Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

gold...I'll likely be corrected on this, but I'll try. I believe that warrants for common shares like convertible debentures can only be issued by qualified public companies. EXPH and other highly illiquid pink sheet companies are not qualified or permitted to issue such instruments as far as I know. Renee knows why and has posted the reason here before. The difference between authorized shares (A/S count) and outstanding shares (O/S count) is that authorized are the TOTAL number of shares the company is permitted to issue without doing another A/S raise. The outstanding count is the number of shares that the company HAS issued inside of the current permitted A/S. The float is the number of free trading shares. The reason we don't know the float is because that would be the cake coming out of the oven toward knowing whether or not Harrs and Brown sold shares. The Form 3S would be the icing on that cake. A cake that would then need to be equipped with a file and sent to both of them if it should be proven true (as generally believed) that they (or a third party acting in their interests) sold their "restricted" common shares. IMHO.