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This pps is sooooo undervalued. It needs to wake up already.
Great part from the news mentioned.
The company will not consider acquisitions via stock below the $0.02 per share threshold.
Huge News Out!!
Expo Holdings, Inc. Values Southern Candle Acquisition at $0.02 per Share, Provides Corporate Update
9:16a ET July 31, 2008 (Market Wire)
Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company which wholly owns D&D Displays, Inc., is pleased to announce it has valued the Southern Candle acquisition at $0.02 per share and wishes to provide an update to shareholders.
Southern Candle, Inc. Acquisition -- Both parties have agreed to value the acquisition at $0.02 per share. The shares are restricted for a period of 1 year upon issuance. The company will also pay up to $100,000 in cash in addition to the shares. The acquisition has been priced at $2,000,000. Southern Candle, Inc. has substantial assets and little liabilities or debt. Both companies agree that $0.02 per share is a more accurate reflection of the company's value.
Visit By Congresswoman Virginia Foxx -- The Company recently hosted a visit by Congresswoman Virginia Foxx. The visit was a success; shareholders, the local Chamber of Commerce and local business owners attended the tour. The upcoming contract is expected to double the employee base of D&D Displays as well as generate income for the local economy. The company was interviewed by a local radio station after the visit. The company will issue a follow up once Congresswoman Virginia Foxx has published comments on her visit.
Capital Structure, Recent Transactions -- The Company is in the process of converting $108,000 in debt by converting a promissory note owed to the officers of Southern Candle. These shares have not entered the public market. The company now currently has 406,637,329 shares issued and outstanding.
The company has released the transfer agent so that shareholders may now obtain outstanding share information via phone at 954-915-0105. Please do not make multiple phone calls per day to the transfer agent as we must be respectful of the transfer agent's time and willingness to accept the calls.
Financial Reports, Pro Formas and Pending Audit -- The company has engaged a pre-audit CPA to assist the company in preparing to complete its PCOAB audit as well as complete 2009 Pro Formas to be included on its Form S-1 registration statement. The company is currently reviewing quotes from several auditors in order to complete the combined 2007 and 2008 stub period financials. It is expected an engagement will be made and announced shortly. 2006 audited financials are already posted on Pinksheets.com.
Filing of Form S-1 -- The Company is currently reviewing quotes from Securities Attorneys to prepare and file a Form S-1 to provide a public offering and to become a fully reporting company. It is expected an engagement will be made and announced shortly.
Financing -- The Company is expecting to raise between $1.5M and $3M of Senior Preferred Debt in conjunction with its filing of a registration statement on Form S-1. The funds will be used to carry initial costs of its previously mentioned expected growth. The funds will also be used to expand operations and launch its retail initiatives. Future acquisitions will be made with a combination of cash and common stock. The company will not consider acquisitions via stock below the $0.02 per share threshold.
Short Position -- The Company has recently been made aware of short positions in its common stock. The Company is continuing to monitor the situation. Requests to change trading symbols and cusips have been received and reviewed and it has been determined that they are likely to be met with minimal if any success. We are placing our trust in the strength of our loyal shareholder base.
The company informs shareholders that our share structure is in a state of change. We are currently involved with the Southern Candle Acquisition and have begun final preparations for 2 more acquisitions previously announced. The company's share structure will change during this time.
The company has offered a Board of Directors seat to former NBA superstar Karl Malone. The company is awaiting formal response.
The company has begun work on the joint venture previously announced on July 21, 2008 and expects significant shipments to begin earlier than expected. Originally we expected to begin shipments in late October; we now believe shipments will be made as early as mid September.
The company will provide additional information regarding a shareholder conference call. The purpose of this conference call is to answer shareholder questions and provide 2009 guidance.
As always, shareholders are warmly invited to tour our facilities, and meet the management team. For more information contact Donna at 336-667-8765.
About Expo Holdings, Inc.
http://www.expoholding.com
Expo Holdings operates in North Wilkesboro, NC. D&D Displays is a wholly owned subsidiary of Expo Holdings, which specializes in custom cabinetry and high end store fixtures for retail vendors such as Newell-Rubbermaid, Inc., Bosch Tool Corporation, Kronotex, USA, and S&K Men's Wear. D&D Displays has been in operation since 2000 and joined Expo Holdings in 2006.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: Chad Sykes Investor Relations Email Contact
SOURCE: Expo Holdings, Inc.
