Tuesday, July 26, 2011 8:03:27 PM
Remember...the OTC is the wild west...the SEC issues warnings to pinkie investors and prospective pinkie investors.
The fact that the OTC/Pinks are poorly watched is exactly what attracts the likes of JD and *consultants* to the OTC.
Failing private company in need of instant cash......NOT for expansion.....they'll tell you that in PR's but it's the furthest thing from the truth. Simply compare revenues from 2006 through 2009 and the partial 2010 numbers.....D&D displays is shrinking and has been in contraction mode for YEARS. JD has used the OTC as a vehicle to transfer debt from himself and Glenn onto the backs of non-insiders who find themselves in possession of near worthless shares of stock.
To take from the company...nearly $400K in "advances" while the company was and is bleeding red ink is absolutely a slap in the face to each and every non insider holding shares of this scam.
This is nothing more than business as usual in the land of the Pinks .....scamming CEO's along with professional advisers/consultants who have chosen the unsupervised OTC as their personal playground...not by accident.
Ask yourself..in regards to the otc: given the lack of oversight
who..is in a position to take advantage of this anything goes- say anything you want environment?
Logic would say- the person(s) who ISSUE shares.
Logic would say- the person(s) in control of PR communications.
Logic would say- the person(s) in control of the company assets.
No market maker raised the A/S..nor did a Market Maker sell off the land and buildings.....and nary a market maker has ever authored a PR on behalf of Expo Holdings. JD did not arrive on the OTC by accident.
JD says he never ever has sold a single share of EXPH stock..yet why on earth did he check the 10% beneficial owner box on only 1 occasion regarding Form D filings? 1 Single time..after the initial form D filing he failed to check the beneficial owner box...why?
Pink Sheets...where failing private companies come to die.
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