Replies to post #15970 on Experience Art and Design Inc. (fka EXAD)

[CowboysNation88]

UPDATE 5-31-17 Progress continues!!

From 5-31-17 8k:

“EXAD” is entering the final phase to complete its pending reverse merger with a revenue producing company.

The first quarter financial results from the merger company will be delivered in the coming days. Once the financial report has been reviewed and should it represent what has been discussed, EXAD will enter into a definitive agreement.

Based on the review of the company EXAD anticipates no surprises within the report and after the review EXAD will be able to make a formal announcement to its shareholders about the incoming company.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12101401

From 5-10-17 8k:

Experience Art and Design Inc. "EXAD" would like to take this time to update shareholders on the future of the Company.

EXAD has been working to close a transaction with a multimillion dollar revenue producing company with positive net income. We have worked out a frame work of a Triangular Reverse Merger which includes EXAD filing its 1 st quarter report (DONE)and obtaining DTC access (in progress 8k on 5-24-17). The incoming company must supply audited financials for the last two years and the first 3 months of this year.

EXAD received its refund back this week from the attorney it hired to assist the Company with entering the DTC System, EXAD will now in the coming days hire Island Stock Transfer as we have mentioned before (done, island estimates 2-3 weeks from 5-24-15 8k). https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12088806

The audit of the incoming is slated to begin the week of May 22, 2017 and anticipated to take up to six weeks to complete.

EXAD will be filing a 14c regarding the transaction in the beginning of June, once the 14c has been filed it will take approximately forty five days to complete the Reverse Merger (per tweet on 5-25-17, update COMING after memorial day weekend).

#EXAD with DTC in progress and soon to be completed, the next item for EXAD is the 14C, expect progress updates after the holiday weekend.

— metropolitandryclean (@metropolitandr1) May 25, 2017

All current officer and directors of EXAD will resign at closing and the incoming company will assume control.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12055370