Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

EXPH recovers 1.3% of massive 98.7% loss in P&D rally based off misleading, rehashed company PR. This small retracement means the shares have only 98.7% of a climb left until full losses are recovered. Management however, having free shares, are able to dispose of them at will which may have caused the stall in this somewhat poorly and disjointed recent pump run by EXPH management. It is encouraging to see that absolutely no FTDs at all existed in the last two weeks of July lending enormous creedence to the argument that there is simply no naked short interest, or actually any short interest at all of any kind in EXPH. Weakness in company basically stems from massive ongoing dilution, the fact the company is almost out of shares and will be forced to utilize company cash credit lines (impossible to imagine considering co-signers most likely will no longer occupy CEO and/or President executive positions shortly) or continued dilution with RS or A/S increase, increase in orders historically points to massive increase in G&A expenditures which generate overall bottom line losses and uncertainty about management future. EXPH a very strong sell. All IMHO.

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