Replies to post #100970 on Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

Revisionist history aside, thank you for acknowledging the fact that I have never once been wrong about Expo Holdings, Inc. in a single one of my predictions. Thank you also for allowing me the opportunity to point that out one by one!

...you predicted more dilution...

WOW! I hate to admit it, but I nailed that one right on the head! Now in order to understand how severely Expo Holdings, Inc. has diluted, we need to define the word so everyone can follow along:

di·lute /d?'lut, da?-; adj. also 'da?lut/ Show Spelled [dih-loot, dahy-; adj. also -dahy-loot

1. reduced in strength, weaken: dilute in value.
2. to weaken, temper, mitigate, diminish.

Let's see, since I first predicted massive dilution for Expo Holdings would continue, they have:

a) added the totally unnessary expense of penalties, interest and fines to the debt load of the company severely weakening it by knowingly stealing the 941 witholdings from the US Treasury and apparently pocketing them...an expense that is now DOUBLED since Expo already PAID the 941 as part of the employee's salaries the first time!

b) Added the totally unnessary cost of legal defense and court costs to the debt load of the company severely weakening it by incurring lawsuits from both their supplier (Wurth Wood) and their bank (Southern Community) by knowingly failing to make contractual repayment to the parties for services, products or loans rendered.

c) Sold massive amounts of shareholder owned equipment from the company severely weakening it by not only selling it at pennies on the dollar, but making the company less able to produce products and therefore revenues.

Lets be generous and say that a) diluted the company by right around $325K before everything is said and done, b) around $375K (also consider the enormous increase in the risk induced future cost of factoring interest and borrowing interest should they ever have the chance to borrow capital again) and c) right at $250K for a total of $950K worth of dilution just since February! Knowing from past financials that the company valued itself at ($250K) in 2009 and that that would continue to be a negative after the implied heavy losses in 2010, at a negative ($250K), that is an EXPH dilution rate of NEARLY 400% in just seven months!!! YOWSER! Adjusted to an annual rate, that would equal dilution of EXPH shareholder value at an ASTOUNDING 650%!!!! Of course this rate has been reflected in the dramatic plummet of the PPS and more recently by the cowardly and desperate move of cancelling the annual shareholder's meeting while the (alleged) criminal element of management searches for a way out, but it is obvious the collapse of the company DUE to dilution is imminent.

You also predicted that the company assets would have been seized by the 2/3rd of September...

Man! Another one...right on the head! Yeah, I was worried that Expo Holdings, Inc. might still have some assets left by September 2, 2011, but their creditors got EVERYTHING and then some! The company is now "worth" an estimated negative $(900K). The IRS has seemingly attached 100% of all liquid assets and of course either the IRS or the SEC has removed the ability of Expo to issue any new shares (I mention that only for the less educated who may not have had a clue that was part of the lien process). Then all the equipment remaining (that hasn't apparently been sold to pay off the Southern Community lawsuit this spring) now belongs 100% to the IRS. So, with 100% of their accounts cleaned out, NO CASH, 100% of any revenues coming in being seized, all equipment either sold or now the property of the IRS, Expo has absolutely ZERO company assets! And it was all GONE before 9-2-2011. Perfect call...AGAIN!

So in conclusion, what we have here is a 100% totally broke company, with ZERO ASSETS in the midst of 650% ANNUAL DILUTION! I appreciate that someone took the time to honor my perfect calls because to tell you the truth, even I didn't think Expo Holdings, Inc. could have sunk to THIS level in only seven months! IMHO.