Thursday, September 24, 2009 4:45:07 PM
EXPU is listed as being in default by Nevada SOS, for something simple like being late on submitting a list of their corporate officers. As a result, the general info listed by NV SOS is woefully outdated, for example they are listed as having 2 billion shares out, but this is not true, as confirmed by the company's agent of record.
Perhaps my biggest gripe with this company: the fee to update this info with the state is only $1000.
I have no idea why Mr. Rico refuses to update the information. Seems $1000 is a trivial expense to allay the doubts and fears of so many potential investors like yourself just trying to do their due diligence on this company.
IMOHO -- don't think we will ever get to see how high this can really fly without getting that corporate info updated in NV.
I've personally tried several times via email, requesting that Mr. Rico update the Nevada SOS info. I never did get any response from him.
I've been long here since May and have done well enough (avg. is .059/sh) but I just can't understand why Mr. Rico does not care about being listed as in default with his company's state of incorporation... Perhaps some of you on better speaking terms with the man can give him a gentle nudge in that direction so we can make new people here a little more confident about the company? //
Give a man a fire, and he is warm for the rest of the day;
set a man on fire, and he is warm for the rest of his life. ~ Pritchard
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