Thursday, July 28, 2011 7:53:21 PM
FALSE....nowhere in the BK filing is D&D Displays listed as a creditor.
IRRELEVENT....JD sold blocks of discounted shares for $230K in 2008.....this set the stage for DILUTION.
The conversion rate from preferred to common exceeded the conversion rate from common to preferred resulting in an increase in shares for Glenn and JD...hardly a good thing...unless you are JD or Glenn.
ETC consists of a dead patent application, a dead trademark application and a dead website...and of course ETC was the subject matter of several false and misleading PR's regarding retail availability and revenue. Hardly a good thing unless you were fortunate enough to sell during the pump.
I agree 100%.....examples of failing,shrinking, debt ridden private companies going public via a R/M in order to relieve the original founders of debt responsibility...set up enrich insiders including *consultants* is all too common place on the OTC and ..as you said.....NOT UNIQUE to EXPH.
Pink Sheets...where failing private companies come to die.
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