Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

BMXD acquiring EXPH?

It would be a strange sell. Not that that would be unusual in the pinks. BMXD has an A/S of 200M shares with only 4.9M +/- outstanding. They are just a shell basically that claims to perform "motorcycle repairs". They earned $1860 in 2010 at a cost (loss) of $17,644 which they may have offset with share sales from 2009. Mike Bongiovanni is CEO. Dean Stewart, CFO and mechanic in the "200 SF facility of which 100 SF is office" leased for $100 a month. They also have a "gratuitous arrangment" with Stewart for using his 1100 SF garage apparently. There are two other BOD members, Robert Cottone and John Phelps.

It would be an interesting sell for Expo Holdings as to how they would explain a merger with a motorcycle repair shop doing business in NC yet headquartered in FL and a display/cabinetry manufacturer. But nothing is beyond Harrs and Brown's ability to spin a tale, so it is always possible. BMXD is a strange set-up just hanging there in space. Bongiovanni doesn't run much money through it and they file regular SEC financials. I suppose if they were going to turn a buck on it, absorbing EXPH might be the ticket. What a convoluted, impossible to explain mess that would create. In other words...pretty much the same thing as now. All IMHO.