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LOL...disregard my previous post SBB...you are fast!
Wilkes Holdings does not appear on the tax rolls as being the owner of any property. Could it be the conduit used to "collect" rent/lease fees from D&D Displays? Scott Nafe actually purchased the property from "D&D DISPLAYS" early 2006. :)
D & D Displays purchased the property from SBMP, LLC in 2003.
*SBMP, LLC is acknowledged in previous EXPH filing.
who thinks Mr. Nafe is paid something less than the $221K per year paid by D & D Displays?
So...a real estate holding "company" with no real estate yet JD has made a point of keeping it current with the state of North Carolina.....it must serve JD some "PURPOSE". lol
4kids....I suggest you re-read my post.
There is NARY an allegation.....all FACTS.
Example: FACT: You most certainly wail on about how funds are and have been scarce and meting out *scarce* resources(CASH) is something management must do in a prudent manner... with some EXPENSES taking priority over others.
With this in mind.......here are some additional FACTS.(and ALL contained in MY previous post which YOU responded to)
JD AND GLENN TOOK FROM THE COMPANY roughly $390K in the form of LOANS. WAS/IS this prudent and should this have been a PRIORITY given the precarious financial condition of the company? YES or NO.
Would JD selling the land and BUILDINGS....resulting in an ANNUAL increase to the rent/lease expense of OVER $174,000 be considered wise?? YES or NO. Before you answer please take into account ANOTHER FACT: The amount paid in rent/lease since selling the land and buildings would have PAID off every single penny the company owed on the land and BUILDINGS....with well over $100k to SPARE.
When was Wilkes Holdings "HATCHED"?
The above FACTS are NOT allegations...they are FACTS. The above questions are just that....QUESTIONS.
*er*...*uh*...and *hmmmm*..... you often point out that JD and Co., due to the macro-economic climate, are forced to make tough,well thought out decisions when *allocating* what scarce cash the company has......would taking 400K in loans from the company and not paying it back be the prudent thing to do??? TIA
Would selling the land and buildings...causing an ANNUAL INCREASE in rent/lease expense of $174,500 be the prudent thing to do??? TIA
Are the examples above just a matter of mastering the oft mentioned *learning curve*?
Are the examples above prime examples of gross mismanagement...or WORSE??? TIA
and I know.....people have choices ...buy,hold,sell....or
http://www.shareholdersfoundation.com
Just so we are clear.....are you stating as fact that JD told you rent is not passed through Wilkes Holdings? TIA
Your signature.....having *sussed* it out....refers to what company stock? EXPH? TIA
Wrong yet again......JD sells the current facility...up until that date rent factor was roughly $5300......RENT FACTOR TRIPLES....JD CREATES WILKES HOLDINGS......COMPANY SHRINKING...
as a side note.....the amount expensed for rent since the sale of the facility would have exceeded what the company owed on the facility at the time of the sale......meaning of course that the company would actually hold an unencumbered asset worth leveraging....meaning of course that the massive dilution heaped upon existing shareholders would not have been necessary.....meaning of course common shares would be worth more than they are currently. Reckless mismanagement at best.
And you are 100% correct...."patterns fit..yet again" you see....JD and Glenn ALSO looted the company till to the tune of roughly 400K in "LOANS" while the company bled red ink.
These decisions can not be attributed to "learning curves"... the decisions create a pattern that points to reckless mismanagement IMO
please feel free to list the address of a second facility that would explain the tripling of the rent factor expense. TIA .. LOL
WAITING
He is most certainly calling the shots and he along with Glenn are responsible for this fraud.
WRONG ......AGAIN
HINT: WILKES HOLDINGS
Hmm..lets see....JD claimed the following: ETC available in Window World...then hours later said "disregard" and promised an update- NO UPDATE was ever produced.
JD stated -Landmark project recommenced.....NO PROOF.And multiple raises in the A/S suggest NO LANDMARK PROJECT EXISTS.
JD stated -NO raise in the A/S....here we are...5 raises later.
JD stated -$6 million in revenue for 2009(He stated this in December 2009).....2009 actual revenue...$1.6 million! LOL
JD stated -Stop sign removal on or before September 1st.. here we are mid NOVEMBER and stop sign remains.
JD stated -ETC rollout in 2009 and again in 2010....here we are and no retail availability exists.
yet you will settle for a website update stating "router being worked on" ????? ROTFLMAO....priceless.
JD can't hog all the thanks....none of this is possible without help from his *supporters*/ *enablers*.
*perhaps* this was missed......
WHEN and WHY did D&D Displays' rent factor nearly triple?
