"Vetting an invoice for factoring is NOT vetting EXPH. Big difference."
Then you do agree that the banks that EXPO does business with do extensive DD before they loan money out or give lines of credit..This posted statement was made after an individual investor looked into the matter..
Santa Barbara Broker Share Tuesday, September 08, 2009 11:03:06 PM Re: A deleted message Post # of 97222
"I had spoken with the bank earlier about the "line of credit" issue and while they will not discuss any details on their situation with an individual client, the bank is legitimate and they do provide genuine "lines of credit" to many start up businesses like EXPH. Their vetting process is extensive"...
It would seem that your post reflects that any company doing business with EXPO doesn't take into account the quality of work the company produces..The huge company Stanley disagrees..
John Butler, VP Sales, The Stanley works, commented: 2/2/2010 10:01:41 AM
"D&D did a great job, and we appreciate their dedication to our project, and to our company. D&D was very quick and responsive when additional needs came up. I look forward to working with them again in the future."
LOWES..HD..Stanley and the list goes on..These companies and the banks did far more extensive vetting of EXPO than any individual could..
EXPO..a legit company working with huge companies and backed by banks that have vetted the company in advance..
No new dilution in over five months..Summer looks to be a good starting point to moving the company forward in a big way..
"The company paid down its long term debt (to Southern Community Bank) by $50,000 dollars as released on June 1, 2011. This payment was made from cash flow proceeds and was made on or before the date released"..
So it looks like the banks are still happy with EXPO and statements like these were totally wrong about $50K paydown..
"the deep sixing of the Form 3 controversy by the transfer of Brown/Harrs shares to the new CEO (or in lieu of their "extreme sacrifice" in paying off some other "debt" (hmmm...maybe the $50K?)"
"Now Expo said they "expected" to pay off the $50K. Not that it WOULD be paid off. Or WILL be paid off on such and such a date. That they expected to pay it off. And now, through a third party or possibly a fourth it's been represented by unsubstantiated rumor that the $50K was paid off last Friday."
Seems the rumors were right and now moving into a half year with no new dilution..
"The company has raised funds via its stock in early 2011 as well as during 2010. The company anticipates no additional stock issuances now or in the foreseeable future and has no plans or considerations for a reverse stock split"..
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