Expo Holdings Inc. (EXPH)

[Acc441]

IMO, "shareholder advances" will come up for *vetting* if JD and Glenn fail to clear up the Federal tax issue ....PRONTO.

Of course the IRS may be interested in the June pronouncement:


"The Company paid down it's long term debt(TO SOUTHERN COMMUNITY BANK) by $50,000 as released on JUNE 1, 2011. This payment was made from CASH FLOW and was made on or before the date released."


So....if the $50K went to Southern Community Bank instead of the IRS...well...UH-OH .....on the other hand...if the $50K did go to the IRS....then JD LIED about "Southern Community Bank debt........either way...not a good scenario.