There has been no proof by anyone that the company isn't legit and the management isn't doing everything they can to make this company profitable
This is false. Proof positive has been posted repeatedly. The made up conspiracy theories don't explain it away.
The CEO has broken the law. Repeatedly. I have about 15 examples of it in my inbox alone. I can only imagine all of the others that have the same exact proof sitting right in theirs.
The Shareholder video with NO SOUND on youtube is another 100% undeniable violation of the law.
We aren't even scratching the surface of the many other areas the company/ceo has violated common ethics codes. We know 100% for certain that Glen and JD owed almost 400K(at least as of Dec 31 2009 it was that much could be more now, could be less) to the company. We know that this debt started in 2006 and we know for certain that AFTER that date that they received this money the company had a loan that they were paying over 25% interest on in order to support GH and JD having this money. Say what you want, but that means that they were costing the company TONS of money in interest that was not necessary.
How about the numerous times that the company PR's about things that just seem to never happen? I know I know, bad economy, macro environment, blah blah.
Here is the thing... Please show me the reports that state how the economy was going so poorly in 2006 and 2007. Even early 2008 things were generally still ticking along. Because I can show you examples of Expo failing to deliver (pun intended) back then. Also please tell me how the macro environement changed so drastically from December 2 to December 31st of 2009 that forced Expo to have 4.4 million in sales vanish into thin air. I will grab some popcorn for this explanation.
How about how JD had financials in hand lat year for 2nd qtr in August, but he waited until October to release them?
How about how etc. was lauded as a $100,000,000 product and they can't even find one retailer yet??? Oh wait cue the excuses that the Window World CEO died. Which is complete garbage. They were only even talking to WW because they were local and no retailer had any interest. If the big benefit of etc is that it will save retailers floor space, a door to door retailer doesn't really receive any benefit from it. My guess is JD tried to pull a fast one and use WW for PR value and got clipped real quick which forced the retraction.
I could actually go on and on for pages upon pages. The bottom line here is some people will come up with 1000 different excuses to try and create a scenario where Expo is just unlucky, a victim, ready to explode, etc etc.
At some point logic sets in though to most investors. They realize that all of these excuses don't add up. When you combine what we know 100% to be true with what is likely true it all points to one thing.
Expo Holdings is, and always has been, a scam. The PPS reflects it. The lack of buying interest confirms it and their past legal/ethical violations should send any prospective buyer running...
