Expo Holdings Inc. (EXPH)

[Acc441]

Based on equipment and inventory which is 100% lien encumbered the true MC is a negative number.

gotta hate being a non-insider shareholder.


The company is mired in debt and revenue does NOT keep pace with expenses. With minimal cash on hand, selling tools and no longer needed equipment sure came in handy. Not to mention the 180k which represents payment in full for CIMA work which is still in progress. Paul got paid but Peter will soon be upset. I would say that the company is insolvent regardless of the touting efforts of others.

July is coming to end with no removal of the STOP sign on pink sheets, no ownership forms filed, no timely filings whatsoever, no ETC retail outlets, a dead patent application, a dead trademark application and doghouses parked in front of abandoned hardware stores, D&D displays now employs fewer employees since it's early days of inception


Edit.....I forgot to mention that CIMA, EXPO's bestest division was formerly Builders Choice cabinets & countertops-a twice failed entity crippled by federal payroll tax liens....oh and 1 more thingy.. one of Expo's largest net assets per the 2009 annual.....the shareholder advances of course. $399K LOL