Closing stores would indicate to me going through with their plans. They predicted it and they did it.
This was first announced by JD in 2008 when Expo was floundering. The company's revenues were tanking, losses were piling up and JD was PR'ing about huge projects and expanding the workforce all the while Expo was drowning and was only afloat on the backs of shareholders. People try and pretend that he simply got blindsided by the economy, but that is simply not true. There is a much simpler explanation. He simply was lying to everybody. He PR'd in December of 2008 that they would do 3-4 million in the first qtr of 2009. That's a very tiny window to make such an awful projection. 3-4 million yet they only did 500k?
Sure times were tough, but that's not an applicable excuse. Why may you ask? Because in the very same PR's JD was acknowledging the tough times and trying to use it as pump leverage.
Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company, which wholly owns D&D Displays, Inc., is pleased to announce it plans to more than double its current workforce over the coming months to meet growing demand for its retail displays.
or this...
In this economy, unexpected opportunities must be capitalized upon and we intend to do just that.
Then before releasing the terrible 2008 financials JD released this dishonest piece of trash statement...
"2008 was a tough year, but I am pleased that Expo has been able to hold its own during this very difficult time. Our subsidiary D&D has produced over $400,000 in gross profit during 2008. Gross profit, is a direct result of the company's operational performance."
Hold its own????? Come on. How can he say that when the company lost almost a million dollars? How can he release a statement about gross profit for just a subsidiary? What purpose does it serve other than to be misleading?
Then when the big revenues for the 22 million dollar project never happened he blamed it on a customer and said that they changed their plans. Well does it really seem like Food lion has drastically changed any plans??? The predicted numbers in their filings seem to match the actuals from the next year pretty spot on.
The bottom line here is JD knew all along his company was in big trouble. Its why current holders should be very weary. The guy is releasing the old pumps. Trying to lead people down a path to buy into his hype, instead of looking at the facts.
The facts are simple. This company is cash starved, is hiding their financials, and has a known liar at the helm who just so happens to owe the company more than what they just had to raise through dilution.
Heaven forbid JD himself pay back the money he owes and keep the company from having to sell off shares. How unreasonable, lol.
Now ask yourself what purpose does it serve for JD to abandon his shortlived mantra of only releasing news when it has actually occurred and quickly revert back to old form?
The answer is easy and obvious. He has done it over and over. To sell shares.
Remember when people were pointing out the open 504 and some people were saying it was just a paperwork error? Funny huh how the obvious answer turned out to be true. It was written the way it was on purpose, not an error. They planned on selling more shares all along. That's why it was filed in 2009 and stated it was intended to be used for OVER a year.
Anybody ever wonder how there are so many crazy stories always swirling around? Prank calls to Window World to cancel the deal, prank calls to the TA pretending to be JD, certs that just can't be obtained, paperwork errors with the SEC, NDA's, massive short positions.
I mean come on really? It doesn't take encyclopedia brown or perry mason or heck even Clouseau to figure this one out. Those things are all lies and slight of hand tricks. Look over here while we fleece you over there.
