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EXPH---PPS .0050
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[QUOTE]Originally posted by IWISHIHAD: [QB] From another board quote: "And the response I received directly from Mr. Brown: We are pleased to hear from our shareholders, but I defer most questions to Chad. However, because this letter is intelligent and well written I will respond personally. The company has purchased 5.2 plus million shares for retirement. The 20 million was an up to figure. The retirement to preferred is in the works, as we are awaiting circumstances beyond the company’s control. I do believe within a very short period of time it will be fully processed and updated to the shareholders. You may confirm with the transfer agent, who is awaiting certs from several large brokerages. Regarding the “disturbing” numbers from the transfer agent. We have not gagged or restricted our transfer agent in any way as a courtesy to our valued shareholders. We do not control when shares become unrestricted. New rules are in place that allowed certain shareholders to free up shares, and sir, you are absolutely incorrect to assume that no buyback has been started or that the process has not begun, regarding the conversion to preferred. Regarding our “fiduciary obligation”, we are well aware of our obligations to our shareholders. We release information when we feel it is material, and important. Typically we do not issue statements, when others feel it is important. We rely on our judgment for that. You will notice that we post our financials; PCAOB audited for 2006, and have an open door policy for shareholders here at our headquarters. We are looking out for our long term and loyal investors. We are not running our company to serve those with short flipper type agendas, some of which are present on internet poster boards. I hope that you are with us for a long time and will be pleased with your investment. Please, I encourage you, take the time and visit us, see what your investment is doing. If you are looking to exit your position, contact me and I will arrange for the company or other long term investors to take your position." Respectfully, J.D. Brown CEO Expo Holdings, Inc. 336-667-8765 _________________________________________________ Another interesting statement from a CEO of a penny stock. This ceo could buy back all the shares he wants from the one's being dumped in the market. This is suppose to be restricted shares being converted over yet the OS keeps going up. I could be wrong about this but i always thought that the OS includes restricted stock which means the only way the OS can go up is if the company is diluting and not because of converted restricted stock. Then there is the other question why are these shareholders converting and selling, if that were the case? [/QB][/QUOTE]
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