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veno... D&D Displays is being liquidated...NOT PHASED OUT.
A liquidation in the wake of federal tax liens, civil suits brought by banks & other lenders will not lead to a 'leaner and stronger' EXPH.....a MAMMOTH REVERSE SPLIT AWAITS If EXPH...the SHELL...survives...rendering current non-insider shareholders in worse shape than they find themselves in currently... hard to imagine..but true.
There is NO constructive change of direction.. EXPH is a SCAM.
It's called- rinse and repeat.
The cabinet division you refer to is a twice bankrupted entity formerly known as Builders Choice Cabinets & Countertops.
The "bad" economy safety net used by enablers must be lost on JD and Glenny 'boy'......100 retail outlets by Jan. 1 2011?? this obvious LIE was told despite the LIARS knowing full well that:
FEDERAL TAX LIENS WERE INEVITABLE..Southern Community wasn't being paid...Wurth Was not being paid.....and on and ON... LOL
As usual...Your reasoning is sound SBB...50K was being generous to EXPH...
Let me put it this way.... there is plenty of floor space available at 116 Shaver street.
https://tax.wilkescounty.net/MSS/Citizens/PersonalProperty/ViewBill.aspx
Type in D & D Displays.....compare 2010 with 2011...via the property value tab on the left
Great post SBB... D&D Displays is HISTORY....
Add Wilkes County to the list.... according to the Wilkes County Government site D&D Displays still owes $2936.32(This includes interest & penalties assessed) for: 2010 Personal Property Tax- Machinery & Equipment.
Oddly enough...in 2010 D & D Displays: Machinery and equipment net value $199,000
Yet for Billing year 2011 D & D Displays: Machinery and Equipment net value $39,800.
What a FARCE
Yes SBB... it appears Wurth, knowing that North Carolina is a common law state, included the wizard's wives as guarantors along with JD and Glenny 'boy'
Jerry.. the purpose behind posting such nonsense is to deflect attention away from tax liens, insolvency, civil suits, sold off assets, lying JD, lying Glenny 'boy' and a company that has ceased to exist in any real form. It's called *enabling*.
Given the information that has come to light...The chances of finding 7 happy investors who have PURCHASED and are holding a combined 2 BILLION+ shares of this scam are equal to the chances of ETC Cabinets being available in 100 retail outlets.
On the other hand.. finding a combined *7* insiders- *enablers*- who have enriched themselves courtesy of this scam ... should be no problem at all.
Jerry... regarding the PM...many sources checked :)
Very nice list of questions SBB.....not really much to add..
I would inform JD and Glenny 'boy' that I am recording the meeting..
I would also ask JD and Glenny 'boy' to personally show those in attendance specific pieces of machinery ....the machines in question are identifiable by specific serial numbers:
01-06 154
0 250 13 0800
0 261 02 7804
0 200 08 1886
I would then ask JD and Glenny 'boy' : What happened to the missing machinery?
there will be no residuals...no crumbs.... you are correct...IMO even if Wurth and Southern Community are made whole through seizure of assets listed as collateral the IRS then steps to the plate....then all other creditors
LOL...doom? gloom? it's both... in either order
I forgot about the multiple on-line swashbuckling of trade washing and wife swapping....and of course any boxing must be done in a wine cellar... another good source of course is street-walkers....the oldest profession in the world..gotta love and appreciate the feet on the street.
Why would *anyone* continue to enable this scam?
SBB... IMO the $50k came from the sale of equipment. I'm working on getting documentation of exactly that.
AStTropaz.....the sprint began once the tax liens were filed.This forces a creditor to aggressively pursue collection options including seizure of the collateral. After all... D&D Displays is insolvent...D&D Displays was delinquent with Southern Community and Wurth BEFORE the tax liens were filed...after the filing of the tax lien comes a LEVY... with this in mind.. if D&D Displays could not make timely payments on their debt before the tax lien was officially filed....how in the world will D&D Displays become AND stay current on debt repayment once the IRS has levied any and all cash coming in?? Of course Southern Community and Wurth realize this and will take the steps to protect their interests.
