InvestorsHub Logo
Followers 23
Posts 4070
Boards Moderated 0
Alias Born 12/03/2007

Re: venomen2002 post# 98615

Wednesday, 07/20/2011 3:53:36 PM

Wednesday, July 20, 2011 3:53:36 PM

Post# of 103340
Expo Holdings has no cash on hand that isn't owed to someone else. They are NOT "paying down debt". They are INCREASING their debt. They can barely pay their current bills. They have not been "vetted by Lowes and a bank". There was no reason, no one in their right mind would lend then a dime. Lowes vetted only the contract Expo sent them because they couldn't believe how low the cost for the displays were. That was because Expo doesn't make money selling displays and can afford to lose thousands doing so. The display "business" is just a front, as you know, for their real business...which is selling shares to PIPE funders and other accredited investors at a discount to raise cash to enrich the principals. Principals who don't care about their shareholders or the display business at all...only themselves.

Expo Holdings is deeply in debt. Their true net worth is estimated accurately (rather than through wishful thinking) to be negative ($550K) or about -(.000164) a share. They will soon be forced to do one of three things...declare bankruptcy, continue dilution at a rate that will make last October thru February look like a grade school picnic or do a reverse merger into a new stock laden, mega-diltionary scam shell run by professional scammsters like the guys who helped Harrs and Brown start Expo to begin with. End result from either of the three outcomes? Simple, current shares worth NOTHING. Unless a shareholder lawsuit bankrupts them first of course.

You should try actually doing some research on the company...all the actual FACTS are online to vet the information I have provided. Just as they are there to prove everything you have stated as "factual" is non-existent. Most of the actual facts I use are coming from Expo Holdings own issued numbers and PRs. Have a nice day. IMHO.