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Re: venomen2002 post# 101532

Friday, 10/14/2011 10:57:58 AM

Friday, October 14, 2011 10:57:58 AM

Post# of 103340
Ok venom let's go with this thought that JD and Glenn never sold a single share as far out as that really is to believe that they left about nine million dollars on the table.

Even if they never sold a single share they did steal(oops meant borrowed) four hundred thousand dollars from shareholders and didn't pay it back.

Also there are the facts that they stole their employees IRS withholdings and didn't turn those into the government and had liens placed against all the company assets.

At the start they sold the only asset(real estate) that had a chance to appreciate in value. They turned this into a payment of 225K a year rental obligation that is paid with shareholder equity? Did you vote on this as a SOR??

According to tax records it appears that they have sold off 83% of the company equipment. Did you get a vote on this as a SOR???

They are being sued by the main supplier of raw materials to the tune of 300K. Did you get to vote on whether this bill should be paid or not as a SOR??

They are being sued by the bank that you noted had vetted the company and management so carefully.

They never came close to meeting any of the projections that they put out in the flood of pr's preceding the huge pump and dump of 2009. Matter of fact they never came close to meeting anything that they said they would do. They never put product of any type into the retailers that they said were lined up.

They have defaulted on their corporate business license.

So in the END of EXPO holdings it won't really matter if JD and Glenn never sold a single share. Completely naieve to think that that they left all that money on the table when the comapany was set up from the git go as a way for them to profit and take the debt from their bankrupt cabinet shop and put it on the backs of EXPO's loyal shareholders.

Believe what you like about whether or not JD and Glenn never sold shares or not because it simply won't matter anymore since there is no reason that this company should still be in business. It really won't matter because they are already out of business but *some* just don't seem to understand that fact!!!

JMHO

Basser