Expo Holdings Inc. (EXPH)

[Acc441]

Paid off Weeke RNC 550 BB&T Leasing

D&D has 1 Weeke 550.. right?


BB&T was paid off however the Weeke RNC 550 is now encumbered by a UCC financing statement..it was refinanced.. the new lien holder is Southern Community Bank & Trust;from the ucc: "Optimat BHC 550 Weeke & associated accessories: Serial# 0-250-13-0800"

Paid off 3 forklifts and other equipment

How many forklifts are at the company ? The reason I ask is because according to a filed UCC FINANCING STATEMENT.. Southern Community Bank & Trust holds a lien on 3 forklifts..1 Toyota forklift, 1 Caterpillar Forklift and 1 Mitsubishi forklift.

On top of the 3 forklifts and the Weeke 550 The Same UCC on file(it has not been terminated nor has it lapsed) lists the following as collateral as well:

Altendor F-45 Slider 3400 & associated accessories serial# 01-06-154

EB Brandt optimat KD 55 & associated accessories serial# 0-261-02-7804

Homag se 6400 with return serial# 0-200-08-1886.

moving on:

the most current info on when aspects were paid off come from mgmt via the PR issued after the SM held last sept.

That is the logic used when crossing off the Gideon and Jay Shott UCC's as being PAID?

through some rather simple research it is easy to find out what it takes for a Financing statement(UCC) to become null and void.....and for YOUR information.. JD Brown issuing a website update containing forward looking language which states an intention to pay such and such off..OR JD Brown issuing a Press Release containing forward looking language which states an intention to pay such and such off are not examples of what it takes to satisfy a UCC Financing statement.

The $50k in debt was most likely the amount owed to Willis Hartley as part of the Builders Choice( a twice failed company which still owes the IRS over $125K in payroll taxes) *er*...acquisition.