Replies to post #82990 on Expo Holdings Inc. (EXPH)

[fourkids_9pets]

That's your analysis

why yes jerry .. it certainly is
particularly since i posted *it* :)

and i'm not asking for anyone to agree
or disagree with my take because until
fins are audited we have no way of knowing
specifically who holds what beyond which
was known after the last form D was filed
and what mgmt has publicly stated a few
times over that no co. insiders have sold
one share and courtesy of the last pr that
restrictive legends are still on glenn and
jd's stock :)

however re: the 60M (57k) last *known* PP
anyone can contact mgmt and ask who was the
recipient of those restricted shares ~ they
went to randy and gary from so. candle who
gave their permission for one and all to know

if the implication is that they were selling
their shares and re-buying .. i'll disagree

i look forward to seeing audited fins out on
expo/exph showing which co. *insiders* hold

imo that is part and parcel of the full transparency
that is being sought .. but until the $$$ is there for
that audit .. i suspect it's not their highest priority
perhaps because mgmt knows exactly who holds their shares
and it's quite clear based on the pr out on 9/15 that the
allocation of funds goes first to keeping their doors *open*
and products shipped out the door

imo one of the 2 men from so. candle now holds well
over the 5 percent (and 10 percent) threshold
and will be shown with an audit (my total for him is 100M
non restricted .. 30M known restricted and the *possibility*
of the last 100M issued on 7/21/2010)

again .. it's very clear that a handful of folks
hold the bulk of the shares .. and while i feel
for those who've sold at a loss and plan to rebuy
at a lower pps .. that is a strategy some undertake

others like myself continue to add shares when the
pps is *taken* to where it is advantageous to my CB/cost basis

like i said i'm very familiar with this *pattern*
but it took until last september to *understand* why
it was in place and why it was being done ;-)

oh and i do agree with this sentiment expressed in your
post jerry ..

Shareholders beware of all.... and I do mean all

.

--
that is why i've never done my DD from a smb .. and i don't
plan to start now :)

--

bottom line for me is simple .. while disappointed that
fins/forms weren't out for the SM (and make no mistake if
i were ceo i would have canceled until events covering ETC
new ceo ~ fins and forms were out) .. that call is reserved
for those folks who know all there is to know re: expo
not just bits and pieces we the shareholders put together

and i laugh at the notion anyone else besides mgmt will ever
know the full picture even with fins and forms filed
that is a fantasy .. only those with working knowledge of '
every tangent has a clue

but i deduce that the co. came this close to shutting their doors
and i give the reasons why in my post that you responded to

that is called risk/reward and in the OTC *particularly with
few eyeballs watching* it's why ceo's can be called liars and
co.s can be called scams .. but the very *hint* that there may
be a discrepancy of shares *shorted* on exph riles

hmmm

anyhow .. here's my checklist .. since my posts continue to be
er .. responded to :)

ETC .. first retailer known within 2 weeks of the SM (eom)

follow thru by mgmt on shareholders' update section with what
has shipped .. which won't violate NDA's

fy 2010 .. q1 and q2 uploaded to the trusty site aka pink sheets

form 3s filed for mgmt and bod (form 4s and last form D if applicable)

new ceo (name/background/comp pkg)

while known for my patience .. it's not infinite .. based on the
interaction of those folks who ACTUALLY ATTENDED THE MEETING AND
MY TRUST IN THEIR OBSERVATIONS .. i will be holding my EXPH shares
into jan 2011 .. if that is considered a carrot .. so be it

---

i personally have no clue who the new ceo is .. folks who've asked
my opinion on kendrick .. have been met with my honest observations
it's quite clear he's got well established connections with both
home depot and lowes (or as mgmt refers to them orange and blue)
without knowing his business bio .. i have no knowledge of his pubco
experience which is what i was seeking for this level of expo's transition

if it is he .. i would hope he's a real quick study since i don't
see the toxic cesspool aka the OTC being *fumigated* anytime soon

lastly .. while mgmt has access to a copy of the trades done out
of a long's account last monday (6M with the first *sell* at .0024)
the sec has yet to receive a copy of this since i'm still playing
telephone tag with them .. (as i am with finra re: exph's ftds)

anyone who *actually* calls the sec and/or finra and *connects*
the very first call .. is from my experience ~ a rare event

it can literally take a week depending on who within the *system*
is being contacted

not exactly *user* friendly .. that said i'm persistent and will
follow thru since it was quite clear to me what monday's *efforts* were all about

and the SOR of those trades has no problem with that info being
known by sec/enforcement (btw .. contrary to what some may
believe i was not the owner of those 6M shares) all of my exph
shares are held via CASH accounts (and yes my kids hold shares too)

---
so here is to what comes to pass for those of us who are actual
EXPH SOR

and those with interest in becoming SOR ;-)

risk vs. reward .. understand and know it .. well

--
4kids
all jmo