Replies to post #92847 on Expo Holdings Inc. (EXPH)

[fourkids_9pets]

exactly veno

isn't it interesting that *apparently*
the preference is for mgmt to shutter
their doors .. does that come as any
surprise after the *revelations* via
posts of 2009 and 2010 .. i didn't think so ;-)

looking forward to consistency for Qs' filed .. as well
as additional *transparency* which is the mantra until
*it* no longer *suits* ... lol

==
4kids
all jmo

[sburlria]

too funny!
I had a meeting with the owner of a 12 person company in a tiny town in a rural state. Each salesperson there produces between 2 and 3 million in sales annually. More than all 38 of the expo team combined in their best year! Omg, and people actually invest money here.
Running any kind of actual numbers on this incredibly irresponsible fiscal wreck and seeing what the principals have done over time to enrich themselves through free "loans" and massive share issuance then dumping on bogus PRs...Well, these guys define scam

[Santa Barbara Broker]

it would seem that expenses have been cut way down

You have a link to that information which proves it is true by an unbiased metric? If it only "seems" that way, then why is this being presented as a 100% guaranteed FACT?

It is good to see that the company is operating at a breakeven pace

How is it a proven "fact" that Expo Holdings is operating at a breakeven pace if the expenses are a complete mystery? The estimates for workers wages in a previous post aren't even close to accurate and were estimated by someone who knows nothing at all about expenses associated with labor...40% of which I estimate weren't even accounted for. Expo is IMHO:

1) Operating at a loss of around $100K-$125K per quarter at current reported income.

2) On track to lose between $400K and $500K in 2011 provided the old orders that are being currently completed stretch through till December 2011.

3) They will run out of money around the end of May/June using my estimates and their current reported earnings at which time more dilution or a combination of that and a R/S will be instituted. Don't worry however...a new "router problem" story line will be worked into the excusing away of the new massive dilutionary process.

In addition, there is no proof whatsoever that management isn't receiving their normal compensation. It may not be taking the form of a salary at all. They may have re-instituted their full salaries (at possibly even higher levels) or it could be a form of compensation using a different method and through a different venue of Expo capital expensing. There is no proof whatsoever to show otherwise and a historical precedent that would indicate that scenario of even higher compensation to them through whatever means is far more likely the case. They are touting earnings at a pathetic $414K a quarter and comparing them to one of the most abjectly horrendous quarters in their public company's history to make them seem great by comparison. One can only imagine how "wealthy" they think that makes them now and how that attitude would lead to rationalizing their management is due a huge bonus for all that skillful hard labor working the printing presses. All IMHO.

SBB