I wouldnt let the bashers get to you. This is an open discussion board no matter how much bs is spewed. Giving in to the bashers just solidifies their agenda.
I'd like to see the 12mil contract we been waiting for.
Not that I know of.
.0025x.0026 (4x1) Heading back into .003's today imo, lvl 2 looking strong
Hard to fill at ask, shares are thin imo
Yes they could, I would go with the symbol change but since they plan on uplisting I would do it all at once and kill 2 birds with 1 stone. Shorts would have to cover. From what I'm hearing the uplisting is coming shortly so should be some fireworks coming hopefully soon.
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Picking up some .0025's think new bottom is set in.
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bet it wouldnt take much to move it back to .003 imo, seems like whoever wanted to get out pretty much is out or doesnt have much left.
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I have no doubts there is stuff that will come to fruition. You are missing my point, if there was nothing ready to go along with that pr a day later then they should have saved it. This could have been a fantastic turn around if they would of orchastrated it properly. Thats all.
Only thing I'm po'd about is them issueing a pr about the shorts and do nothing to back it up. You dont release news like that and just let it fizzle out. That was the fuse we needed if they could have followed thru on some contract news or whatever and if they didnt have anything then they should have waited to release that. 2 days makes a world of difference in PINKS as the pps shows. If I was the shorter I would be laughing to the bank, it just shows the incompetence here.
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You're right for some reason I was thinking it was friday but that was a great catalyst to get this moving and they just let it fizzle out thats what gets to me.
Yes this is turning out to be a complete circus the way they are running the pps into the ground. Just dillute away and not care about the shareholders. Dillution is bs plain and simple no matter how they try to spin it.
And by the looks of it the company isnt doing anything. To give us a pr right before close monday and then just let it fizzle out shows complete lack of knowing how to do anything with the pps. Set us up with a pr about the shorts and then dont even attempt to do a squeeze. Way to go EXPH!
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Unreal that they would release the pr friday right before close and have nothing else to go with it to add fuel to a move up. They didnt even pr anything about the Congresswoman visit like it didnt even exist. They totally dropped the ball on this one no wonder this isnt moving.
Boardmarks going back down so this should start moving up now since day traders have pretty much exited yesterday.
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If they released that pr about the shorts with no other news to go along with it then management and IR is complete incompetents imo. Talk about a missed opportunity to really move this stock back in the right direction.
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EXPH .0031 x .0032 (3x1) ready to move up
This shake was healthy to fill the gap, we will be moving back up today. lvl 2 looking strong.
Have you not been looking at the chart lately we been going green for days lol.
.0031 x .0032 (4x1) when this pops it is going to move hard imo
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Higher lows and higher highs this is in a steady uptrend. We keep going up and the bashers are getting scared or should I say shorts rofl. They cant hold it down much longer imo. Strong money will be moving into this later today.
Expecting more news soon, that would be a complete waste of a pr yesterday if they have nothing else to go along with it. Some big contract news would be nice.
True wasnt thinking about the gap. Probably the best thing this could do then was to come down to fill it imo.
SBSH is trying to drop this
EXPH looking good here. .0033 x .0034 moving up
Better cover shorty this is going to hurt soon :)
lvl 2 real tight ready to spring upwards
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Let's get this in mid .004's before we get news so we can blow the top off this. Then followed by more news later this week to keep momo going imo.
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Shouldnt take much to break past .0035 imo. Let's get into the .004's and higher today.
.003 x .0031 up we go, should move hard soon imo. NITE on bid, good sign.
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This should be ready to move back north , money should be coming back in from the other hot plays today that were just a quick flip.
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Shake coming up before we move higher after lunch imo. Seems we have pretty solid bid support so might not be to bad of a shake.
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*updated* lvl 2 snapshot for those without lvl 2. Nite sitting with big block on bid. Looking good for later today.
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3Q and 4Q will be huge for EXPH imo. All aboard it's going to be a nice christmas in the coming months :)
EXPH rocking north. .004's coming soon
Think some of the flippers have gotten rid of most of their shares as I see some are not around anymore. Should move steadily up later this afternoon imo.
We also didnt gap up which is great. Chart looks ready to rock north. Forming a nice steady upwards climb.
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