Southern Community is aware of the federal tax liens filed against D&D Displays.
Wurth Wood Group is aware of the federal tax liens filed against D&D Displays.
If Wurth Wood Group and Southern Community have: creation of security interest and Perfection of a Financing statement(UCC) prior to the tax lien being filed.. then Both Southern Community and Wurth Wood Group have priority to the SPECIFIC collateral listed in a proper Creation of security interest and properly drafted and filed UCC ...
Both Southern Community and Wurth will now move swiftly... they will take the legal steps in DEMANDING payment in FULL and seize the collateral if payment in full is not made.
It's a death spiral for D&D Displays....the tax lien must be satisfied and removed in order for D&D Displays to have access to any new capital......INCLUDING funds via FACTORING....the factoring company has a limited amount of time to collect on any outstanding invoices funded before the tax lien being filed and 45 days(Sept. 17th) to collect on any invoices funded after the tax lien was filed.
D&D Displays is no more.
Will they be successful? You never know.. How aggressive will the IRS and other creditors be?
A similar sequence of events took place with AERP- Aero Performance products.... a sad tale about a privately held, failing niche muffler company which went public via a reverse merger..TTR HP was the private entity and became a subsidiary of AERP's via the process....after going public... TTR HP was sued by numerous entities..including NASCAR.. AERP's mgmt shed TTR HP in an attempt to salvage the shell.....NASCAR was ULTRA-AGGRESSIVE... pursued not only TTR HP...but the CEO and AERP(TTR HP'S parent company) as well ....AERP now sits at no bid with a MILLION DOLLAR judgment hanging around it's neck...
However.. even if the IRS, Southern Community, Wurth Wood Group and others being stiffed by JD and Glenny opt against aggressive prosecution ....any non-insider holding shares in this scam is out of luck.. they will be reversed split into the next century as part of the "rinse" process..
Yes Jerry.. it certainly is
SBB.. by the time CIMA was added to the Expo Family both JD and Glenn knew that payroll taxes were not being remitted, suppliers were not being paid and Southern Community Bank and Trust was already hounding the 2 wizards for payment... CIMA was added to fill what would otherwise become a vacant shell due to D&D Displays going under.. JD and Glenny 'boy' will try their best to shed D&D Displays from EXPO HOLDINGS via liquidation...count on it.
It's brutal....the Wurth group actually filed their original suit back in May..... itrader enlightened the board by posting the ACTUAL Judgment($300k) against D&D Displays/Harrs/Brown and their spouses.
.. the Wurth Group along with the IRS and all other creditors have been provided..or will be provided a list of assets belonging to the Brown's & the Harrs'..property,businesses,automobiles,stock and such....
I too feel bad for those unwittingly scammed... however...as for Brown- Harrs and their enablers....they *ALL* should be ashamed and deserve what they have *coming*.... anyone who continues to provide *excuses* and cover for Brown-Harrs and this scam are culpable IMO...they *KNOW* who they *are*....absolutely shameful
Renee.....regarding your PM....no connection IMO
I also sense the BK aroma in the air. all other creditors will follow suit and file against the 2 wizards and their entities.
Tough break for the 2 wizards of wilkesboro.. cellar boxed and shorted by the IRS, Wurth wood Group and Southern Community Bank and Trust.. who's next??
yes...it truly is amazing SBB...what's even more amazing is that this is still being pitched as a long-term investment.
You can't have a long running scam without enablers..
Not fodder veno... jimmy crack corn and HE don't care....no more. get it?
D & D Displays is closing up shop due to massive debt, pitiful revenue and of course tax liens. This pump and dump needs a rinse.
Posting false 2009 float numbers will not change any of the above.
Posting false 2011 float numbers will not change any of the above
Finding volume to be curious will not change any of the above.
Posting irrelevent links to quotemedia will not change any of the above.
The gig is up.
Huh?? Fido offers stock lending services....
Howard G Smith... heavy hitter..no?
The same Howard G Smith who is participating in the class action law suit against JBII ??
The Rosen Law Firm you say .. heavy hitters are they?
The same Rosen Law firm participating in the class action law suit against JBII ??
