Experience Art and Design Inc. (fka EXAD)

[CowboysNation88]

THE NEXT 60 DAYS:

SPIN OFF SHARES OF METRO

The most important act I can do as the new CEO is to ensure Metropolitan is spun off and all shareholders receive their shares. This action item ensures shareholders receive the share distribution that was outlined in prior 8-K’s, and also allows Metropolitan to progress its corporate agenda without any dilutive impact to EXAD shareholders.

AUDIT and FORM 10

The first thing I intend to do is to introduce Metropolitan to a PCAOB audit team so they can audit Metropolitan. The audit is expected to take approximately two weeks to complete. At the same time as the audit is being completed, I will begin working on the Questionnaire needed to get the Form 10 filed and establish a Transfer Agent for Metropolitan. I have already spoken with Counsel in order to prepare the groundwork for this.

CTO and DTC:

The next task which I will work on for EXAD, is to provide some tender loving care and fix a few structural items that have hindered EXAD’s ability to flourish. During the past few months while I worked with the former CEO I was able to communicate with the British Columbia Securities Commission (BCSC) regarding the removal of the Cease Trade Order (CTO) in Canada that was put in place two Managements ago in 2014. I have also spoken with several parties that can assist in getting EXAD into the DTC system for the first time. These two actions alone will allow for more liquidity in the market as the pool of potential market participants significantly widens.

EXAD NAME CHANGE

Once the audit process has been completed on Metropolitan and the Form 10 has started I can then declare a record date for all EXAD shareholders of record to receive their shares in Metropolitan. The FINRA filing for the record date will also include a name and ticker change for EXAD so it can reflect the future direction of the Company, and not the past.

BALANCE SHEET “BEEF UP”

The first act of business will be to bring in the assets and beef up the balance sheet. These assets were marked-to-market at year end 2016 and were valued at over $10 million. Their composition is of a high price point, liquid equity, which can be used by the Company as needed to fund future operations.

EXAD OPEN MARKET SHARE BUY BACK:.

I will continue along the path the former CEO started with the 4.99% of Metropolitan EXAD will own following its spin-off. I will slowly liquidate those shares using the funds generated to purchase shares of EXAD in the open market, and thus reduce the overall share structure of EXAD.

GIVE THE GUY (CEO) A CHANCE:

The former CEO conducted his own legal research and found nothing to support the allegations made against me or my other entity. If you give me the same chance you gave the former CEO you should be very pleased with the outcomes.

SOURCE:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11776962