Expo Holdings Inc. (EXPH)

[99leadballoons]

The Company has a line of credit from a business that calls for monthly interest of $10,000 with an outstanding balance as of
December 31, 2006 of $462,500.

In your North Carolina accounting class does this mean that Expo was getting paid 10k a month from a business? Since it is listed as a payable that must mean it is payable to Expo right?

In 3rd quarter of 2006, the Company increased the authorized number of shares to 1,000,000,000 shares, changed its par value
from no par to $.001 par value per share, and did a 10 for 1 stock split in August of 2006. The Company sold 2,600,000
shares of stock for $52,000.


How was this possible before 2007? lmao...