Expo Holdings Inc. (EXPH)

[Acc441]

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.