Expo Holdings Inc. (EXPH)

[Acc441]

I wonder if JD and Glenn realize the IRS tax lien includes the right to Intangible property of the delinquent taxpayer..

In this case the delinquent taxpayer is of course D&D Displays.

Intangible property is defined in part by the IRS as-

Certificates of stock
Promissary notes owed to taxpayer
DEBTS OWED TO TAXPAYER


And according to JD....Glenn along with JD still owe the company money due to not repaying in full the...*er*....ADVANCES.

The company was rather lax in regards to demanding repayment...
I don't think the IRS will show the same amount of patience. As for JD's explanation to Jerry's questioning the *advances* ... priceless.....for some reason...I don't think the IRS will find it satisfactory. Note to Jerry.....SAVE that email!

Ironic indeed.