12/02/2009 "The company has entered into an agreement to supply a nationwide retailer with our new proprietary product ETC. It is management's best estimate that by January 10, 2010 this retailer will begin store level training and implementation. It is also management's best estimate that this retailer, along with Expo Holdings, will go public with a formal stand alone press announcement in the very near future.
02/04/10 "plans continue to include an anticipated spin-off dividend and the first retail implementation of ETC. (Easy Transitional Cabinetry) brand cabinets. Both of these tasks have proved to be more complicated than we originally thought. I personally made the error in estimating the time frames, therefore, I alone deserve the blame for the delay. We will not issue an anticipated time frame for completion, nor will we issue anticipated time frames in future"..
2/5/10 Todd's death
2/8/2010 9:44:38 AM The company continues to prepare for a retail implementation of ETC. (Easy Transitional Cabinetry). Due to circumstances beyond our control it will be delayed for some undetermined period. Discussions continue with one home-center chain regarding our ETC. product.
03/01/2010 "Expo Holding, Inc. (Pink Sheets:EXPH - News),announces that display production has commenced and implementation and training at Window World of Wilmington, NC is on scheduled to be completed by mid to late march, 2010."
03/02/2010 WW cancels deal.
Considering that WW is located next door to EXPO and the fact that WW sponsored two race cars in the same Daytona 500 weekend that EXPO sponsored the two trucks..I would say that a deal was struck between the two companies for WW to carry etc.
That deal was no doubt made between Todd and EXPO and when Todd passed..it was either believed by JD that the deal still existed or that they were now still in discussions with the new CEO..It would seem a time table was set in motion at some point and when JD put out the news that training was to begin at WW..The new CEO nixed the deal the next day for reasons unknown.
When JD was asked why EXPO sponsored the two trucks at Daytona..he said he was approached by a retailer to be a sponsor..IMO..Why would he turn that down if the retailer..WW..told them Menards needed a sponsor?? You wouldn't turn them down if WW was also the company that was agreeing to take etc into their company..
Anyone that posts that there was no legitimate deal between the two companies is way off the mark..as well as anyone saying Todd's passing had nothing to do with the deal..
Because of the loss of WW..etc lost the private funding and the dividend was cancelled..That is when the dilution began..The company now needed the funding to ramp up etc production..get distribution channels opened up and get other retailers on board..
JD believed that etc was to have been in retail before the end of that year..He mis-judged the time it took and all that was needed to get that to happen..
I'll stay invested because the company has stayed alive even after WW went away..Yes..that took a lot of dilution..but EXPO is a legitimate company with legitimate contracts..which by the way seems to be getting closer to break even..I haven't seen an AS increase or RS yet that some here expect..That to me is a very good sign..Hopefully nothing stands in the way of the company continuing on without more shares needed...veno
To each their own..do your own DD..and the longs win here..All others are non shareholders or flippers..