Renee...an elegant explanation that even further uncovers Exeo’s dedication to destroying their shareholder's equity while in pursuit of creating P&D situations for their own PIPE fenders and insiders to dump discounted shares. One obvious fact remains regardless of the Expo PR employee's point about R/S filings being used to increase the A/S. The company filed for A/S increases six times in rapid succession (as they had in all previous A/S filings) using the appropriate form. Then, on the FINAL A/S increase filing to date, filed an R/S request. When later presented with the form to do an amended filing showing the original was intended to be an A/S increase ONLY, they refused and continued to lie about it being impossible to amend. That clearly shows the intent of the company from day one. The BS implication about it being "normal" to use the R/S form for an A/S being just that...total BS. All IMHO.
i haven't a clue why anyone who is well versed in the process would expect expo to NOT do a r/s
IN TIME
they most certainly will but they aren't THERE YET
as there are very specific reasons a company does a R/S let me remind all that mgmt holds restrictedCOMMON SHARES .. meaning they too share the fate of all EXPO shareholders re: PPS
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legit co.s come public to access capital and grow
folks can discount the worst economic impact the country has had in over 70 years .. their choice
the fact that mgmt raised their AS via NV SOS starting in MARCH 2010 and *articulated* exactly WHY via their shareholders section on their website and PRs' ISSUED ~ is part of the transparency i look for .. those who've done their DD know full well why cash flow has stabilized
and i thank those folks kind enough to visit the company in person and post pictures for all of us who can't
adding CIMA and partnering with NRS <to say nothing of NRS leasing space currently not used by expo> is both agile and diversifying .. again considered a positive and to consistently *retain* customers and continue to add new ones .. is also a positive
barring unforeseen circumstances <a la ETC not spun off and co.s workhorse weeke router going down> it's clear that 20 weeks since mgmt last raised AS .. is a POSITIVE
and since mgmt gave 2 material events this month alone via their website .. i'd lay odds that there is a PR coming out b4 eom that covers those items (50k shaved off debt and the 1500 item order that starts in 45-60 days> plus whatever else is or has happened this month
that would be the 4th pr issued for 2011 .. there were 18 issued for 2010 ..
as for fy 2010 fins .. they were due at the end of march 2011 that is less than 3 months ago not a year as has been posted
as i've posted .. it's clear that at least 2 Qs were impacted by the router going down for 6 weeks in OCT 2010 .. the ? is will it be just the 2 Qs or will it be 3?
imo the next PR/UPDATE out of mgmt <july or so> giving the cash on hand and what amt left of their LT debt is paid down gives an idea .. to say nothing of each week/month since AS was last increased
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btw .. the R/S .. <for those who may not know would come about when mgmt uplists .. which clearly isn't happening in 2011>
i'm inclined to believe it's not happening in 2012 .. but i'll never say never .. a large part of the *unknown* is the *intent* of the new ceo .. which is why i want the info specific to ETC
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