The old used router was paid off shortly before(US Bancorp UCC) JD financed the new used one(Southern Community)......was this accounted for properly?? .....the IRS .. as in Internal Revenue Service .. will have a field day.
This is just the beginning IMO.
Wilkes Holdings anyone??
SBB.....the particular auction is indeed IRS auctions..however they are not affiliated witht the internal revenue service.
IRS...as in......Industrial Recovery service.
Why would JD schedule the shareholders meeting on Sept. 22....
Mr. Kendrick still heads up the burgeoning ETC and Pet product divisions...right?
Apparently Mr. Kendrick has a scheduling conflict?? LOL
http://cgrha.webs.com/apps/calendar/
actually roger..I think you will find pump and dumps executing reverse splits all the time....it's called rinse and repeat...and I think you'll find that no matter the size of the split ...this pos will retrace quickly to low triple zero levels.
It's not the size of the split... it's the players...as in...INSIDERS. Hope this helps.
?? big fight= Drop in price?? The next "big fight" put on by these yo-yo's will be their first.
Try digesting this: Billion share increase= drop in price...it's called dilution...which is something this company does in a "big" way.
Hope this helps.
Thanks SBB.... much APPRECIATED!
thanks....I'll look it up
Agreed. D&D Displays is winding down operations...they have been for some time now. Does anyone have handy the ebay store Glenn used to sell D&D Displays assets? Please post it ASAP if you have it. TIA
veno...let me be clear.....the ONLY way an installment agreement could be worked out includes a REAL-not imaginary- *vetting* of the company's financials.....the number of delinquent tax periods along with the amount of the delinquency prohibits participation in the "streamline" process....nor is the company eligible for the "Guaranteed" installment agreement program.
IMO, The IRS is in possession of material which will help them through the "Responsible" persons investigation...the material should aide the IRS in deciding whether or not the Delinquency is "collectible".
JD's best hope at this point would be to ride away on a Hurricane Irene wave. JD and Glenn should have repaid the $400K in "advances"......the 2 wizards are about to be taught a lesson.
those silly,silly....pesky serial numbers...tsk..tsk
SBB...the boots on the ground...LOL....well suffice it to say that the 116 shaver street facility houses less machinery now than it did when the last SM took place. Pesky things..those silly serial numbers...pesky indeed.
I agree...IRS protocol undergoes frequent adjustment/updates.
IRS agents are not all equal in their abilities.....information regarding asset tracking is essential and if the IRS is helped or guided in their search...well this in my opinion would aide the IRS in determining whether or not a delinquency is COLLECTIBLE.
I would love to see JD and Glenn subjected to the process.
http://www.irs.gov/irm/part5/irm_05-007-005.html
The attempt to salvage EXPH will be through separation from D&D displays. The tax liens...at least for now.....are not filed against EXPO Holdings. IMO JD and his pal have received some rather bad advice. Although a parent-subsidiary relationship complicates matters....still D&D displays can of course be tied to Expo Holdings via consolidated financials, identical officers, co-mingling of funds, officers using funds for personal gain and so on...........on the other hand...the IRS will pursue a path of collection starting with simplest-most cost efficient method....it will start with a TFRP investigation if the wizards refuse to pay......I am of the opinion that the IRS has ... through their own investigation ...or through *other* means ... in their possession enough SOLID and dated information to both identify who the IRS would consider "responsible" parties along with a list of assets belonging to the responsible parties .. the fact of the matter is SHAREHOLDER ADVANCES are classified as receivables and the IRS knows this... armed with the right information ...the IRS will classify the delinquent trust fund taxes as COLLECTIBLE .. for the record.. I do not believe JD's scheme to dump D&D Displays and retain his share selling enterprise will be successful.
yes SBB.....once JD and Glenn decided to not remit payroll taxes for the 2nd time and/or the amount of the actual delinquency in assessed trust fund taxes surpassed $10k ...things changed.
No phone call could solve it....a full blown TFRP assessment and review of FINANCIALS .....would the 2 wizards of wilkesboro welcome such actions?
http://www.irs.gov/irm/part5/irm_05-014-005.html