Fair question , Santa Barbara Broker . In all of my experiences and observations with hundreds of fully reporting , SEC compliant companies I have learned that SEC Filings essentially mean diddly-bo-squat to the levels of integrity of the respective company's CEO . Too many SEC compliant OTCBB's have bilked untold millions of dollars from susceptible investors .
The same applies to electively reporting OTC companies .
A common denominator for SEC reporting OTCBB's and electively reporting OTC's is the complete vacuum of second or third party corroborations , proof if you will , of a legitimate business model and financial viability . It could also be argued that a public company attaining OTCBB status is most often the kiss of death to public investors because of the ever-ready accessibliity to very toxic venture capital that
is an untreatable cancer to the common equity .
The qualitative differences for Expo Holdings are assuredly not in any SEC Filings per se , but in the incontrovertible evidence of Industry Leader Giants like Lowes , Home Depot , Stanley Tool , Newell Rubbermaid , Bosch , and a host of other blue chip companies that purchase and / or market Expo Holdings productlines . Those third party corroborations are light years better than a thousand SEC Filings that are most often obfuscated to the point of being incomprehensible to the vast majority of untrained OTCBB and OTC investors , except vous et moi of course .
Industry Leader public companies have auditor scrutineers , internal control auditors , Articles of Incorporation ,
Sarbanes Oxley crippling standards , Institutions , and public investors that hold companies like Lowes and Home Depot , etc , to the highest standards of fiduciary responsibility and accountability . So then , although the third party corroborations to and for Expo Holdings are not found in any SEC Filings it is absolutely reasonable to believe that Lowes , etc have conducted meticulous due dilligence on the company . I imagine those companies don't care a rat's puhtootie about EXPH the stock or EXPH's SEC Filings . They only care about Expo's quality production standards and Expo's demonstrated ability to maintain those standards and fulfil their contracts without delay or excuse .
Moreover , Expo Holdings has bank loans with Wachovia , S.C. Bank , and Crestmark Bank that have no encumbrances attached against EXPH's share equity . For any fully reporting OTCBB or electively reporting OTC to get any bank loan whatsoever is monumental , and to not have any attachment to the trading equity is monumentally monumental ( pardon my play on words ) . It just does NOT happen for OTCBB or OTC public companies unless the company has incontrovertible PROOF of earnings , assets , and guaranteed revenue streams to qualify for the loans . The three banks evidently didn't care about EXPH the stock or EXPH's reporting standards .
So , you are certainly correct about the insufficient SEC documentations for EXPH , but as presented earlier in this post SEC Filings do not attest to any company's ethical or fiduciary standards , or the reporting company's business legitimacy or financial viability .
Bottom line , SBB , is to trust Lowes' , Home Depot's , the myriad of other companies' , and the three banks' due diligence on Expo Holdings . The stock should eventually
share commensurate respectability afforded to EXPO H. the company .
As I see it ,
Renee
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
