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Well I'll tell you what guys, this is either going to be one of the most stunning recoveries in a penny stock ever (assuming we get in the ballpark of previous 3 and 4 Q guidance among other possible developments/PR's) or this is going onto the stinky pinky roadkill hall of shame like most of the rest of them.
Interesting as they are on the outside best ask. Weird and wacky stuff.
Gambler-Have you had any conversations with JDB? If so, does he have any idea of the sentiment of this thing with no update in over a month? Any light you could shed on things would be appreciated if you have anything that you can pass on to the board.
I'm not sure about anything because the CEO is being the silent one. The only thing I know to go by is PPS and right now it's predicting not good things.
I'll tell ya, I could give a rat's potootee about ETC as it's something completely outa my control. I want an update on EXPH's biz, 3rd Q or what ever else he wants to throw in there concerning my company.
.0021 NITE and ETMM now at .0025 at outside bid.
Looks like NITE and friends are going in for the kill, see if they can get someone to throw in the towel. Wow, kind of amazed at the continuing mellowness on the board. To all appearances, this stock is dead meat and the CEO isn't concerned.
I have the sinking feeling that I'm going to be reading the phrase "worst economy since the great depression" again very soon.
It's essential that the PPS move above and stay above the 200 day average because once that one starts trending down, it takes a lot to get it to reverse. Sadly, the 50 day at .0064 has moved below the 200 day at .0067. This would seem to indicate a continuing downtrend in the PPS. I can think of no other time in Expo's short existence where the CEO's reputation is now completely and unambiguously on the line. I don't even want to think about ETC at this point because that potential holding does nothing for me in a material way for perhaps years and note to JD-please don't send certs to people--figure out a way to get them electronically posted to accounts. It will be hard enough holding this as a private stock in an electronic form; adding another layer of hassle to the thing in having to submit paper certificates to a brokerage (if you can find a broker that will accept them and post them to your account) is just unacceptable. All my humble opinion.
You know it truly pains me to say this but...that last financial report was so horrifically lame, I mean $915 in cash...that for them to hit even 3 million for full year 2009 would be such an incredible improvement to be almost like putting the co into a different realm and then I do think we'd see a penny plus for good. Sorry about the run-on.
My opinion and again, opinion, is that this co will be lucky to hit 2 million for the year. I just can't imagine that they have generated, what, 5 or so million in sales in the second half of the year? The problem is that we won't know full year until God knows when, summer, maybe.
I think your sentiment is heavily shared by holders at this point.
Tax Loss selling season
Pretty much says it all for weak stocks such as EXPH. If one is going to sit it out for hopefully better days PPS-wise, it's probably best to not pay much attention or get emotionally involved in the movements of stock prices as selling pressure, all things remaining equal, will be predominant as traders/investors dump the weak in order to offset gains (if any). See yas in the new year, have a happy season everyone.
Mods-Can someone pls pull the Varok sticky. Sorta past its expiration imo. I don't think anyone that had sold will be kicking themselves at any point.
Well it looks like .004 is holding for now. The only thing that I think could possibly breach them is if there is a huge wave of tax loss selling. I wouldn't rule out a lot of tax loss dumping but I think it would take an inordinate amount to get through all of those 4's. No one say famous last words.
There's now 8 market makers sitting at .004 on the bid.
The 2nd Quarter was released 26 Oct 09. The letter accompanying these financials was dated 28 Aug 09. Take from that whatever you want to. So, since it is now 2.5 months after the fact, the fins may well be "in house" as we speak. My opinion is that if they were good we'd know something now. My feeling is that he will release them when it makes sense for him to and it wouldn't surpise me to see him release them along with the dividend info.
Looks like the next support level is in the .0025-.003 area. Also , FYI, there are 7 MMs camped out at .004 which means they are trying to indicate a floor at .004, but we've been there before. Looks to be a bleak Christmas in Expo land I'd say. I welcome the predictable responses about averaging down and how ETC dividend is the greatest thing since sliced bread.
Poor little EXPH
Every time the bid hits .005, wack wack wack. Never gonna get anywhere at this rate.
