Expo Holdings Inc. (EXPH)

[RichieRich49]

I just read the 2Q financials and I see why they were delayed until now. The sales were down for the qtr and are only $860k YTD when JD told us he would do 6-7M this year. There is a small operating loss for both the 2nd qtr and YTD. Does anyone know what the $762k note payable is for and how he expects to pay it off this year? With all of this activity that we see on the webcam I would expect to have more than $105k in A/R.

On the positive side there is no long term debt and the losses have been very small for the year.

So in the 3rd qtr financials which should be out soon I would hope to see increased sales and for them to show an operating profit and improved guidance for 2010. Then I would feel better about my investment here.

Still long and strong for now.