Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

Brown won't be there at the SM. 1) Unless he's gone absolutely nuts and 2) if they hold the meeting at all. You of all people should know that since you were already sent a set-up excuse from one of those "boots on the ground". "Michelle and Jimmy D out on the road five days a week slaving for the company"? You actually believed that BS, LMAO? It was a set-up for why JD Brown won't be able to attend the meeting because he is "working endlessly to provide the shareholders a good return on their investment". This dirtbag has lied to everyone outside the inner "good ole boyz shareholder pig trough consortium" since day one. He's a crook, he's being sued for non-payment of contractual obligations having to do with the company and he has knowingly participated in the tax evasion which precipitated the IRS placing a lien on D&D's property for 941 witholding fraud. He DID all that while supposedly being a fiduciary to his shareholders, a member of Expo's board and an officer of the company. He doesn't know how to DO anything but lie, and to have him at an official shareholder meeting answering questions would be suicidal not to mention invoking questions on whether or not the people who made the decision to have him there should be committed to mental institutions or not. Only the most Messianic and arrogant of egos could even consider going before shareholders under those circumstances. Be prepared to at least see him attempt to walk on water for the crowd if he shows up.

There is only one way you can handle this situation. You could maybe have Harrs duck in and out (Kendrick probably doesn't even work there any longer), but you turn the whole thing over to a non-fiduciary employee who doesn't know jack-s*** but can think on their feet, have them answer the questions with non-commital BS promising to get back to the shareholder with "solid answers" and pray to whatever god you pray to that somebody doesn't show up armed.

This talk about "debt being paid down" and "Kendrick" who is likely long gone showing up to save the day? You can't possibly be serious? DEBT being paid down? These guys are fighting KNOWN liens and lawsuits estimated at the low end to be well over $600K. Gawd knows what else exists we haven't uncovered. They owe their relatives money. They owe the company $400K personally. They have been proven to lie about company revenues a half dozen times and are probably not taking in more than $10K a month right now at best that the IRS isn't getting their hands on. PAYING DOWN DEBT???? LMAO! Paying down debt with WHAT????? Unbelievable....IMHO.