EXCELLENT POST BY SEABISCUIT...
The qualitative difference between Expo's debt and the debt of most OTCBB's and OTC's is that EXPO's debt is with nationally chartered banks that have assessed that EXPO can and will repay the debt from earnings .....not from the sale of stock ....from earnings .
Wachovia , Southern Community Bank , and Crestmark Bank are not toxic lenders , nor have they encumbered EXPH's trading equity , unlike most other OTCBB's that are current with SEC reporting requirements , particularly all the S-8's and other financing filings that decimate the common equities for all eternity , or any other OTC that may or may not be current with Pink Sheet reporting standards and are universally serial diluters .
So , although EXPH is not ( yet ) current with Pink Sheets somehow Wachovia , S.C.B. and Crestmark Bank have been satisfied that EXPO is legitimate and more importantly VIABLE . One can be reasonably assured that they conducted extensive due diligence on Expo Holdings , and EXPH's reporting status on Pink Sheets apparently was irrelevant .
One could reason that all those magnificent , fully reporting OTCBB's and OTC's that dilute shareholders into oblivion could learn a few lessons from Expo about being successful on the merits of legitimacy and viability , and NOT from the dwindling bank accounts of their shareholders .
In the skeptical world of finance there are dozens of fully reporting former blue chip companies who have difficulty borrowing money to buy a stick of chewing gum , and many thousands of private or public companies that can't borrow a dime and are forced to shutter their doors .
As well , the blue chip $30 billion dollar market cap Lowe's and the other national chains have also assessed that Expo Holdings is legitimate and viable , and able to fulfil their contractual obligations .
Expo Holdings has been validated by Industry Leaders . EXPH , the stock , will catch up .
Renee
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