Replies to post #78052 on Expo Holdings Inc. (EXPH)

[Lil Money]

It is an accounting technique to return money invested by the proprietors, at the early stages of a business.

There is a simple explanation for you.


Great week here everyone!

The move is on it's way and the time is running out for doubting crowd.

If you don't feel comfortable with the extent of DD you have done, or choose not to do; then wait for the shareholders meeting. A lot, if not everything, will be revealed at the meeting!

I have a VERY STRONG opinion that this will grow leaps and bounds after the shareholders meeting, so there still will be time.

But the run into the shareholders meeting is money left on the table, and you always want to create a position from which to work from.


Have a great weekend all!

[Bullstocks]

It is not a scam move.

Senior management of small companies often take out loans from the company knowing that they have access to (if nothing else) shares that could be surrendered (along with other assets) to the company to compensate for the loan. Would you prefer he sell his personal shares to pay back the loan? I wouldn't. I am fine with the loan being on the books for a payback at a later date. At some point in the next couple of years, JD will likely sell some of his shares and either use that money to pay the loan back or use other assets.

This is a non issue and ancient history. It is on the books so it is not like he is trying to hide it. If he had taken the loan and then tried to write it off, then sure, that would be a problem if the write off were not tied to some compensation or severance package. But that is not the case. He is not hiding it and I see no point in continuing to try to make it sound unscrupulous.