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Sunday, July 10, 2011 4:33:46 PM
Jerry...an accountant and an attorney who do this sort of thing for a living put Expo together for a piece of the action. Rather than make one or both of those two even richer than they already are by suggesting some names, that ought to be plenty enough for you to narrow down the Expo dance card of thieves. Neither Brown nor Harrs had the smarts or the wherewithal to even conceive of how a stock scheme works (I mean come on...they lost $347K of their own money in one year running a pathetic display stand company for gawd's sake) and Karl Malone needed neither the money nor the possibility of poor press so bad as to get involved in such a chump change set-up. I doubt Malone ever even knew or suspected what was going on until he was asked to sit on the board so they could use his name to sell more shares. I imagine his investment people were approached by Expo's PR mongrels sniffing out cash for the start-up and they handled the entire transaction.
Expo is nothing but a simple reverse merger into a NV corporate shell which already had stock. A couple of filings here, a few stock splits there...voila! Expo Holdings, Inc. Then a few PPs to the inside players, file to sell shares to the public on the pinks, a P&D to set up cash flow to the principals, a nice $400K "shareholder advance" to pay off all the personal debt they incurred with D&D Displays and they were off and scamming. Liquidate all the real property of the company, convert the assets to cash which gets stuffed into the principal's pockets, run up a rental scheme where assets once stood and let the shareholders assume all indebtedness. Swap all remaining assets for encumbrances, distribute the cash as soon as it comes in keeping only enough to run the front company and dilute the POS into the ground using discounted shares to PIPE funders. Being careful to keep it alive as long as you can drain a plugged nickel out of it of course. Then, when you've squeezed the first generation of shareholders for every dime you can shave off them, do what is coming in the VERY near future...a massive R/S so you can start up a whole new dilutive phase with a fresh set of much higher priced (and lower volume) stock or accomplish the same basic thing through a reverse merger into a new shell.
You could easily arrange to do the same thing with your business. All you need is the right accountant and attorney...preferably scumbags with absolutely zero ethics and the morals of alley cats. Of course you, like Brown and Harrs, would then have to abandon your personal sense of pride and character and be able to sleep at night knowing you are constantly lying to and robbing family and friends as well as hundreds of people you never even met. And then continue to do that and live with yourself for literally decades if the scam was successful.
Gee, I don't know Jerry. Suddenly it doesn't sound all that "deviously smart" when Expo is exposed for what they really are. More like deviously f'ing pathetic and sad, wouldn't you say?
All IMHO.
Expo is nothing but a simple reverse merger into a NV corporate shell which already had stock. A couple of filings here, a few stock splits there...voila! Expo Holdings, Inc. Then a few PPs to the inside players, file to sell shares to the public on the pinks, a P&D to set up cash flow to the principals, a nice $400K "shareholder advance" to pay off all the personal debt they incurred with D&D Displays and they were off and scamming. Liquidate all the real property of the company, convert the assets to cash which gets stuffed into the principal's pockets, run up a rental scheme where assets once stood and let the shareholders assume all indebtedness. Swap all remaining assets for encumbrances, distribute the cash as soon as it comes in keeping only enough to run the front company and dilute the POS into the ground using discounted shares to PIPE funders. Being careful to keep it alive as long as you can drain a plugged nickel out of it of course. Then, when you've squeezed the first generation of shareholders for every dime you can shave off them, do what is coming in the VERY near future...a massive R/S so you can start up a whole new dilutive phase with a fresh set of much higher priced (and lower volume) stock or accomplish the same basic thing through a reverse merger into a new shell.
You could easily arrange to do the same thing with your business. All you need is the right accountant and attorney...preferably scumbags with absolutely zero ethics and the morals of alley cats. Of course you, like Brown and Harrs, would then have to abandon your personal sense of pride and character and be able to sleep at night knowing you are constantly lying to and robbing family and friends as well as hundreds of people you never even met. And then continue to do that and live with yourself for literally decades if the scam was successful.
Gee, I don't know Jerry. Suddenly it doesn't sound all that "deviously smart" when Expo is exposed for what they really are. More like deviously f'ing pathetic and sad, wouldn't you say?
All IMHO.
