Replies to post #98100 on Expo Holdings Inc. (EXPH)

[sburlria]

Deviously clever
is in the eye of the beholder. I haven't seen any evidence in the past 18 months that would make expo appear legit.
As far as scams go they are really transparent, and not clever at all :)
It must be hard not to admit that whole metal cage doghouses in rundown hardware stores is pretty lame and really funny at the same time, kinda clownish :)
But er, yeah profits and stuff and the new CEO will just turn it all into glitter and gold pretty quick I expect, in one fell swoop zero doubt, even though all evidence suggests this little sow is squealing broke!
ho hum, hope to find out how folks feel about volume re: expo when: tomorrow re: trading.

[Santa Barbara Broker]

Who is saying it wasn't "allowed" for Expo Holdings, Inc. to go public the way they did? If it hadn't been legal or "allowed", this conversation wouldn't be taking place because Expo wouldn't exist in it's current form. What I'd like to see is that a serious vetting process be imposed on anyone wanting to bring a company like Expo Holdings public. A process that looks carefully at their financial situation to determine if the capital proposed to be raised by the issuance of stock could be viewed as a personal financial bailout for the principals resultant of incredible incompetence...which would then doubtless be followed by a free-for-all glut-fest by same at the hapless investor's expense (as was the apparent case for Expo Holdings). Or if that capital would be used for legitimate expansion or hiring due to expansion and growth in demand for a company's products or services. A simple business plan showing precisely the purpose for which the money was needed and how the money raised would be spent...one that could be enforced by strict and extraordinarily harsh tax penalties on the personal finances of the responsible corporate OFFICERS should the privledge be abused or the plan failed to be carried out as approved. My, my...wouldn't THAT have changed things a bit at Expo Holdings? You see if you spend the SEC enforcement resources up front where everything is under total regulatory control and never let the sleazebags start selling shares to begin with, you eliminate 90% of SEC enforcement after the fact and turn what there is to enforce over to the IRS, their police power and much larger budget and workforce.

Jerry's thoughts don't have to be "read". I believe he has made himself very clear as to what he believes Expo and their management has done. It's only a shame that's obviously not the case universally. IMHO.

[Jeremiah]

the reality is the SEC *allows* companies
to come public via reverse mergers .. which
is exactly what happened with expo holdings

As it reads, that one fact has never been in question.

[Jeremiah]

That was not me who used the terminology "deviously clever".

now this is where i want to read what jerry's
*thoughts* and dd have lead him to

so on the one hand mgmt is deviously clever and
on the other .. not so

well that certainly clears bits up .. :)