Expo Holdings Inc. (EXPH)

[fourkids_9pets]

well i haven't been invested for 3 years
just 25 months and i've never been on site
for a SM but i've interacted immediately after
with folks who have been there for the past 2
one's held ~ but i have to say it's obvious
that expo holdings came this close to closing
their doors ~ which i honestly believe some
would have pref'd ~ i'm in the camp that is
grateful they survived

there are 2 very obvious clues of just how tight
money was and when it was *allocated* ~ pink sheets
got their 4600.00 on 8/31 and the date for fy 2009
fins was signed by the firm is 9/10

interestingly
thru all of that the co. kept their TA ungagged
which costs more than one who is *gagged*
which to me showed *transparency* when most needed
when mgmt raised their AS for the first time since
coming public (august 2006) this past march

fyi there is a significant increase for TA/s to
give out float and restricted info .. particularly
since nuisance calls go hand in glove with OTC co.s
and exph holdings has developed quite a fan club
i believe the cost given is 7,000.00 more per year
but i'm not sure if that covers *nuisance* calls

mgmt also made the decision to acquire the talented
folks from builder's choice n/k/a CIMA .. every person
who has met these folks has been impressed ~ it will be
very interesting to see what fy 2011 has to show re: this
acquisition

from my pov .. i thought this was an excellent choice
since it added to the product line (synergies and diversification)
and BC brought existing clients to the table

lastly mgmt has maintained since earlier this year
their co. websites .. including expo holdings which has
the shareholders' update section .. which has had some
excellent info posted thruout 2010 .. imo what most want
is more *follow up* as to what has shipped for each co.
every couple of weeks .. which doesn't violate NDA's

i do believe that *change* is coming within the next 2 weeks
everyone i asked about that said mgmt was receptive to that

---

there are very specific events expected out of this
mgmt/co over the coming weeks and months leading up
to the *cleaned* up balance sheet eoy for new ceo

who as i've posted previously .. one camp believes
to be kendrick and another doesn't .. regardless imo
the *change* re: mgmt is well timed .. and while i would
actually have pref'd this SM to have been canceled and
moved to eoy when all would be out re: fins/forms/ceo
and now etc's first retailer and interactive website

that wasn't my call to make ..

i said months ago .. i viewed every buy under .0007 as a
gift .. well if i'm *reading* rt l2 correctly and the next
goal is the 001 range i'm not too far away from buying some
more presents :)

but i still say the biggest aspect *in play* here is the well
over 400M + shares i see that there is a discrepancy with

as i said last spring after 6 months of consistently constricting
volume .. the only ones making the $$$$ on exph were those who
were shorting it down daily on contracting volume .. not exactly
what most of retail is known for

exph shares .. contrary to what is posted .. are at a premium
literally a handful of folks hold the entire OS .. and when form
3s come out for all insiders (mgmt and bod) it's gonna be very
interesting to see what is *claimed* then ~ particularly if the
last 100M issued in july was PP at .001 to a *friendly* sor and
shows up on a form d :0

from wed's pr ~

These same two individuals own restricted stock in the company and the company has never removed a restrictive legend from any of their certificates, nor has any share owned by either of these individuals ever been sold.

and lastly while folks can call jd a liar and other names
i ask what one would do in his shoes .. i see both sides here
after successfully meeting etc's launch on 9/15 .. he tries to
spin off etc as a private entity all the while expecting he's got
WW for ETC for X no. of locations to be announced at the SM on
12/2/09 .. instead WW was delayed and guidance for 2010 was
revised downward

imo by early jan 2010 .. mgmt knew of the imbalance of shares
and who it was traced back to imo tda which is understandable with
hindsight based on certain posts here ~ which is why ETC couldn't
be spun off .. add to that the totally unexpected passing of
WW's ceo (a private co. currently up for sale) and ETC lost
X no of franchises .. that wasn't a delay .. that was a CANCEL

so what came about next .. jd announces his resignation in march
to step down as ceo in may .. in may the co. acq'd BC/CIMA

and in june they first scheduled the SM .. but notice VOLATILITY
is still their biggest concern .. due to what was posted in wed's
pr

Shareholders are cautioned that extreme economic volatility with spikes up and down in demand is expected throughout 2010 &2011. These spikes are illustrated by the following sales facts. June 2010 sales declined by an approximate 70% compared to June 2009 Sales.

it most likely wasn't until they got july and august behind them
that they could *breath*

again .. i look forward to clarity .. would have pref'd for it to
have come this week .. i can live with 3.5 more months .. and i
truly want to thank the longs who were kind enough to post their
thoughts .. nate/gambler/penny and jrdig

i look forward to meeting all of you in person .. at the next SM

as always best to all exph sor

--
4kids
all jmo