Jeremiah : I would like to present answers that seem to be root causes for the extreme criticism ( by some / many ) against JDB and the other insiders .
To my recollection the EXPH insiders held approximately 320 million
common shares when those shares were converted from Preferred last year .
EXPH went on an earth-shattering news blitz simultaneous to that time frame , eg., Lowes , Newell Rubbermaid , Stanley Tool , truckloads of finished material leaving the facility , $100 million revenue projections , etcetera .
As we know EXPH's PPS ran past .03 cents on those earth-shattering news releases .
The insiders' ~ 320 million shares valued at a .03 cent average would equal $9,600,000 .....more or less from .025 to .0035 cents .
Speed forward to todays close of .0009 cents and those same ~ 320 million shares are now worth $288,000 , a whopping difference of approximately $9,300,000 .
Throughout the time-span from the average of .03+ cents to .0009 the insiders have steadfastly refused to file any type of confirmation filing that they did not sell their vast amounts of shares . Nor has the company filed any Financials to corroborate ANY of those earth-shattering news releases from yore .
To the more skeptical skeptic it appears that either JDB and the insiders are either dumber than a bag-o-hammers for not cashing out at over $9 million smackerooskis ....or morally bereft if they did sell for ~ $9 million while hood-winking everyone else with those cotton-pickin earth-shattering news releases .
I can hear the arguments ringing in my ears from *some* SOR's that JDB and his posse of Dudley-Do-Right Insiders are long-term holders who don't care about the *cough cough* temporary set-backs to EXPH's PPS since they are in for the long haul , but those arguments would be indefensible when EXPH continues to say lots and prove NOTHING !!
Thank goodness I am a reasonable skeptic who simply insists that the carpenters from North Wilkesboro prove their share ownership with a continuous timeline from the moment they converted their Preferred Shares to Common . Showing they own vast millions today means nothing without that evidenciary timeline because they could still have sold for $9 million bucks and then bought back for about $200,000 at .0006-ish .
So , dumber than a bag-o-hammers or morally bereft ? A big question ( to *moi* ) with no answer .
SOR stands for Shareholders on record , but could arguably stand for Shareholders On Ritalin for anyone who doesn't insist on verifiable transparency from the North Wilkesboro carpenters .
As I see it ,
Renee
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
