Replies to post #98290 on Expo Holdings Inc. (EXPH)

[AStTropaz]

I think you need to rethink your thinking LOL

..dilution is now taking a back seat to increased production..

Yep, now let's see what EXPO said:

June 2011 sales decline approximately 28% compared to June 2010

The company completed approximately $58,000 in sales during June 2011 compared to approximately $81,000 in June 2010.

Better get in sync. EXPO was laying off people last I read.
SUMmmmmmmmmer time and the living is easy!

[99leadballoons]

The economy is still really bad and yet the company brought in $687,000 in revenue for the first half year..Hopefully the economy picks back up for all concerned...veno

687 is pitiful, lol.

I cant wait for the final numbers. It will be hilarious. So will the spin about how it is a good thing.

[Santa Barbara Broker]

With late May and Early June now behind us and the Summer moving on with no new diltion..It looks like the cash on hand is increasing.

What has led you to that conclusion? How does a reduction in the company's workforce of 25% since the beginning of 2011, a 28%+ decrease in year over June revenues and a company who's minimum estimated monthly G&A expensing HAS to be a MINIMUM $165K (based on historic numbers and the company's own recent PRs and updates) as matched against projected annual revenues of $114,500 per month POSSIBLY "increase cash on hand" without additional dilution? You are simply stating what is mathematically IMPOSSIBLE. Do you have any factual evidence to support your statements? Anything? Anything at all?

Maybe this will help. The company by any conservative estimates had to have lost $300,000 between October 14, 2010 (router Thursday) and December 31, 2010 (11.5 weeks) despite the most Draconian of cuts. It has just been shown (using YOUR and their numbers) that they have very likely lost a rock bottom minimum of $300K in excess of revenues through June 30, 2011. So since the last round of dilution began, they've trashed a MINIMUM $600K. Figuring they were selling shares during the dilutionary phase at a mere 20% discount (1.35B @ .0005), they MIGHT have raised $625K at MOST between October 2010 and February 2011? The fact they had a mere $29K in cash on hand at the end of May and that they are utilizing factoring to stay afloat would indicate my estimates to be right on target. And those estimates point to the fact that time is UP. NOW. Expo Holdings, despite stretching their cash to the ultimate point with tool sales and sub-letting is BROKE. NOW. Cash flow isn't increasing...it is NON-EXISTENT. The Lowes order has apparently wound down for a couple months and they would appear to have little else of revenue significance. This company HAS TO BE BROKE and is doing one of two things. They are preparing to do a massive A/S increase and resume dilution OR they are preparing to do a reverse merger into another shell with more stock at a huge valuation differential OR they HAVE done one or the other (or something, from a dilutionary perspective, even worse) in private without informing the majority of their shareholders. And now, if posts are any indication, they may be facing a legal inquiry?

Expo Holdings is NOT magic. They can't print US currency...they can only generate it by printing their own share certs and selling them at a discount to PPs or PIPEs FOR US currency. And something has got to give SOON because, by even the most conservative of estimates, they don't have any more cash and time is up. All IMHO.