Had the EXPH insiders proved their insider share ownership by Form 4's at the moment they converted them from Preferred Shares to Common the stock market principle of follow the insiders would have prevailed for EXPH and the stock would have been commensurately supported by retail investors .
The stock would likely have found support in the double or single zeros and there would not have been capitulation to the mid triple zeros .
Had the EXPH insiders supported the stock that they claim they have never sold , and on the premise that EXPH's PPS had kept support the subsequent dilution for the company's money needs would have been many hundreds of millions of shares LESS ....EXAMPLE : 100 million shares at even .005 cents would have given the company $500,000 . But noooooooooooo , EXPO preferred to get peanuts for approximately 900 million shares instead .
It really amounts to atrocious corporate governance to arrogantly not file their insider ownership , with such dereliction of their corporate governance by diluting all shareholders un-necessarily .
To me the same question rears its horned-head , are the insiders dumber than a bag of hammers to not grasp the simplest of all stock market principles , ie PROOF !! , or did they sell their over 300 million shares at .01 to .035 cents at great consequence to those who bought them on the open market and are now down untenable losses .
It is THAT lack of proof plus the lack of Financials for the last year that has disposed the stock to a lousy .0005 cents .
In the words of Brian Moates of Moving Ideas , " TRUST BUT VERIFY " , EXPO has taken the lower-than-a-snake's-belly option of verifying NOTHING .
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