Expo Holdings Inc. (EXPH)

[Acc441]

Exactly AStTropaz...IMO ..unless JD SOLVES this IMMEDIATELY the next step(s) will effectively shut this goat rodeo down....the Levy will relieve any choice or access to any cash coming in....which in turn leaves no money to keep the company current with Southern Community and other creditor.. from there Southern Community and other creditors holding pre-existing liens against specific equipment will be forced to repossess the equipment and auction it off.

Now that the federal lien has been filed and made public via the NC SOS site the current factoring agent has until roughly Sept. 16th to collect on any invoices issued pre- 8/2/2011....after that the IRS takes the funds...any invoices issued after 8/2/2011 are fair game for the IRS to take.The ONLY way to avoid this is for the factoring company to obtain suborgation from the IRS..NOT LIKELY given the company's financial state....OR a second cash filled separate account along with an increase in the factoring cost....again..NOT likely given the company's financial state.

Any new lien ...post 8/2/2011... would leave the lien holder ..at best...second in line.. behind the most powerful collection agency on earth...the IRS.

Any deposits paid to D&D Displays are fair game for the IRS to take....look no further than Builders Choice Cabinets and countertops for an accurate timeline......ONE more quarter of JD's willful failure to remit and it's OVER.....I'm quite certain the IRS has been notified :)...of the hide and seek game played by the Builders Choice crew and that will cause further scrutiny.

Maybe JD figures he can open a CIMA displays unit?? LOL

After all...there is a newly minted LLC on file in Nevada...created 8/1/2011 called Cima Holding LLC....no officers listed yet ....however I believe the officer list is due 9/30/2011.


http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=1u4aO9iPo5oZM8kF4OGyhw%253d%253d&nt7=0