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Saturday, September 24, 2011 1:31:28 AM
1) There is less than a 25% chance there will ever be a shareholder meeting for Expo Holdings. Actually it is far more likely there is no chance at all, barring some miracle.
2) There hasn't been any significant or meaningful "new business" at Expo Holdings, Inc. since at least July...quite possibly a good bit back before that. You won't be hearing about any more "business" because the company is finished. Financial they have run out of options and really have no choice but to close the doors very soon. Unless perhaps you have a suggestion on how to run a display and cabinetry company without operating capital or raw materials.
3) There will not be anyone "new" running the company. Just the ones who destroyed it wrapping up some loose ends. Like $950K in debt...$400K of which represents shareholder investment which they will likely get away with.
4) No there won't be any more dilution by issuance of new shares. They are either prohibited by law from doing so or any money raised would be seized by the IRS or possibly the court system to pay their debts....making it pointless to even contemplate. Of course if you continue to believe that Expo's failure to further issue shares due to their alleged criminal tax evasion behavior and contractual breaches of faith are a good thing, by all means feel free to broadcast it. But the company is finished, the shareholder money all gone and any chance of it being recovered was over with the filing of the August 2011 IRS tax lien. I hope this helps to clear up any misinformation. IMHO.
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