i've said all along the new ceo would have a stock comp pkg similar to what jd and glenn now hold (and since it's been pr'd as recently as this past wed that the restricted legend is still on and neither has sold one share) we know courtesy of their original filing what was held by both men when the co. came public back in aug 2006
we also know (courtesy of same filing) what KM holds
we know courtesy of so. candle what they did on the last *known* form D done in july
and courtesy of a few locals who interact with folks from the landlord to so. candle to dropping by unannounced into expo holdings (one of whom has done so approx 30 times in the 2.5 years he's held exph shares) .. i'm pretty comfortable with this list .. and like other longs i do find it telling just how few folks *hold* the bulk of expo's shares and why it came as no *surprise* re: the comment made at the SM about what a handful of folks *HELD* and have HELD
from their info/disclosure statement dated 1/30/07
we have this info shown for those folks holding over 5% of exph shares .. since co. coming public (aug 2006) AS was 1B (up thru march 2010) .. 5 percent = 50,000,000 (50M) shares
125,000,000 = Karl Malone 104,036,000 = Glenn 104,040,000 = JD
interestingly when james kendrick was pr'd as being added to expo's bod last month .. there was a post presented *here* that kendrick held more than 10 percent .. that was FLAT OUT FALSE INFO .. i actually asked jd about kendrick's involvement (since as i've said there is one camp who believes he's the next ceo and another camp who doesn't) and i was told by jd that yes while kendrick was one of their early and original investors his *investment* was more like 2% vs. 10 percent (which of course as *most* understand would have made his shares show up on the initial info statement of 1/07) .. so
20,000,000 = James Kendrick (i'd suspect he now holds more)
and courtesy of locals who do interact with them .. what the 2 owners of so. candle held b4 the latest info known from the form D filed (60M/57k) wasn't exactly a secret
100,000,000 = Randy 100,000,000 = Gary
the other rather large sor who interestingly (per jd on the CC done back in july 2009) also holds the only CD for 10,000$ is their landlord .. some may remember the *chatter* re: the 2nd bldg available to expo holdings .. rumor has it it's being exclusively utilized currently for one *specific* product
regardless the landlord (local) is considered by those i interact with as being one of the largest sor also (now remember these stats were known by some b4 this last round of PP was done)
140,000,000 = expo's landlord
--- so with that said .. here's why there is an *imbalance* and why imo no *effort* will be spared to part longs from their shares from now thru *full* transparency which started with what was said at the SM on 9/15 .. continued yesterday ah's with fy 2009 uploaded and will continue thru eoy with ETC/ fy 2010 (q's) and forms and the name of the new ceo also known
here's the breakdown of shares and i'll use 2007's info for jd/glenn (tho' rounded up 1M)
105M = glenn 105M = jd 125M = new ceo's comp pkg 140M = KM (been told he's added to his original 125M) 140M = expo's landlord 100M = randy/so. candle (not including pp done in 2010) 100M = gary/so. candle (not including pp done in 2010) 45M == new co. hires 20M == james kendrick 100M = employees/friends & family of expo holdings
560M = done via PP at .001 from march - july 2010 (form D) ===================== 1.540.000.000
i still expect the last 100M issued on 7/21/10 (OS = 1.973.987.656) to be shown on a form D and i believe it went to one of the locals well known to those who *drop* by unannounced .. so folks can add that in or keep it out till confirmation comes via forms out
100M = PP on 7/21/10 to a local ======================= 1.640.000.000
now add to this 5 shareholders in the room with KNOWN totals .. of 7M/17M/37M/60M/104M .. one of whom publicly disclosed to all present what he held in expo the other 4 i interact with frequently ~ that total is
and with the inclusion of the sor i call no. 7 who has sent me info since last dec's SM .. i suspect all *even* the nitwits at the sec and finra who've been *dodging* the issue for weeks re: exph's FTD's (cause hey it's an OTC co.) and WE ALL KNOW WHAT THAT MEANS where certain entities are involved
200,000,000 shares ========================= 2.065.000.000 minus OS available from TA 1.973.987.656 leaving a *NEGATIVE* of ========================= 91,012,344 exph shares
i want to make it very clear .. the above list includes NO ONE ELSE .. none of my euro friends who've been kind enough to send me their tapes/trades .. none of the other folks i interact with daily/weekly/monthly whose shares run from 1M+ to 25M+ and why i can say with EXTREME CONFIDENCE that yeah there is a problem
or as one *delicately* put it
an IMBALANCE of exph shares ... so understand well why the 6M on margin was sought so assiduously and last *monday's* bear raid HAD TO BE DONE .. those tapes have been sent to MGMT .. to show exactly when *FIRST* triggered and where in relation they *show* in regards to each and every PPS (as i said i was contacted at 4:03 last monday afternoon because what was bought many ticks lower *were first* sold at .0024) ..
i've said from the start that this is a war .. there are entities out there who don't want to cover a massive *imo* 500M+ SHARE SHORT on exph and will do whatever it takes NOT TO
and apparently based on the acc/dist line .. i'm not the only one who isn't selling and will be *BUYING* more exph shares if the pps is taken below X
i have it on good authority that 2 of the attendees to the SM (and not locals or insiders) will be doubling their shares held if pps is taken below X
so .. i do expect the *DAILY DRAMA* that is EXPH and her utterly *OBVIOUS* trading PATTERNS .. to continue for the coming weeks .. but as we all knew with the last go round when MM ETMM went *POSTAL* at the .0004 (solo on ask) that the exph longs weren't going to be shaken out and i'm happy to say .. that the ones i interact with weren't :)
btw for those that have sold and moved on .. i wish all well and hope that another stock better suits risk/reward
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