classic *mistake* i'll call folks on
first .. there was one *trade* done at the ytd high of .0385
from memory it was either 9,000 or 11,000 *shares*
second .. there is a reason i track every trade ;-) ..
due to the fact i was on the phone *commenting* on exph's
rt l2 when the pr was released on 9/15/09 .. i can tell *folks*
exactly what the bid ask was at approx 11AM .. it was .027/.029
third .. i watched for close to a week as the former MM PALC
who had done less than 20M shares in exph for all of 2009
go in LOCK STEP with exph's primary MM for that *interesting*
RUN ..
fourth .. the *run* in sept was the second one done in 2009
but both imo had absolutely *nothing* to do with mgmt
fifth .. one has to believe in their respective DD .. i'll go
by mgmt's *publicly* stated info re: their shares not being sold
sixth .. i personally *prefer* mgmt to hold common shares and
*share* the same fate as their shareholders (a handful of which
hold the *bulk* of exph shares .. gambler was kind enough to
give *estimates* this AM .. which i completely agree with)
seventh .. those estimates don't include approx 20 others
i interact with .. almost all of whom hold *bare* minimum
of 10M EXPH shares
eigth .. i fully *understand* the intent of the ETC spinoff
and why it didn't come to pass
ninth .. if i had to vote (since i do understand that real
legit co.s like expo holdings come public to *expand* in
spite of the macro environment) my vote to mgmt was for
the AS to be raised rather than doing a r/s .. :)))
tenth .. and the most important aspect for my DD .. imo MGMT
has *learned* from prior mistakes
i've never expected seamless from a co. in transition from
private to public
i look forward to what i'm expecting ..
first imo the OS will be raised by another 100M to 125M+
for the ceo's comp pkg
shortly afterward i expect the PR out on the CEO
name/background
i'd then expect fins (q3 .. q4 .. possibly audited)
form 3's to be filed for new ceo .. jd and glenn ..
unless something has changed i'm not expecting anything on KM
again i use the KISS principle and use the AS in all my *calcs*
lastly imo i'm cautiously optimistic since MGMT gave a date
for the SM of 9/1/10 that there will be an *announcement*
that imo will be a done deal .. as in ink dried months prior
and product already shipped and in place
i have no issues .. patiently biding my time .. waiting on
what *I* expect to happen based on my DD
oh yeah .. i suspect the new ceo will have been on the job
for 4 to 6 weeks b4 .. the SM takes place .. and q1 will most
likely have been put out by then as well
have a good one
--
4kids
all jmo
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