Replies to post #99016 on Expo Holdings Inc. (EXPH)

[EarnestDD]

DD reveals that EXPH is insolvent and losing money.
jmo

[Jeremiah]

but i did do significant DD
back in 2008 which is why it
would be months b4 i added to
my initial buy

You made that clear several times. I could pose a few basic questions which pertain to certain events that transpired back in 2008.

Any problems if I would choose to pose some basic questions?

[Acc441]

the co. wound up carrying the bag on one client of theirs that filed BK

Really? Then you should have no problem naming the Client-company .. and the AMOUNT.


Keep in mind: per SEC filings.. the amount listed for doubtful accounts..

2006- $50K

2007- $50K

2008- $50K

2009- $10K

also keep in mind .. Bankruptcy filings contain detailed lists of CREDITORS..and how much is owed to each CREDITOR..both secured and unsecured.......which brings us to the question below ..

who was JD using for FACTORING when this CLIENT-Customer filed BK?

[Acc441]

the fall of 2008 when credit literally seized up

At best the quote above is irrelevent..

FACT: JD went to the well and found money on several occasions in 2008. 4/15/2008- $60K
5/12/2008- $20K
5/12/2008- $25K
5/21/2008- $25K
6/13/2008- $100K

yep....$230K...and JD didn't have to sign as gaurantor....all courtesy of his ATM/ Form D filings.

And while he was issuing discounted blocks of shares....he and Glenn owed the company nearly $400K?? Wouldn't this have been the ideal time for JD and Glenn to have repaid the shareholders of the company what was owed to them? they choose not to repay the shareholders...why? Is this.. in your opinion.. OK? Was this done in the best interest of shareholders ?

oh...almost forgot....JD and Glenn did not check the 10% beneficial owner box in any of these Form D filings..how will JD explain this to the SEC? Not checking the 10% owner box condradicts the "never sold a share" mantra.

[Acc441]

carrying the bag on one client of theirs that filed for BK

FALSE....nowhere in the BK filing is D&D Displays listed as a creditor.

Fall of 2008 when the credit market literally seized up

IRRELEVENT....JD sold blocks of discounted shares for $230K in 2008.....this set the stage for DILUTION.

MGMT going to restricted common from prf'd

The conversion rate from preferred to common exceeded the conversion rate from common to preferred resulting in an increase in shares for Glenn and JD...hardly a good thing...unless you are JD or Glenn.

and second the CC in late July re: ETC

ETC consists of a dead patent application, a dead trademark application and a dead website...and of course ETC was the subject matter of several false and misleading PR's regarding retail availability and revenue. Hardly a good thing unless you were fortunate enough to sell during the pump.

fyi...nothing that happened to EXPH was unique..

I agree 100%.....examples of failing,shrinking, debt ridden private companies going public via a R/M in order to relieve the original founders of debt responsibility...set up enrich insiders including *consultants* is all too common place on the OTC and ..as you said.....NOT UNIQUE to EXPH.