.0033 (500K shares each) which I removed after some time the above order is executed.
I don't know why I am buying, but I am buying lot many shares at the current prices...because it's a "90% off year end sale" until 12/31/2009 :)
I use Zecco, I don't know if the orders are routed through ETMM.
Go EXPH!!!
I agree Gold/Taki....this is real BS and some people on this board call it as 'no manipulation' and so on.....approximately 5 M shares traded in the morning in 0.0047 - 0.0049 range and few thousand shares brought this down to 0.0037. This is definitely not making newbies happy who got in today morning and seeing this drop. By looking at all this BS, I would like to get more at current prices rather than getting out....because when news comes, this will fly.
By the way, Thanks to the person who sold me at 0.0040.
"to get this to .03 by the end of the year as so many of JD's staunch supporters called for, there will need to be about 2.5 billion shares traded in the next week, what-da-ya think the chances of that are?"
2.5 B shares needs to be traded to go to 0.03....LOL!!! I see only 14 M shares traded today(only 0.56% of 2.5B) and it is 47% up. WEEEEEEEEEEEEE!!! What happens if it really trades 2.5B shares...it will not be 0.03, it will be 0.30. IMO.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44787854
oops...my bad!
Thank You!
Here is my opinion on some of the questions:
Somebody who bought this stock on July 28 after hearing the conference call would have experienced almost nothing but disappointment and regret regarding their purchase and the events they expected.
When asked when will the new product be ready for sale? JD said you will see it on the market within the next 90-120 days. (about 7 minutes into part 1)- Can anybody find where these are for sale?
Which alludes to the 10000 unit order which we can now almost definitely conclude was the stanley order as that PR says that they will be utilized, not that they are for it.
Then they got to see the new product that was lauded as a game changer and turned out to be a gimmick cabinet.
Does anybody able to grab 0.0001's???
I use Zecco and Yes, they do allow market orders on pinksheet and OTC stocks, but the quantity should be less. It cannot be for 100K or a million shares....this is because there is a huge risk in keeping market order for the large quantity and that's why they restrict it. But Scottrade doesn't allow market order for pinksheet stocks even for a single share.
I hope this helps!
Seabiscuit - As always, Good unbiased post. Have you sent this to JD? If not can you please send and see what he responds to it.
I am not sure whether to believe if there is any manipulation or not...but this one is hard to understand and strongly believe there is manipulation going on in this stock.
It took enough volume to uptick and took only 5000 shares to bring it down?
EXPH Bid: 0.0055 Ask: 0.0058
Last: 0.0058 ($): 0.0008 Vol: 4,080,721
EXPH Bid: 0.0053 Ask: 0.0055
Last: 0.0058 ($): 0.0008 Vol: 4,085,721.
This is just BS....IMO.
Just a guess - Is company buying back some shares because it is highly undervalued???
Long and Strong on EXPH!!!
Good post.
That single fact alone would instill mountains of confidence in all shareholders . If the public float could be incontrovertibly proven to be only 30 % of the entire O/S EXPH's share price would not only be much higher but the PPS would be a lot more stable just on retail investor confidence .
O/S has increased to 72,583,586 as of Sep 30, 2009. Does anybody know anything about this? Also, could someone please tell me what is the total A/S count and current float. Thanks!
Speculator - Look at the volume from yesterday and today...It went up 400% yesterday on 7 M volume and today it traded around 700k (10% from yesterday) volume...so, it means there is no big sell off....IMO. PR's are not the only key to move the stock price.. volume is the key.
This is a hidden gem and soon the stock price will be reached to where it should be.
I doubt if there is any major selling now...some people might be buying at bids.
I have just moved all of my EXPH position from Scottrade to my Zecco account today.