*hint* Wilkes Holdings
Do you honestly believe Scott Nafe collects the entire amount shown as RENT EXPENSE?
Veno.....JD said they used money raised from the sale of shares to fund the garage sale -liquidation sale shopping spree where used equipment was purchased from BCC.....and since D&D Displays production has all but ceased....word has it *Glenn* appreciates the equipment. :)
Yes indeed.....If JD and Glenn weren't LIARS the following would be true:
Expo Holdings would be the parent company of Southern Candle.
2009 Gross Revenue would have been at least $6 million.
The ETC brand would be available via retail outlets.
Expo Holdings would be operating a Retail facility of their very own.
ETC Brand Cabinets would be available as part of the Window World line-up of products.
Form 3's would have been filed long ago.
The stop sign would have been removed from Pink Sheets.
The milestone project would be real.
There would not have been an increase in the A/S on 3/16/2010.
There would not have been an increase in the A/S on 4/9/2010.
There would not have been an increase in the A/S on 5/11/2010.
There would not have been an increase in the A/S on 10/19/2010.
There would not have been an increase in the A/S on 11/2/2010.
Exactly...it's all about learning curves and shorting.
"that one had me rotf lol...unreal"
The one that had me rotf lol and still has me rotf lol is the one where *somebody* actually considers a pink sheet -non reporting- money losing-insolvent-full of lies PR machine to be a 3-5 year buy and hold......unreal....isn't it?
Nah....JD is biding his time...mastering learning curves...waiting for the Dog-housing market to turn around.....then he'll pounce.....Dogs of all breeds will buy houses from JD....and Glenn will build decks for all the doghouses. The Doghouses will also feature interchangeable Dogs...patent pending and NO tools needed. These canine mansions will come fully furnished along with a complimentary broken down CNC router worth millions. And best of all...they will be available for purchase at every retail outlet in the world... including Toys-R-Us, Radio Shack, JoAnne Fabrics, Food Lion and Taco Bell.They will be endorsed by The American Kennel Club, Lassie, Rin Tin Tin and 'old Yeller' and carry the Knights of Columbus Seal of approval. All of the doghouse windows will be manufactured by Window World and installed by Kujo.The carpeting will be interchangeable as well...so no need for house-breaking and of course that too will be patent pending and require no tools except for a butane torch. Good times are a comin'
Okay..I'm scheduled to be in Kansas all next week....I'll deliver it to them in person....but first I need the address...they do have an office ....don't they?
This is NOT bottom rog......still has at least a 50% drop to go.
That sounds like a job for investor clueso.
You want a Link?.... the criteria used by MRT will include:
Past exploration performance
adequacy of financial resources
with this in mind ...here's your LINK:
http://www.merriam-webster.com/dictionary/common+sense?show=0&t=1289521383
Nope...you insinuated parts only being available from Europe...hence the delay. You have INSINUATED a $4.4 Million lost at the last nano-second purchase order....hence the $6 million revenues claimed by JD in DECEMBER!
You have INSINUATED that Food Lion cancelled all renovation and new store openings....hence the $22 million landmark project went kaput.........you have insinuated that ETC brand cabinets would have been part of the Window World line-up if not for the death of Window Worlds CEO(Yet Window World has moved forward and annouced other partnerships since his passing).....And every single solitary day you insinuate a MM conspiracy against poor old JD and Expo Holdings....you insinuate all PP shares were done at .001....yet JD stated "some" were done at .001(Probably from YEARS PAST) and JD also stated that others were NOT done at .001.....OOPS.
You insinuated all would be "KNOWN" 9/15/2010....now you are insinuating the date to be in 2011...OOPS.
Did the machine break down cause an interruption in the Dog House product line? Or perhaps the macro economic-meltdown contributed to the credit crunch making it harder for the average Beagle to secure a home loan?
It's getting there...just give it a little more time....once she closes under .002 *news* will hit..
I AM QUITE FAMILIAR with Stiles......the time frame JD posted is utter NONSENSE. Those that have done REAL DD are not prone to buying and HOLDING this stock.
Your insinuations don't pass the smell test....hope this helps.
Sure some "outsiders" are down big time.....but not the "INSIDERS".....you know....those who "lend" the company money in exchange for repayment of the money lent AND millions upon millions of deeply discounted shares....those folks are up BIG time and are preparing for the NEXT bite at the apple. I told you weeks ago that NO PR would hit until the PPS has sunk low enough for the next Note payable to be issued. Hope this helps
Again 4kids....Stiles Machinery in Grand Rapids MICHIGAN is a WEEKE DEALER.....JD has done business with these people in the past...Stiles held a UCC over certain equipment of D&D's at one time.......and as of this afternoon---per Eric at Stiles Machinery:
"we have a LARGE inventory of spare parts available for WEEKE, as well as a fully staffed rebuild department."
