4Kids : One could also argue that despite cash being a " precious resource " that suggests the company could ill afford to spend on Financials filing costs , had the company spent the understood expenses for filing Financials as a public company EXPH's share price would have reflected that transparency , and the intended dilution for all cash needs would have been at a much higher PPS than by not filing Fins . More money , less dilution .
It is a generally understood principle that truthfully transparent public Securities are generously rewarded with positive investor sentiments which usually translates to higher market capitalizations , specifically Prices Per Share ....even on the Pink Sheets .
Of course , the above contention is predicated on EXPO's Financials reasonably reflecting revenues the company touted in their news releases . Surely those ' 50 truckloads ' heading out the loading dock loaded with EXPO cabinets had to generate revenues , plus all the other blue sky projections of 2009 and 2010 .
So , over 2 billion discounted shares sold for peanuts because EXPO HOLDINGS refused to file Financials because they didn't want to spend $4,000 ( whatever $$ ) that ALL public Pink Sheet Securities must pay to be CURRENT . With all those truthful accolades bandied about for this company by advocates parroting JDB's holy grail gems of truth EXPO could have realized all the known benefits for that purportedly truthful transparency .
The company was either reckless and derelict for not filing Financials and subsequently diluting over 2 BILLION shares because of that abject NON-transparency , or the company could not file Financials that would expose major discrepancies between their news releases and actual results .
The " gushing posts " from 2009 evolved to extreme objections because of the very apparent discrepancies from earth-shattering news releases in 2009 that resulted in " substantial losses " in the 2009 Fins to the company refusing to file anything since then .
So , reckless and derelict for diluting because they refused to file Fins , or time-lapsing the discrepancies between news releases and actual results by being evasively NON-transparent since the 2009 Fins .
The market evidently goes with both as .0001 says it all .
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
