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Soon!!! Duh.
ps soon means very delayed to possibly never in the EXPHictionary
Stockholders of the Company received advances from the company during the year 2006. The outstanding advances
receivable due from these stockholders as of December 31, 2006 totaled $375,911.
I dare you to try and stick to that silly theory now.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=12800
I asked JD about them and he admitted him and Glen owe the money. Can't spin it.
Looks like you might have some inside information that none of us have..Do you have a link to the management using any of the money they borrowed for personal use??
Inside info? Since when is the ability to read inside info?
It is right in black and white in their financial statements that JD and GH borrowed money from Expo.
Inside info, lmao.
It must be nice to simply revise the world to make it look like something isn't what it appears.
The company is a scam. It has been proven. The CEO has broken the law. The company has never hit a single revenue projection and has missed pretty much every single other prediction ever PR'd. The company loses money like crazy. The propaganda they spew is simply not believable because it never comes true.
Shareholders being conned is the only reason why they still are open.
Now a ridiculous person can look and say "well that is all in the past, today will be different, swearsies." But that isn't how the world works.
If MGMT was doing everything they could then they would pay back the money they owe and use it to improve the business instead of their personal lives.
I haven't been buying shares since this thing was over a penny and increasing my holdings the whole time so I can see it all clearly.
My favorite is how the story gets spun so many different ways.
First it is them giving a loan to Expo. Now it is them getting the money to take out the money they put into D and D originally.
Nevermind the fact that this already happened and the owners of D and D were issued shares in exchange for this.
Classic actions of a scam company. When caught, tell a different lie.
You keep posting that JD and Glen borrowed 400k from the company which is flat wrong. Let's examine the 2006 financials, which are prior to EXPH becoming public. EXPH became public in 2007.
I stopped reading after the bold.
I suggest you look into it a little further.
PS...JD has already admitted they owe the money.
Yes, it is money owed to the corporation by myself and Glenn Harrs.- JD Brown
I'd say its been a moneymaker (for some, if not most) for over a year now
It is impossible that it has been a moneymaker for most. The loss of market cap is staggering. The dollar volume traded above this level far outweighs the dollar volume traded below this level.
There has been no proof by anyone that the company isn't legit and the management isn't doing everything they can to make this company profitable
This is false. Proof positive has been posted repeatedly. The made up conspiracy theories don't explain it away.
The CEO has broken the law. Repeatedly. I have about 15 examples of it in my inbox alone. I can only imagine all of the others that have the same exact proof sitting right in theirs.
The Shareholder video with NO SOUND on youtube is another 100% undeniable violation of the law.
We aren't even scratching the surface of the many other areas the company/ceo has violated common ethics codes. We know 100% for certain that Glen and JD owed almost 400K(at least as of Dec 31 2009 it was that much could be more now, could be less) to the company. We know that this debt started in 2006 and we know for certain that AFTER that date that they received this money the company had a loan that they were paying over 25% interest on in order to support GH and JD having this money. Say what you want, but that means that they were costing the company TONS of money in interest that was not necessary.
How about the numerous times that the company PR's about things that just seem to never happen? I know I know, bad economy, macro environment, blah blah.
Here is the thing... Please show me the reports that state how the economy was going so poorly in 2006 and 2007. Even early 2008 things were generally still ticking along. Because I can show you examples of Expo failing to deliver (pun intended) back then. Also please tell me how the macro environement changed so drastically from December 2 to December 31st of 2009 that forced Expo to have 4.4 million in sales vanish into thin air. I will grab some popcorn for this explanation.
How about how JD had financials in hand lat year for 2nd qtr in August, but he waited until October to release them?
How about how etc. was lauded as a $100,000,000 product and they can't even find one retailer yet??? Oh wait cue the excuses that the Window World CEO died. Which is complete garbage. They were only even talking to WW because they were local and no retailer had any interest. If the big benefit of etc is that it will save retailers floor space, a door to door retailer doesn't really receive any benefit from it. My guess is JD tried to pull a fast one and use WW for PR value and got clipped real quick which forced the retraction.
I could actually go on and on for pages upon pages. The bottom line here is some people will come up with 1000 different excuses to try and create a scenario where Expo is just unlucky, a victim, ready to explode, etc etc.
At some point logic sets in though to most investors. They realize that all of these excuses don't add up. When you combine what we know 100% to be true with what is likely true it all points to one thing.
Expo Holdings is, and always has been, a scam. The PPS reflects it. The lack of buying interest confirms it and their past legal/ethical violations should send any prospective buyer running...
There has been great DD done on Expo Holdings. Unfortunately for bagholders it all points to the same conclusion. I can look back on all of the events, and I actually laugh that there are still claims of what a legit enterprise this is.
Lets just look at a few facts that demonstrate the lack of ethics...
This company has raised its authorized share count multiple times this year. They repeatedly claimed there were no plans for this.
This company claimed publicly that they expected 2009 sales to meet guidance up until December 2009. They fell short by over 70%
They stated in a PR on October 19 that they expected 2009 to post a profit. They lost over 500 thousand.
They released a shareholder video(and PR'd about it) that has no sound because the sound has been shut down due to a copyright violation.
The CEO used illegal unregistered software.
The company used pictures on their first choice closets page that were in fact pictures of California Closets.