Europe is irrelevant to the situation.....hope this helps
Nate......JD does business with Stiles Machinery in Grand Rapids Michigan.....they carry the Weeke brand..parts,sales and service.......why wouldn't JD call them? They could dispatch a service technician and fix his machine.....or isn't it broken? Hmmmmmm.......is JD trying to sell the router? TIA
You are correct... Stiles Machinery in Grand Rapids Michigan is familiar with these machines....sales,parts and service.
http://www.stilesmachinery.com/support/technical-support
No, Thank YOU for raising the important question surrounding shareholder lawsuits and the process. I have taken the liberty of forwarding the concerns expressed here to a reliable source. I'll provide any updates for you when they become available. again.........thank you.
"btw ever been involved with a lawsuit against a pubco?" "Familiar with the process?"
Great questions 4kids.......perhaps a good starting point towards understanding the process and knowing your rights as a shareholder would be contacting a law firm which specializes in shareholder lawsuits(And there are PLENTY). There also exist investor advocacy sites which track and investigate shareholder complaints.
Here is a link that touches on the subject.
http://www.shareholdersfoundation.com
the page includes a "Report Fraud" tab
Please explain your following statement:
"access to capital sadly far easier in this economy as a private company vs. a public one.."
List out any circumstances which apply to the ETC Brand along with a detailed explanation of your statement.....you won't do any of this because YOU CAN'T.......your statement is patenly false in regards to ETC Brand cabinetry......the company has NO MEANS to pay traditional capital loans back without printing an endless supply of shares to dump on the PUBLIC.....and Granny & friends would likely pass at funding any additional ventures conjured up by Glenn and JD if there was not a public market to dump shares into.......hope this helps......JD has found access to capital through EXPH.......no payments....no exposure on his part.....he likes it that way.
LOL.....yes but it's all in how visiting shareholders interpret the large tube entering and emptying their pockets....perhaps some *visiting* shareholders would describe it as Expo Holdings branching off into the "DRY-CLEANING" business with expected revenue to be whatever was contained in their pockets??
Rumor has it they are attempting to convert the "gently used" machine pictured below into a share-printer.
http://assoc.auctionzip.com/Full-Image/954214/fp24.cgi
here are some photos of the "gently used" equipment. LOL
http://assoc.auctionzip.com/Full-Image/954214/fp29.cgi
http:/http://assoc.auctionzip.com/Full-Image/954214/fp213.cgi
okie-dokie......you do realize it is STILL 2010...right? And the reasoning behind Masco closing the Mills Pride plant in TODAYS WORLD was...per their SEC filings and PR's.......LOW MARGINS....ouch. The Masco cabinet segment reported an operating LOSS for the six month period ending June 30, 2010 of over 6% and MASCO does not incur invoice factoring expenses and the facility they plan on closing was AUTOMATED. Then of course we would have to ask the question: Would a company the size of MASCO secure lower prices on raw material's than say a company the size of EXPO HOLDINGS? And yet the segment operated at a 6+ % loss?? How would that translate to EXPO Holdings??
You are expecting a rather "sizable R/S"......isn't that precious......so basically wipe out current shareholders ...THEN take the company private?? LOL....and you look upon that as positive?? HOW IS THAT POSITIVE??
"comparable to mills pride...." I think you may be correct about that one......ouch
http://woodworkingnetwork.com/Masco-to-close-RTA-cabinet-plant-in-Waverly-OH/2010-04-27/Article.aspx?oid=1059003
Hello Nate, next time you talk with JD ask him one simple question: Is the huge monthly rent paid directly to the owner of the facility occupied by D&D Displays....or is the rent check made out to WILKES HOLDINGS. TIA
"gently used"....huh? Did you actually view the pictures of the dust collection device?? LOL
The issue is JD and Co. had to raise the A/S to finance a trip to essentially a GARAGE SALE.
Where oh where did JD & Co. "acquire" all the USED goodies which were announced on the Expo Holdings website on 10/25/2010?
Looks like he attended the Builders Choice liquidation auction.
http://assoc.auctionzip.com/cgi-bin/auctionview.cgi?lid=954214
LOL....so in fact the FREE VOD offered to a LOCAL UTAH audience will not generate any revenue...it will cost money..LOL
As far as due diligence and PR's.....no thanks...
company PR'd revenue guidance for 2010: um....I think they were off by about 97.9%
what happened to the bareknuckled brawling? LOL
what happened to the forward split? LOL
shall I go on?