Replies to post #71760 on Expo Holdings Inc. (EXPH)

[cantgetmyname]

"Cash and restricted shares were paid for the company..What was Builders Choice to beging with?? They made custom cabinetry..The sales team would get the orders..The design team would design the cabinets to the customers specification and the craftsmen would build the cabinets.."

Ok, but what did they get? a new building and production space and all the equipment needed to make residential cabinets? Residential work is typically more ornate and complex than commercial work and the customers a whole lot pickier about small dings and scratches.

Or is the only thing they got was the name and a bigger payroll to meet?

[Basser1]

"This agreement doubles the company’s sales force, and based on initial sales projections potentially doubles the company’s 2010 sales opportunities."

What from one guy to two guys?

Doubles the sales opportunities? How much did EXPO do last year? Never mind I forgot that EXPO doesn't believe in filing so no one really knows what they did last year. Anybody KNOW what Builders Choice did last year?

I think that it would be pretty easy actually to DOUBLE what EXPO did last year because I suspect that it wasn't MUCH!!
Basser

[Santa Barbara Broker]

Yes, "really". Thank you for making my point at least. That PR was so full of doublespeak that anyone could interpret it anyway they wanted. The obvious way to interpret it would be to look at the history of EXPH PRs which have for the most part all been doublespeak for the last couple months and assume that they paid a cash bonus and company stock (the former and the latter both being your investment dollars) to 22 employees to jump ship therefore your "cash and stock" explanation. Obviously if the guy running Builders Choice was lured to EXPH he wouldn't be subject to the "day to day requirements of owning and running a business"...he'd be working for EXPH which has their own "management staff...DUH.

The fact is that no where is it stated that EXPH "acquired" anything but people. READ the statement you posted:

"....The company is operating under additional non-disclosure agreements regarding acquisition opportunities. The company views acquisitions as an opportunity to grow sales, operational capabilities, and secure experienced, high quality, associates. The company will only report acquisitions after they occur, and will offer no updates regarding acquisition candidates."

The company operates under NDAs regarding "acquistion opportunites". Not business acquisitions or mergers, "opportunities". So what exactly are these "opportunities? Let's let EXPH answer that: "...The company views acquisitions as an opportunity to grow sales, operational capabilities, and secure experienced, high quality, associates." Would they need to buy Builder's Choice to grow sales? According to you, no way. Would they need the brick and mortar accutrements of Builders Choice to up their "operational capabilities? According to you, no. Would they need to buy the entire company to "secure experienced, high quality associates? According to them, no. So there you have it. There was no direct statement saying we have assumed ownship, merged with or directly bought out Builders Choice as a corporate entity. You at least partially agree that they did not HAVE to buy the bricks and mortar to get what they "needed" and I showed that very plainly. I say they made an agreement for 22 people to jump ship from what very well may have been a floundering enterprise. And why? 1) Because they could and 2) they could because they are and will be using your money to pay for them. ALL IMHO.

SBB