i'm one of a handful of longs who believes that kendrick was the lesser of 2 choices after other events came to pass this past spring (either they (mgmt) took his offer or they shut their doors) .. the clues imo are in the sequence of updates and the pr's out over the summer up to the morning after the SM
at every turn for the past 24 months .. good news has been met with events and aspects beyond mgmts' *control* which has been unrelenting and the impact in some cases imo beyond negative literally changing the *outcome*
which is why my caveats met re: the ceo and full transparency *known* .. i'm expecting kendrick to take the co. private by mid 2011
imo the pps has at minimum 2 content driven runs and at least one requisite *short* back down b4 mid 2011 .. btw please note that is *content* driven .. not the usual that has been engendered since early 2009 .. which the authorities are aware of on numerous levels (and imo it started with those curious trades and the *use* of pali capital over the summer of 2009)
the first content run imo ~ will be with fins (fy q1 - q2 out and offset with q3) forms and new ceo (and background) out
the 2nd imo will be ETC and a big box retailer ..that may not be pr'd until early 2011 or as late as the month fy q4 is expected (mar 2011)
(btw .. re: ETC .. imo the announcement of either the blue or orange is separate from the planned *retailers* expected to show on expo's website by eoy and commented upon by kendrick via his statment at the SM and noted in the PR out on 9/16)
what i want to see is if fy 2010 is audited .. and if fy 2009 is audited retroactively
again it's quite clear to me that volume proves beyond a shadow of a doubt that *regardless of discrepancies* .. EXPH shares are held *tightly* .. that doesn't mean that the pps won't be taken lower or higher .. what it tells me is that my DD has been verified as to who holds what and it's why i so want to see what *if any* shares kendrick bought on the open mkt b4 being appointed to the BOD (and imo being hired as the new ceo as if mgmt had a choice there)
by my calcs .. *if ceo* his comp pkg is approx 125M shares and by my DD .. *if no. 8 .. (my term from last march's info*) he sold approx 50M+ at a loss to do a PP/restricted (.001) of approx 75M to 80M = 200M total .. now if he bought shares on the open mkt from say april to early august .. another 100M to 200M shares .. kendrick is by far the co.s largest sor ..
the next closest by my DD is randy (so. candle) who imo holds 230M shares (100M open mkt .. 30M PP/restricted from july and the last 100M ~ form D still expected)