Replies to post #92040 on Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

interesting that those who do visit and provide proof via pix

Proof of WHAT? 200 pictures of 80 different angles of a half dozen cabinets, grinning, seemingly mesmerized Expo visitors and a CNC router is proof of WHAT? The entire big picture here concerning Expo Holdings, Inc., JD Brown and Glenn Harrs has clearly been MISSED. No one ever said they were imaginary. No one ever made the claim the building at Shaver Street doesn't exist. No one to my knowledge has ever even implied they don't build displays and cabinets there. Why on earth would anyone believe that pictures of what is clearly known to exist at Expo Holdings "proves" anything beyond the mundane and obvious? The company shows every indication in the world of being a scam. They exist behind a real set-up which has the capability to produce, market (at huge losses) and deliver displays and cabinetry. This business existed as a cash bleeding enterprise in 2005 known as D&D Displays before it was taken public as Expo Holdings in order to tap public shareholder equity to make up for their enormous losses and inept management. The only difference between the reality of the company before they went public and now is simple. Before, those enormous losses were coming out of the pockets of JD Brown and Glenn Harrs. Afterwards, they immediately took out relatively enormous loans at shareholder's expense packing a whopping 25% annual interest rate, paid themselves back nearly $400K for their previous huge losses in the private company at shareholder expense and continued to operate the new "Expo" losing large sums of money due to their greed and continued near total lack of management skill. It was just that NOW the losses came directly out of the equity invested in the company by shareholders instead of their pockets. And the two principals began, IMHO, a hugely unprincipaled lifestyle of ease and luxury by selling discount priced blocks of shares to PIPE funders and accredited investors when capital was needed and distributing the cash proceeds through G&A expensing to themselves and to the treasury. This, to maintain the illusion of a company in business to actually earn profits.

In the period between now and then, they unloaded the only asset the shareholders had in the form of real estate, sold it to an "investor" at (what I believe was) a discount and immediately jacked the rental amount by a large multiple. They then utilized that cash to run the company and pay themselves great salaries and perks for a period til the money ran out, all COGS had been recycled back into G&A and they were forced to raise more money through share sales. In the meantime there were restructurings designed to move equity into the pockets of the principals and render the say of common shareholders in material event proposals as totally impotent, the possibility of insider share sales (if not Brown and Harrs, others), a failed attempt to move more company assets into a private company (ETC), attempts to spin off shareholder equity to friends through a failed Southern Candle buyout attempt, Messianic moves to bring laid off BC friends and employees to the Expo Holdings G&A shareholder funded feeding trough (which prompted the huge surge in March 2010 dilution) and more recently the exposure of the acting company CEO apparently selling off equipment belonging to Expo Holdings on EBay and then publicly proclaiming the shareholder who discovered him doing so a "jerk". Along the way there were incredibly foolish expenditures of resources, repeated misleading and false information issued in the form of PRs and updates implying deals that very likely did not exist as published, misleading revenue forecasts, and time lines projected for material events followed by absurd excuses rendered to explain away same.

Now, how does a couple dozen pictures of a router and a group of ugly dusty cabinets sitting in a largely empty warehouse "prove" all that is just fantasy, Brown and Harrs have never lied or acted in the worst interests of shareholders to the exclusive interest of themselves and that Expo is completely legitimate and strictly in business to earn profits selling displays and cabinetry...despite the fact they have never once done so in more than a running quarter or two since 2005? Answer: It doesn't. If that were the case, this discussion would have ended with the advent of the infamous "webcam" which, much to the North Wilkesboro boys chagrin, it did NOT. The photos are meaningless. Expo Holdings, Inc. is, IMHO, apparently a scam run by scammers. They may be so arrogantly delusional and full of themselves at this point they may honestly believe they are not doing anything wrong, but they are. It's obvious. And all the photographs in all the world stacked up on top of one another wouldn't equal SQUAT in proving otherwise. All the above IMHO.

SBB

[Acc441]

you most certainly referenced jd as your source regarding the 100M revenue for etc....it is contained in your post to which i responded. Hint...you stated jd and referenced CC 2009.


i suggest you take the time to read your own post.

you have posted that etc is why expo survived....now that the trademark and patent application have been abandoned it is now....*locals*??? LOL


KM has never been denigrated here.
Southern candle boys cashed in a note payable by obtaining millions of shares at a DEEP-DEEP discount to market value during the conversion.....100% plus discount. Interestingly this all happened as the Southern candle expo holdings acquisition was pr'd...strange...no?

we have all heard about *local* connections and company support here and on OTHER boards ...it's a commonly pumped theme on Pink sheet message boards. I could give you a prime example of another case....but i think *you* are well aware of it. :)


your WW info is absolutely WRONG....and offensive.


speaking of GARBAGE.....


You have posted many many times regarding expo being transparent..
you have posted that expo's level of transparency is impressive to you.....then of course the *electively reporting* caveat is thrown in...LOL

transparency is not all about filings....EXPO gets an F grade in that class.

expo also gets an F grade in history class due to the numerous misleading pr's issued in the PAST.

transparency is also about current events

transparency?

What was JD/Glenn's last public statement regarding ETC ??

didn't it go something like: "retailer annouced soon" and "100 retailers by Jan. 2011". ??

now reality: No retailers...not even 1
patent application abandoned
trademark abandoned
web site is now DEAD.

yet no announcement from your boy jd
just excuses from a MESSAGE BOARD *POSTER*...
and lame excuses do NOT equal transparency..
especially when these lame excuses come from a message board poster providing cover for jd.....

try again.