Replies to post #15575 on Experience Art and Design Inc. (fka EXAD)

[ForReal]

I agree. According to SEC rules, next 10Q is due May 15. So, EXAD is current.

Time frame for financial reports.
10Q Non-accelerated Filer
(less than $75MM) 45 days

And I am thinking that any quality company that would merge into a shell, would require that the financial reports be up to date for that shell. If EXAD is seeking a merger candidate that is audited (or can be audited with a minimum of effort), it is reciprocal that the merger candidate would want to merge into a shell that was up to date with the SEC.

I am almost certain, in my speculation, that Metro and the seven roll up companies may have been deficient in their book keeping and that was a major problem for getting that deal done. There were hints about the METRO acquisition being, perhaps, not as valuable as stated.

But, the mention of a company that had Fortune 500 customers, sounds like it may be better organized and perhaps already doing audits or easily audited.

From March 17 TWEET..........
$EXAD is in final negotiations with a national branded company. Fortune 500 clients, solid revs, and net income.
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