Expo Holdings Inc. (EXPH)

[venomen2002]

I answered this already..

You ask..

"Let me phrase this as a question... if EXPH needs to borrow money, do they currently have an agreement in place with Wachovia, Wells Fargo, or Crestmark in which they can borrow money?"

The answer is yes..and like I said before..it is in plain English..Taken from the PR back on June 29th..Read the last three lines carefully..and forget the quotes you have given some meaning that doesn't exist..

"James Brown, CEO, stated, "We have restructured nearly $400,000 worth of our short term loans with Wachovia Bank and Southern Community Bank into long term notes with the same entities. There are no convertible debentures. No shares have been or will be issued in regards to this debt."

"The rates are favorable and we appreciate the continued willingness of each bank to fund us, even after experiencing a tough year like last year. We anticipate continued good relations with each bank now and in the foreseeable future."

"Additionally, Brown stated, "We also continue to enjoy a great relationship with Crestmark Bank. We operate and use a 1M credit facility with them."

"The company expects to use this line heavily in mid to late 2009 funding its anticipated accelerated growth plan.

Now unless you believe the CEO is lying..then the company can draw down on that 1M "line" of credit..Also..from the periods shown..it looks like the company can and will do that if needed this year..

I am not invested in this company yet..I am watching to see what comes next..Good luck to all of you that are invested..Also congrats to all that got in when it looked like the company wouldn't make it and stuck with them at least this long...veno