Keep those market orders coming. We'll be over a penny before you know it! ;)
#1 ) JDB should repeal the ECT private dividend and either leave ETC as an integral , public component of Expo Holdings , or make ETC a separate entity but still an intregral component of the public company , Expo Holdings , with the dividend being a public share offering . The market doesn't like it the way it stands now .
Couldn't agree more with this one. Vital that he do away with this. Problem is, he, imo, has decided this one with finality. Too bad, because for us shareholders, repealing this decision would be the fastest way to get value back into our shares.
Gambler-if EXPH actually makes 9-11 million in revs in 2010 their PPS is going to be a heck of a lot higher than .009-.0011. I know you're being conservative though and thats fine, especially given that we really don't know if he'll hit those numbers.
Yesterday's activity was one of the most blatant identifiable manipulations I have ever seen on this stock. After the multiple buys at .0056, 57 and 58, they dropped the bid back to .005 on 10000 shares. They basically populated the bids at higher prices, suckered in someone(s) who wanted in and then dropped the spread back down at their convenience.
Nice big engulfing white candle on the daily today. Need volume which is harder to get now for reasons we well know. The lower the open of the white candle (it hit .0048 first thing this morning), then coming back up to engulf the previous day (we're past the previous candle main body at .0055), the more powerful the next advance should be. This is the theory anyway.
We'll get a run on real revenues. Nothing else will do it this time other than that. The good thing this time though is the PPS will have staying power.
IMO the PPS reflects the extreme skepticism the market feels towards JD's projections. It's up to him to meet or exceed. This is job one for him.
Webcam Up. Looks like the team is hard at work today.
http://wms141.netromedia.net/DDDIsplays
That'd be a shot in the arm if he hits or exceeds that number. Like I have said, this is the only thing, meeting or exceeding expectations, that'll move this stock out of its doldrums.
Yeah, it's nothing more than an intuitive thing and I could be wrong or we're being setup, but just watching the large volume at ask and how the MMs are responding to it (whether buys or sells at ask) is indicating an easing into the upside.
IMO today's trading pattern is indicating someone knows something. IMO of course.
This is an interesting development and it'll work both ways with the PPS. IOW, there will be less volume overall but if there's good news you might see a bit less flipping due to a big chunk of realtime players not able to get in the game.
Yes that's why it's so maddening. PPS's love getting real love from the CEO, they just lap it up and give it right back.
I agree Seabiscuit. I fear that he has decided to let it swing in the wind, for some reason. Maybe he's simply pissed at all the crap he's taken over the past few months. I mean, I know it's his own interests and the interests of family and friends at stake but I think there is somewhat of a deliberate, "f the stock" attitude that is happening. The French probably have a word for it. This is all my highly subjective opinion but I feel us shareholders are in perhaps the most difficult and dangerous position ever what with the murky future of the stock. I certainly hope once ETC is Glenn Harr's baby that he refocuses on EXPH and its shareholders. I have a very bad feeling and I don't think the CEO is particularly concerned about the share price at this time and that bothers me greatly. All my opinion.
Maybe JD knows the writing is on the wall for the pinksheet world and this partly informed his decision to move the "gamechanger" out of EXPH. Just a thought and kind of a horrible one at that. All of these major brokerages refusing to trade these things...this can't bode well at all for this stock. Looks like the Ameritrade discussion effectively killed what looked like a recovery in this thing. Oh well, just posting the obvious.
The only realistic chance of profiting from the ownership of ETC private stock is if it goes public one day in an IPO. Then, if the company has been a success, great profits may be made. Let's put this ridiculous notion of "there is always a market for private stock you just have to find a buyer" notion to rest once and for all. It is ludicrous and yes, it's about as likely that you'll sell your old crappy 70's tube socks (OK I really did get rid of these long ago) as somehow track down a buyer (how, where, who, and through what, more lawyers ?...) for ETC until it's public.
Varok-Nice analysis, very cool headed and objective.
I think the basic problem with the market cap/market's valuation of Expo is that no one believes the CEO's projections anymore. I'm not saying he won't hit them, but so far, he is constantly revising downward and the market sees this as a thorn in its side going forward. It is MOST important for JD to hit or exceed a forecast as soon as possible. This is the only thing that is going to turn the tide positive for the PPS.
Thanks for the info. At least there's that.