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I still don't see any rebuttal to my scenario that you can prove differently.
A rebuttal isn't necessary wild guessing. A rebuttal would be necessary for trying to explain why this company scams investors on a daily basis. The numbers prove it to be 100% fact. Oh wait, that is why there is no response, because it is accepted as true. Some people just don't want to acknowledge it for fear of admitting their money is tied up in a sham.
Does your checklist include
1. more lies
2. more dilution
3. more scamming
If it doesnt, you need to make a new one, because that is all EXPH does. You know it, I know it. I loved reading those fins and I will love watching the SEC halt this stock.
blah blah more exph quotes.
They mean nothing.
Better off pulling random statements out of a hat.
sadly with this crappy economy
there were orders placed .. (materials bought)
and produced .. only to find those orders canceled
b4 products shipped
As usual the filings disagree. Their inventory dollars were in line with what they have always been. Obviously the number of canceled orders was minuscule.
Those pesky filings. Always killing crazy theories.
etc unable to be spun off
This makes less sense the the conspiracy theories. Why operate under the false assumption that it is easier to raise money once a company is spun off????
Expo has had zero troubles to date diluting.
It is also false to say that they were unable to spin it off. They simply chose not to.
since there was great difficulty getting the count on the shares for the dividend..
This is false information. They freely give out the O/S 5 days a week. They have a count at all times.
including their landlord
Of course the "landlord" loves Expo. He gets 175-220k per year in rent for a building he paid like 650k for(too lazy to look up the actual amount right now).
Can you imagine how sweet that would be?
Going forward
Riiiiiight. That's all we ever hear about. Going forward. Too bad it never happens. Expo is the same company it was in 2006 when JD and GH scammed shareholders for 400,000 bucks. The only difference is that they are making less money on the scam now because there are more people catching on.
Based on the financials it is very overvalued at .0012
Once the dilution train starts again it will be devalued even more. No doubt the dilution will be done with the excuse that it is to ramp up for production. Even though the financials prove that they are obviously diluting just to keep the doors open and allow mgmt to rip off more investors.
Very few companies (I can only think of Expo) miss projections for 2009 year end by over 70% when the guidance was reinforced over and over even into December.
Is JD using some excuse that a 4.2 million dollar order fell through in December? I actually bet he would stoop to that since he is nothing more than a thief at this point.
A few stores run by people related to the company or will it be a few legitimate stores?
Will the cabinets be donated stock in order to be able to tell people they are finally available for sale outside of glen's business?
I love how people made such a big deal about etc being installed and new pics being up and it turns out it was just a job done by glen, lol.
Why on earth would anybody care what mgmt had to say about anything anymore???
It has been proven that they are known liars. That's not a crazy theory like the NSS theories, it is a fact.
It is also a known FACT that massive amounts of dumping occurred last Sept 15th.
It is a known fact that Expo took out a loan for 400k that they were paying 240,000 per year in interest on this note. That is 60%. Why did the company take out a 400k loan???? Oh yeah so they could let the two directors put it in their wallets. I am not sure what they call that on planet conspiracy, but here on earth we call that scamming.
It is funny that this is all publicly available information but it is ignored.
How can anybody actually claim that this is a legitimate enterprise? What legit company pulls stunts like this?
that was FLAT OUT
FALSE INFO
Luckily most folks believe the SEC instead of JD.
Proof supersedes conjecture and fiction. Oh that's right, the SEC is in on it, lol.
also the 10% applies to O/S not A/S. You post that you speak to the SEC on an almost daily basis, surely you knew that already.
And the disclosure statement you are referring to was from 1/30/2007. 2008,2009, and 2010 are, and always will be, after 2007. I guess if we can just trust that form from 2007 then they surely did more than 1.6 million in revenues, have never engaged any stock promoters, had a positive net income over 200k, the O/s is still only 500 million, they still own the building, and JD is the CEO.
Or perhaps you need to bring a little more current info to the table.
Enjoy your day, happy to have helped educate.
You've been there, you've seen that they are producing and ramping things up
This is exactly what they want people to think! Did you not read the financials? They produce the stuff at cost(actually less than). Who cares if they ramp up?
Remember when they were talking about all of the truckloads that were leaving? Two truckloads a day(just to lowe's) resulted in just over 484k in sales. Two 53 foot trailers leaving every day in addition to the other shipments accounted for less than 0 bucks of gross profit. It has been rumored for a long time they were bidding on the cheap to get big name customers for PR value. Now it has been proven.
What if it was 9 trailers a day??? Yep you guessed it. Still less than zero dollars of gross profit. So who cares? This is just a vehicle to sell/trade stock and bilk the company for other streams of money.
Lets just give ourselves checks totaling 400k and NEVER pay it back. Lets sell our building and pay more than 1/4th of its value a year in rent to the "new owner". Lets then also let our "landlord" take payments in shares. Lets hook up the TA with three times what we would pay elsewhere. Lets buy and sell shares from the company's brokerage account. Let's have the CEO try and manipulate a stock message board to be able to flip his shares. Lets take out a loan from a friend and pay them an annual rate of 60% interest(note 3 of their 2007 fins). No wonder these people love the company so much. Look at how many have their hands in the pot.
These crooks make me sick.
Intelligent investors will reference past promises and performance versus the future predictions made before those numbers were released. They obviously provide a baseline as obviously very few companies increase revenues by leaps and bounds. Especially ones that show historically awful management.
Obviously if every year a company throws out predictions and every year falls flat it would be pretty stupid to take any of the future predictions seriously.
You know like a company that might throw out 12million, 22 million, 4 million, 6 million, 100 million, and 17million but continue to have their sales decline each year?
