Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

patch..."this management" almost certainly found out about the DTC ineligibility back in 2009. They thought that a spin off of ETC might allow them to skirt "selling" unregistered shares and gawd can only imagine the nightmare they might have had planned in that little adventure. I still believe (and this is 100% pure speculation for the record) that they intended to slowly move most of the assets out of the public end of Expo Holdings, Inc. (as I was warning about then to much ridicule) into ETC so they could accomplish what they were apparently forced to do using another method. That other method being (once again 100% pure speculation) 1) possibly creating an additional class of shares or altering a percentage of common shares so that Brown, Harrs and perhaps a few accredited investors with large PPs could completely control the company independent of common shareholders which could have 2) raised the infamous red flag to the brokers/dealers which percipitated the failure for some to allow normal trading in EXPH shares. You may note that it was right after the ETC snake oil extraveganza that those no trade complaints first begin to show up? Coincidence? Possibly. With this dog and pony show? I want to see the Form 3s....ALL the Form 3s and a highly detailed G&A expenditure breakdown for 2010 and 2009. Only then could I remove my red flag/stop sign of "100% pure speculation" and render an opinion I could state with confidence. Since I will most likely never get to see either at this point, it has to remain pure speculation. All IMHO.