Wednesday, April 13, 2011 11:52:07 PM
It now sells products at breakeven
It has lowered its debt and paid off lease to own equipment..The 2 principles were loaned $400K when the company first started and by your own admission that debt is now lower..
UCC's on file have the entire company listed as collateral..and so do many other small companies..
It does recurring business with companies like LOWES resulting in revenue that is enough to stop dilution for now..
It employs around 40 people and it's 2 principles took no pay while the company was struggling to stay out of BK which they have managed to do.
EXPH-the stock is a long term investment in every sense of the word.
The economy slowing and equipment failures are just 2 examples used by management in many companies that have taken the route of BK to shaft their investors.
The fact that the company has survived in this economy and with equipment failure is due to recurring orders with companies like LOWES and the addition of Builder's Choice coupled with share sales..Share sales I might add that were picked up by those that believe in the company..
The company is at breakeven..and the one physical asset(The shaver street facility) was sold off and the end result is a rent factor that is now being mitigated by the addition of NRS that helps with the rent which is being paid to a landlord that is one of the largest shareholders in the company..
Lowes is still on board and will remain on board as long as Expo continues to provide the best quality product that meets their very high standards..
CIMA has no competition and was..before the economy went south..an award winning business known as Builders Choice making over $2 million a year selling and installing custom made cabinets..
Cabinet manufacturers and installers are not endangered species in Wilkes County North Carolina as long as they reside within the EXPO group..
Thanks to the company's transparency we know quite a bit regarding the insiders holdings..Considering there has been no selling..The insiders and those that believe in the company still hold the vast majority of shares..
hope this helps...veno
To each their own..do your own DD..and the longs win here..All others are non shareholders or flippers..
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