Expo Holdings Inc. (EXPH)

[Acc441]

AStTropaz.....the sprint began once the tax liens were filed.This forces a creditor to aggressively pursue collection options including seizure of the collateral. After all... D&D Displays is insolvent...D&D Displays was delinquent with Southern Community and Wurth BEFORE the tax liens were filed...after the filing of the tax lien comes a LEVY... with this in mind.. if D&D Displays could not make timely payments on their debt before the tax lien was officially filed....how in the world will D&D Displays become AND stay current on debt repayment once the IRS has levied any and all cash coming in?? Of course Southern Community and Wurth realize this and will take the steps to protect their interests.

Southern Community is aware of the federal tax liens filed against D&D Displays.

Wurth Wood Group is aware of the federal tax liens filed against D&D Displays.

If Wurth Wood Group and Southern Community have: creation of security interest and Perfection of a Financing statement(UCC) prior to the tax lien being filed.. then Both Southern Community and Wurth Wood Group have priority to the SPECIFIC collateral listed in a proper Creation of security interest and properly drafted and filed UCC ...
Both Southern Community and Wurth will now move swiftly... they will take the legal steps in DEMANDING payment in FULL and seize the collateral if payment in full is not made.

It's a death spiral for D&D Displays....the tax lien must be satisfied and removed in order for D&D Displays to have access to any new capital......INCLUDING funds via FACTORING....the factoring company has a limited amount of time to collect on any outstanding invoices funded before the tax lien being filed and 45 days(Sept. 17th) to collect on any invoices funded after the tax lien was filed.

D&D Displays is no more.