Replies to post #66909 on Expo Holdings Inc. (EXPH)

[ORCA]

WOW.PEOPLE ARE BAILING BIG TIME.I GUESS A R/S COMING FOR SURE NOW.

[Slojab]

25% premium isn't going to help many shareholders.

[Bawz2wawz]

What you make of that?

[DD-214]

so I ask, is that shareholder responsible, or at least partially, for driving the share price down? maybe selling 25%+- of their holdings while dropping the pps 50%+- could be a nice return if they're able to put this deal together, no?

[Rock_nj]

I had a feeling that an "announcement" like that was coming. A buyout offer. What's next? These guys are trying every trick in the book to get their stock price up. This is a sign that dumping is taking place. A bad sign was that they did the small share buyback last fall and are now selling 100 Million shares. One gimmick to boost the stock price temporarily and an effort to raise money.

Shouldn't this "announcement" of a buyout be in a PR for the whole market to see?

[goldstandard]

Just when you thought things couldn't get more mysterious...WTF? Any clue what this entails or means? This mystery holder gonna be new CEO? Geesh

[Stock_Barber]

Really doesn't tell us much without some basic details...

"on a specific future date"

The buyer could be offering a 25% premium to market valuation with a maximum price lower than today's price! Probably not, but nothing would really surprise me these days. And would the shares be restricted? They are now, right?

[Iris_F]

Keepingitreal, I have never seen an announcement like today's mean anything good. First of all, it would take cooperation of the so claimed, but undocumented, 7 shareholders that own over 800 million shares. If they are agreeing to a capped sale buyout as insiders, what does that mean for you?! NOT GOOD! You then are totally relying on what the controlling interest wants SINGULARLY! Also if the current insiders AREN'T considering WHY bring it up? It's not like there is a compliance issue if they AREN'T selling << it makes no difference?! Could be a precept to a lot of things too lengthy to list. The rapidly changing company environment and communications of late has not been very enticing. I am glad to lurk on the sidelines. Too many smoke and mirrors added to the unclear communications IMO.

I do want to say one thing: The moderators and some people who post here seem very nice and knowledgeable. I sure hope you don't get hurt bad on this one <<< I got pounded on one recently and it wasn't pretty! GLTY.

[Renee]

Todays revelation by CEO JDB confuses the dickens outta me .

Is JDB referring to stock market valuation or company asset market valuation ?

To gain a controlling interest in stock there are too many variables that would make a " maximum cap " impossible to ascertain simply because retail holders won't sell 500 million shares for peanuts ( ie todays PPS ) when most are in an untenable loss position . If JDB authorized more shares for the buyer to buy direct from the company he would most likely breech Securities laws and EXPH's PPS would tank to Davey Jones Locker .

The only context that I can assign to " market valuation " is the
valuation of the company's assets and is not in context to STOCK market valuations . If so , why the heck didn't JDB CLEARLY state
market valuation of the company's assets so that no-one could possibly misunderstand the context to maybe mean stock market valuations ?

More ambiguity by CEO JDB is outrageously unacceptable .

Infuriating !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Renee

[venomen2002]

Thanks for the link..
Great and very funny comments were made after the announcement..but I see none that actually speak to what this means in a real sense..

First..the shareholder gaining majority interest would not sell any shares after or they would lose majority interest..so why put out the cash to begin with..It is obvious that this shareholder wants the ability to control what the company does..which could be great or very bad..

The real question that has to be looked at more closely is what shares are being bought..Some have said it could be the insiders shares..Well if that turns out to be the case then again..it is in the best interest to all insiders to make sure the pps is up to make the most profit from the sale..

If this person thinks he or she can pick these up on the open market..good luck..I am not selling and I don't believe that anyone can pick up that many shares that way by a set date unless it is a year or more away without significantly raising the pps..

The update says a single shareholder..so all the talk about the holding company is out..If this is a friend or business partner to the company..family member or employee of the company then all can continue on with the business..If this is a common shareholder..then I would think that the future of the company is in jeopardy..

My thinking about this release only goes a few ways..
JD only put this out because it is necessary and could result in a material event..but the insiders have no intention of selling their shares..In which case it is a warning to retail holders that a common shareholder is looking to gain control of the company..so don't give away your shares cheaply..

Or one close to the company such as the private investor that just got over ten million more shares or a friend to the company is looking to be the sole controlling force behind the future of the company..In which case they are willing to a pay a premium to the pps on the date set..In that case..being a common shareholder..I still would like to see the pps up much higher than it is now when it happens..

My opinion..knowing that the company is looking for a new CEO and that JD is moving to sales and marketing is that this is either a hostile takeover attempt by a common shareholder with deep pockets..That they see the company is in transition and feel they can break it up at will..Or..more than likely this came about because of the JD claiming he made mistakes and wants to a clean slate for the new CEO..with most if not all of the insider shares taken over when the new CEO comes on..

How quickly we forget what just was said a few days ago..

Originally, the company intended to raise funds privately."

Yesterday, the company submitted the necessary documents to raise its authorized shares by 10% to one billion one hundred million. The change was submitted in anticipation of the need to raise capital to support it's 2010 initiatives which now include the etc. Brand. Additionally, 10,607,782 shares have been issued to a private investor.

Some asked who was this person?? I have a feeling it is the same one looking for more..but that is just a guess..

Oh by the way..the OS has already increased over 30 million since the A/S increase. unless the T/A quoted me the wrong numbers today..I haven't kept up with the volume each day since since the A/S increase..but that number seems like a lot of selling going on..Of course someone is picking them up and it could be the one that has over 50 million shares right now..GLTA...veno