GH and JD borrowed almost $400,000 from the company. The company had a loan that they were paying over 25% interest on after this money was borrowed.
These are not predictions, guesses, theories, or postulates. These are absolute facts. People can try and come up with a million reasons to explain away why these events are ok, but the bottom line is they occurred.
Did anybody's past DD conclude with the miserable 2009 financials and refute JD's predictions?
Gee if only somebody had repeatedly predicted that the sales would be less than 2 million...
That sure would have helped investors see what they were looking at.
Oh wait, I did that.
Let me sum up this post.
Expo MGMT lies. They make up stories to explain their lies. They dump shares. They blame made up nefarious forces for this.
EOM.
the only reason it is a non issue right now is because a patent isnt necessary if nobody wants to buy your products.
Who wants to copy a design that nobody wants??
I tried to make it as clear as possible, read some PR's not all, and then i think you will probably ask yourself; how is it possible that this stock is so low?
Or perhaps one should read their financial statements instead of their PRs and then realize that .0001 was inevitable.
Stop trying to be logical itrader. You are just supposed to trust that JD is just playing with the bashers remember? It is all part of the grand master plan. He has been battling them for a long time. Poor guy. His legitimate company would be making millions if not for bashers.
I have yet to see anybody who makes this claim actually explain how bashers or market manipulators could take down a legit company, but hey just go with it right?
Don't forget about the inevitable symbol change also.
I am still in the green so no bleeding hearts for me
flippers are the only ones in the green on this. It is the longs that get screwed over. Any longs that started buying in September of last year and kept "averaging down" are absolutely in the red.
It sure looks to me like JD is to continue on in sales and marketing
That is certainly not good news. Thanks for pointing out what a failure he has been in all aspects.
They just as likely hate exph.
This is likely not true. They probably have never even heard of Expo. They deal with D & D displays. When I spoke to John Butler he had never heard of Expo. He only knew of D & D and loved the low prices they gave him. Which makes sense since they sell their stuff at a loss.
A new CEO is coming on board
yeah we know. been coming on board for months and months now.
The bashers don't have their heads messed with because they don't find EXPO management credible anyway
This whole theory is hilarious. I mean come on really? Lets release a bunch of PRs that make no sense to mess with people that say we are scammers???
Why not just admit it is a scam and save everybody the time?
No problem. Happy to help. I hope they do it less often since they sell at a loss.
I must have missed the positive news?
The fact that they have shipped to Lowe's 1500 times since inception is really not much to get excited about.
it also doesnt give a time frame. it could mean they completed their 1500th shipment ever to Lowe's.
150 a year for 10 years.
Sounds about right for this scam.
If you invested 5k in EXPH on September 15, 2009 your investment would be worth 105 bucks today.
Finally steadied at no bid huh? Shocking
At .0008 this thing is still overvalued.
.0001 is overvalued actually.
Has it been 15 days yet??? Where is the product? Oh yeah it was delayed due to circumstances beyond their control. I am sure we are all shocked.
or like how they expect 4 million dollar orders in the 11th hour, lol.
Just in case anybody was still unsure about the status of the 400k that GH and JD owe the company, I have word from JD himself.
Yes, it is money owed to the corporation by myself and Glenn Harrs.
looking forward to the next level in expo's *transition
Get ready to hear a lot about transition. It is the next level of the scam. See once it is proven that the former scam is just that, a scam, companies like this have to create a new misdirection.
Acquisitions, new products, new strategies, new marketing companies, etc etc.
Never any results and the only number that goes up is the AS. Same scam different city.
Who thinks that the mysterious retailer will just be a subsidiary of Expo? Create a corporation for a few hundred bucks and the create a crappy website for cheap and pretend to be a "retailer".
Say something like how "online shopping is growing and we are happy to be on board with BS Online Stores. We may or may not need to dilute shares in order to increase production for this increased pent up demand."
Exactly the kind of stuff I am talking about.
On October 19, 2009 they claim in a PR they expect a profit. Less than two months left of production for them at that point (Expo shuts down for two weeks) and they were still trying to claim that they would have a profit?
What would their argument be? We were expecting a 4 million dollar order to ship in December and it just fell through? If you pointed out that their inventory didn't reflect such anticipation they would just lie to the investigators and say it was going to be a super secret NDA drop ship order from a mysterious factory in china.
Does anybody think JD will try paying message board posters again?
We know for certain he has done it in the past. I bet he will do it again, or perhaps already has.
Does anybody ever think JD and GH will pay back the money they took? 400k would go along way to pay some bills and increase some shareholder value.
Looks like people are finally starting to get the message. Interest has dried up thanks to all of the good hearted people alerting everybody to what a scam this stock is.
Keep up the good work Basser, Renee, itrader, barber, etc. it is a great service to humanity and investors to help keep somebody from diving into this ridiculous front Expo has built up.
etc. isn't going anywhere. Crapinets have zero demand. It was a scam to sell stock.
The introduction will begin soon
Now where have I heard that before??? Oh yeah, last year's conference call, lol.
How long can they continue this scam? How long will people keep falling for it?
Who is ready for an ambiguous misleading PR that leaves out major details like perhaps the "customer" name?
updated expectations I see. Again.
What happened to Q4 being audited?
What about the expectations for 9/15?
Scam company.
or made up fake sales projections?
100 million, lmao