Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

expo has very little debt the equipment and inventory are *easily* 2 to 3 X the current MC (using .0002 vs. 0001) and that is based on those first hand visits.

What? How much debt does Expo have? You are just devising a number with no basis in reality whatsoever. Asset valuations "easily 2 to 3 times the current MC"? Based on second hand hearsay of some "visitors"??? Were they skilled in heavy equipment and hand tool asset assessment? Were they experienced auctioneers? Were they just laymen issuing wild guesses according to what they wanted to believe or worse, what JD Brown wanted them to believe? What is Expo's equipment worth? Once again, no reality just an imaginery number. And you honestly base the true value of this company on a per share value of .0001 (or higher) when you know it is trading below that constantly? That stock price has ZERO to do with the liquidation value of Expo Holdings, Inc. ZERO. If you doubt me, take 100M EXPH shares and post them at ask for .0001. See what happens.

The company's liquidation value IS a negative number according to the last time factual records were available. It was valued at ($225K) by their own accountants. Since then they have diluted the company by 200%. If I were to hazard a guess (and it would be presented as a wild guess not as a fact as in your "easily 2 to 3 times MC" presentation), I would (kindly and very conservatively) estimate the liquidation value of Expo Holdings, Inc. to be a negative ($350,000.00) at this time. Of course, using your calculations and "valuation" theory, they could just raise the A/S an additional 3.5 billion shares and have that balance sheet "cleaned up" in seconds....well for at least as many seconds as it took for the news to get out and the PPS to drop to six digits non-report, LOL. All IMHO.

SBB