It is NOT my contention that EXPH is a business "set up to essentially fleece shareholders out of their investment via fiscal smoke and mirrors." I have made my point about EXPH exceedingly clear and that is not it. EXPH, IMHO, was formed by Harrs and Brown in 2006 to rescue an out of cash and probably failing D&D Displays by going public and allowing their shareholder's to pick up the tab for their recent losses. They bailed themselves out of their mistakes by opening a credit line requiring $10K a month in interest payments, ran it up close to a half million and hung shareholders for the interest expense by selling millions of dilutionary shares to pay for some of the day to day operating expenses of the company. There was no "smoke and mirrors" involved in those moves...they are all in publicly accessible records.
What is not being discussed since the company's history and past actions of management has been declared "irrelevant", is the fact that all this good news about EXPH has been factored into the current share price. The rumor the new CEO is coming from Lowes? Factored in. The current orders for CIMA, ETC and D&D Displays? Factored in. It's been stated in a company PR that management doesn't believe company orders to be "material events" so if they had received any other orders, one must assume the shareholders would know about it. So orders must be factored in. The paid off leases, the "vital" nature of the 1-1-11 balance sheet, the new BOD member? Factored in. JD Brown stepping down? Factored in. In fact there is little or nothing at all that isn't known about the company other than their financial results for the last year that isn't already in the public record through PRs. Besides the new CEO name, I can't imagine what news there will be to even release at this greatly anticipated shareholder meeting. An event so incredibly blown out of proportion it's beginning to make the whole ETC spin off/dividend episode look rational by comparison.
People have a tendency to become insular, forget what age we live in and think they and only a small group of people are carefully doing research on EXPH and are "in" on something. They fail to recount that the MMs are on top of EXPH like white on rice. If anything was up they'd know about it first. And then hedge fund managers would know. Penny investors who KNOW what they are doing would know. All this would be leading to a lot more hype, a LOT more buying pressure and a LOT higher PPS. As it is, it looks a lot like .0025 was it and .002 is where it has settled until all this great priced in news can be confirmed. All these clandestine plots, FTDs and NNS. All the missing 400-500 million "mystery shares". The astounding effort, capital and thought that would have to have gone into pulling off these intricate plans. The relatively large numbers of people secretly plotting and manipulating the shares. Yet when it comes to the potential for EXPH's success all these people plotting to destroy EXPH no longer exist. The MMs aren't involved and EXPH is still an unknown gem; the guarded secret of a precious few about to explode upwards in a cataclysmic orgy of erupting share price, LOL.
No, EXPH's run, if it comes, will not be on the actual news from the shareholder's meeting but rather on the twisted and duplicitous accounts of actual events that occurred at it. Because there is no mystery about to be revealed and there will be none then. And the disappointment of that reality once mingled with the actual numbers from the financials will tell a story that will almost certainly point to more dilution in Expo Holdings, Inc's future. And the name of some new CEO (former Lowes or otherwise) and a couple spun tales of stacked plywood and some future guaranteed possibilities of some anticipated maybes isn't going to counter the effect of THAT bad news. THAT is the reality of what is coming near term. And somehow I doubt a share price coined in whole cents will be any part of it. Outside of the old "reverse split to take that vital new balance sheet uptown to the NASD" trick of course, LOL. All the above IMHO.
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