Replies to post #92444 on Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

With the company running on current cash flow and no further AS increases

Where on earth do you get your "facts"? The company couldn't possibly be "running on cash flow" unless their payroll has been greatly reduced. They spend more than the GROSS they bring in. They HAVE no cash flow. They are operating on the recycled COGS from the last A/S increases and consequent discounted share sales they desperately needed to buy raw product. Their profit margin is 15% at best. Assuming this portion of the old Lowes order is the same as those before it, they will be out of all cash by the end of the last billing cycle in April. Meaning they will need to a) have another new order in place by April 1st or b) need to sell more shares by my estimate starting around the last week in April/first week in May. I am adding in my estimate of the NRS rental as a sub let to Expo Holdings to perform the estimates I just made. If that money is being deposited in the First National Back Pocket of Brown/Harrs rather than the corporate coffers, all bets are off on them making it that far. All IMHO.

SBB