Thursday, July 28, 2011 7:53:21 PM
carrying the bag on one client of theirs that filed for BK
FALSE....nowhere in the BK filing is D&D Displays listed as a creditor.
Fall of 2008 when the credit market literally seized up
IRRELEVENT....JD sold blocks of discounted shares for $230K in 2008.....this set the stage for DILUTION.
MGMT going to restricted common from prf'd
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.
and second the CC in late July re: ETC
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.
fyi...nothing that happened to EXPH was unique..
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.
