The company is NOT a legit investment It sells products at a net loss It is swimming in debt yet 'loaned' the 2 principles $400K UCC's on file have the entire company listed as collateral
It does recurring business with companies resulting in huge losses It employs people and it's 2 principles live high on the hog
EXPH-the stock is a scam in every sense of the word.
The economy slowing and equipment failures are just 2 examples used by management to explain away a failing business. The fact that the company has survived is due to massive dilution plain and simple.
The company is nowhere near breakeven..and the one physical asset(The shaver street facility) was sold off and the end result is a rent factor going from roughly $5k p/month to a mind blowing $221k+ annual figure. This 'rent' is now circulated through Wilkes Holdings LLC which was an entity born the same time the facility was sold and owned /managed by JD BROWN.
Lowes is still on board and will remain on board as long as Expo is the lowest bidder...which of course leads to massive losses for Expo Holdings.
CIMA has plenty of competition and is a TWICE failed business formerly known as Builders Choice-which still owes the IRS over $120k in back taxes(Withholding tax for the most part). Cabinet manufacturers and installers are not endangered species in Wilkes County North Carolina.
Thanks to the company's lack of transparency we know very little regarding the insiders holdings.
and we both know why that *data* needs to be discounted .. the biggest irony of all is that finra's daily reg sho shows exactly what is and has been going on with EXPH
legit buys trigger it 100 percent <almost always at ask>
intercepts <done by X entity/s who wash traded their way to *volume* in MAY 2009 and beyond> show ~ X have lost *CONTROL* of the stock ..
the co. is totally legit and anyone who actually visits <and believe me the local who made his *usual* unannounced visit the other day .. can be as critical of mgmt as anyone> .. the employee who dealt with him <wasn't JD who wasn't onsite due to other reasons> comes from HOME DEPOT
classy group of workers .. fortune 100/500 co.s for clients and *denigration* has to be in full force since exph longs have sucked up every *spare* share .. going on for almost 6 months now .. so much *vitriol* tells me $$$$ is seriously on the line .. and it's easily ascertained by *reviewing* the tapes on exph from 0004 *down* ;-)
there is 30M <shares> on bid at a minimum on any one day
folks have been hitting the ask when weeks go by w/o bids *filled* and they ALL SHOW 100 PERCENT DAILY REG SHO .. :)
bottom line is DD has been done .. game played out in 2009/2010 is *WELL KNOWN* and ironically was NEVER UNIQUE to EXPO/EXPH
looking forward to what the next visual *shows*
and as for my *theories* .. well i've been totally vindicated on another .. where my posts and analysis are equally well known
patiently biding my time .. and watching my tax lots roll over from ST TO LT ..