Kind of hard to listen to such a company anymore if you have done even an ounce of research.
mike you are forgetting about the fact that the TA and JD are not simply a vendor/customer relationship. Do some digging and you will see the connections.
The TA is part of the friends and family network. They may actually pay Guardian 7k to hook them up. What does JD care what they pay the TA? He will just trick shareholders for the money anyway.
Who knows maybe his buddy finds a way to give him a kickback.
Great snapshot Renee. To think, 52 PR's in 2009 and they post 1.6 million.
How do crooks like this get away with it?
Did you not read the financials???
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=36714
There you will see that the company only has assets worth 1.2 million. 400k of which is really just a scam by JD and GH. As you can see they have 1.3 million in current liabilities. So any minuscule assets they have are already spoken for.
Happy to have provided you with some help.
Predictions????
They are now pretty much fact. We have the fins to prove it. They cant even turn a gross profit, let alone net profits, lol
Good to see EXPH proving once and for all that they are bidding jobs at cost in order to be the low bidder and get big name deals in order to sell shares.
Thats right folks. Absolute proof has been presented.
1.6million in revs
1.6 million in costs.
Vindication for threeflight who called this back in 2008.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30307955
Inventory values from their last 5 fins.
374k
359k
341k
453k
475k
Oh and BTW the S in COGS means sold. As in if they sold 680k then the 400k would come as a cost which would mean that they would not have made money last year.
Accounting 101. You are welcome for the lesson.
no form 3's, no fins, no solid info...AGAIN!!!!
Shareholder meeting was garbage. I know it, you know it. Enjoy your day
It would seem to me you need to reread the PR from September 28, 2009.
Usually 2/3rds or more of our annualized sales are completed in the last half of the year. This year will be no exception. While we are pleased to have maintained a profitable status for the first half of the year; we are unsatisfied with our overall sales performance. We look forward to revealing increased 3rd quarter performance as a direct result of increasing demand. Additionally, sales guidance for the year remains as previously stated. Second quarter financials will soon be posted to pinksheets.com."
BTW September is after July. September 28 is 2 days before 3rd qtr ends.
I believe he also says in the CC that the 6 million figure was without etc.
It can be called nothing other than a lie. Period.
Coming in at less than a third of what you predicted for 2009 when you made those predictions all the way til the end prove it.
A miss like that doesnt sneak up on you. You know it within a couple months. He knew by September they were going to miss by a ton.
He continued to lie. It is also why he sat on the 2nd qtr 2009 fins for two months so he could release them after the 9/15 launch last year.
He is a scam artist and a crook. Period.
My heart goes out to the buyers at EOD yesterday. We know the company doesnt care about anybody's pockets but their own.
Why people surprise about 2009 revenues ?
I am certainly not surprised, but perhaps other people are because the company lied all along about what the numbers were. When the CEO is telling you right up to the end of the year that 6 million is the number and then you learn that they did 1.6 million it could be a big shock if you actually believe Pinocchio.
and you will hear it again and again from different people. That's the game. They need to give you something to hold on for. Hope.
Look how far back the promise of a better tomorrow goes. Big acquisitions, big future orders, new products, new unnamed customers.
Pure lies.
Revenues are probably below 2 million for 2009. That is where they were trending and the lack of cash certainly backs that up. If they did anywhere near what that moron and crook JD was claiming, they wouldn't have needed to dilute like they have.
Anybody surprised I was spot on? When will people finally admit this is, and always will be, a scam.
Perhaps the check bounced, so it took longer.
Does anybody remember when Expo actually delivered on something?
Is anybody shocked at all about the way the meeting went?
More of the same. Trust us guys. Big things are on the way. We really really mean it this time.
I gotta hand it to them. It is a good scam so far.
Maybe they didn't PR because they owe money to businesswire AND marketwire and can't afford to. More plausible than some of the other theories.
Not really. In fact it was expected.
The only question remaining will be when do they R/S.
i have to say this year's *site* of pr's sux .. business wire
has a god awful site to *navigate* .. thanks for the reminder
i'll mention that to mgmt the next time i touch base ~ perhaps
they can get back to market wire for 2011 pr's ~ i certainly
know what i prefer :)
I heard they don't use marketwire because Expo still owes them money.
They didnt. It was a made up story.
actually it has been proven to be a pump and dump without question. Sorry.
Especially when the SEC filings completely contradict what the CEO is saying.
What is also convenient is that now this info is being thrown out there right after the SEC redesigned their website and the older links are working improperly.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53683753&txt2find=kendrick
this info was already shown to be on the SEC website. Nobody questioned it. It was clear as day. itrader provided the link. Now the SEC site does some changes and the link doesn't work and JD is telling people that he was never a 10% holder. Too funny.
It is almost like it was choreographed the way the info was relayed.
Never fear, the filings can still be obtained. Sorry guys. Good try.
Actually what I asked was did he bring results last time.
He was once a 10% owner for Expo as SEC filings show. He is not anymore(although I guess he could have bought lots of the shares sold at the .0002-3 level diluted by the company which could put him back there). He did not bring any results last time around, so why would this be any different?
It won't. Just another leg of the scam. They are out of new stuff so they have to repeat old stuff.
That revenue went to Expo? Weird.
James has been involved with Expo since its inception. I did not realize he brought them revs from home depot regarding electrical fixtures. Is that in the filings?
OBVIOUSLY OR IT WOULDN'T BE LISTED AS A RECEIVABLE STILL!
Lmao.
The pinky CEO not taking a salary is one of the more common scams they run. They usually just defer it and almost always have convertible options in exchange for doing so. All the while telling people how they are working for free.
Or they use the fancy trick of saying their salary is $1 but they pay themselves a backdoor bonus of 200k.
Knowing EXPH's history as well as I do I would bet that they are pulling one of these scams.