I can just imagine how much fun I will have tomorrow proving all the other things you have been clear about regarding ETC over the last 2 years. Example # 1 from 7/2/10 of many to follow of the failed speculation regarding anything to do with EXPH. ---------------- OMG .. what an amusing coincidence
first of all i want to repost this for those who've been asking me my *expectations and timing* as what to expect and when or any new eyes .. starting their DD on expo holdings ~
since this was posted ~ MGMT has adjusted the date of the SM from 9/1/09 to 9/15/10 (which for some of us is a rather delicious *irony*) .. ;-)
anyhow ..
in a nutshell .. as i noted below on 6/22
OS increase/check .. :) PR out on new ceo/background q3 released q4 released (possible q4 is audited) form 3s filed on new ceo/new vp/jd/glenn and any other co. insiders ~ i'm still not expecting one done on KM q1 released q2 (if fully transparent) q2 is due around 8/15 suspect this will be one of the last *material* items to be pr'd b4 the SM
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Posted by: fourkids_9pets Date: Tuesday, June 22, 2010 1:20:44 PM In reply to: itrader who wrote msg# 73759 Post # of 74430
classic *mistake* i'll call folks on
first .. there was one *trade* done at the ytd high of .0385 from memory it was either 9,000 or 11,000 *shares*
second .. there is a reason i track every trade ;-) .. due to the fact i was on the phone *commenting* on exph's rt l2 when the pr was released on 9/15/09 .. i can tell *folks* exactly what the bid ask was at approx 11AM .. it was .027/.029
third .. i watched for close to a week as the former MM PALC who had done less than 20M shares in exph for all of 2009 go in LOCK STEP with exph's primary MM for that *interesting* RUN ..
fourth .. the *run* in sept was the second one done in 2009 but both imo had absolutely *nothing* to do with mgmt
fifth .. one has to believe in their respective DD .. i'll go by mgmt's *publicly* stated info re: their shares not being sold
sixth .. i personally *prefer* mgmt to hold common shares and *share* the same fate as their shareholders (a handful of which hold the *bulk* of exph shares .. gambler was kind enough to give *estimates* this AM .. which i completely agree with)
seventh .. those estimates don't include approx 20 others i interact with .. almost all of whom hold *bare* minimum of 10M EXPH shares
eighth .. i fully *understand* the intent of the ETC spinoff and why it didn't come to pass
ninth .. if i had to vote (since i do understand that real legit co.s like expo holdings come public to *expand* in spite of the macro environment) my vote to mgmt was for the AS to be raised rather than doing a r/s .. :)))
tenth .. and the most important aspect for my DD .. imo MGMT has *learned* from prior mistakes
i've never expected seamless from a co. in transition from private to public
i look forward to what i'm expecting ..
first imo the OS will be raised by another 100M to 125M+ for the ceo's comp pkg
shortly afterward i expect the PR out on the CEO name/background
i'd then expect fins (q3 .. q4 .. possibly audited)
form 3's to be filed for new ceo .. jd and glenn .. unless something has changed i'm not expecting anything on KM
again i use the KISS principle and use the AS in all my *calcs*
lastly imo i'm cautiously optimistic since MGMT gave a date for the SM of 9/1/10 that there will be an *announcement* that imo will be a done deal .. as in ink dried months prior and product already shipped and in place
i have no issues .. patiently biding my time .. waiting on what *I* expect to happen based on my DD
oh yeah .. i suspect the new ceo will have been on the job for 4 to 6 weeks b4 .. the SM takes place .. and q1 will most likely have been put out by then as well
-------------- ETC is the reason expo *survived* 2009 ETC in one account at full penetration <2-3 yrs> was 100M (jd cc 7/09) ETC is the reason <2nd> attn was *generated* on the expo board ETC was going into WW franchises .. sadly events of 2/10 put that ??? ETC was going to be spun off until a share discrepancy put paid to that ETC was never going to be doing 10M to 20M in revs on expo's LOC ETC as a private entity could access capital far easier than a public one
there are no crystal balls but at a guess ETC is at the center of what *transpired* over the past 12 months <contractually> date wise
i've run thru pretty much every scenario .. some are more acceptable to me than others .. but until presented with specific facts re: intent it's just speculation :)
WW has actually ADDED products since Todd's passing....just not ETC *er*....products.
JD is your source regarding revenue projections?? LOL
the same jd that shouted at the top of his lungs about a landmark $22M project?? LOL....what happened there? Did someone get sick or pass away?
the same jd who .. in DECEMBER of 2009 told shareholders that 6+ million in revenue for 2009 was accurate?
the same jd who sold the shaver street facility causing the rent factor to soar to over 221K per year? Not to mention that shareholders would be holding a free and clear asset(shaver facility) if the 220K annual rent went to paying off the facility. Instead jd funnels the money for rent through wilkes holdings LLC.
the same jd who along with glenn who have looted the company till to the tune of 400k and they chose to dilute this pig at sub triple 0's instead of simply paying the company back what is owed?
...."your DD is YOURS".....OUCH!
as far as raising capital...jd prefers the public company route....what could possibly be easier than that? TIA
there is no share discrepancy...you are making that part up. sorry for your losses.
when you stated: "ETC was never going to do 10m to 20m in revs on Expo's LOC." You should have left off the "on Expo's LOC" part. It then would read: ETC WAS NEVER GOING TO DO 10M to 20M in revs.....and would be an accurate statement.
I agree...there are no crystal BALLS.....just massive and deep holes which according to some ....could IMPLODE.
AGAIN.....if ETC is the game-changer....why the trademark issue?? LOL
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