Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

Acc...it is my opinion that any "retired share" statements being made by Brown or an Expo operative are a set-up for dilution. My question...is there a period under which "retired shares" not held as treasury stock remain defined as "retired"? Is it a permanent state as the verbiage would indicate? If there is a method of lifting the "retirement" restriction, then it would be as easy to "retire/cancel" shares for one day as for a decade. Do "retired" or "cancelled" shares simply vanish? If they have to be accounted for permanently (like the corporate entity that issued them) then odds are they can be "activated" as long as they "exist".

I get the feeling Jerry has been fed a line and has asked for clarification. I got the impression that Brown may have been specific as to these repurchased shares being "retired" and not held as treasury shares. Think about that...a company with no cash, twisting on the vine "retiring shares". Taking capital they would almost have to have borrowed and using it not to purchase raw materials or make payrolls or put into the avarice driven pockets of their principals, but to simply "retire shares" to add "value" to a stock trading at .0001? 300M shares...not even 10%? Please. So this gives a massive bonus of .00001 to current shareholders? "Hey, welcome to the 2011 shareholder's meeting. Great news! Your shares are now worth .00011 instead of the paltry .0001 they were worth this morning!" This is nothing but a dilutive set-up if that is being planned. IMHO.