Replies to post #23043 on Experience Art and Design Inc. (fka EXAD)

[SunshineSmiles]

I skimmed 4 PDF's and what I gather is EXAD was given notices to provide audited financials and they never responded to the letters. What do you think would happen? Exactly what happened.

On October 11, 2017, the Division of Enforcement filed a declaration establishing that Respondents were served with the OIP by October 6, 2017, by U.S. Postal Service priority mail express at the address listed on each company’s most recent filing with the Commission in accordance with 17 C.F.R. § 201.141(a)(2)(ii), (iv).2 Accordingly, Respondents’ answers to the OIP were due by October 19, 2017. See OIP at 3; 17 C.F.R. §§ 201.160(b), .220(b). To date, no Respondent has answered.



Repeat: EXAD did not respond.

https://www.sec.gov/alj/aljorders/2017/ap-5196.pdf

[SunshineSmiles]

Hence why the last filing is calling for proof that the delinquency letters were delivered to the new owners.

EXAD has an 8K for a change of management on Sept 28.

The SEC sent a delinquency letter on Sept 12 to the current address listed in the SEC Filings.

So the delinquency letter would not even had a chance to go to the new management because it went to the prior management.

The SEC is not stupid. I hope! LOL

[SunshineSmiles]

Hence why the last filing is calling for proof that the delinquency letters were delivered to the new owners.

Delinquency letters started in April 2016. A Derrick Lefcoe signed the filings then.

The same Derrick Lefcoe is listed under another ticker of BDCI as the CEO.

EXAD put out an 8K Sept 26, 2017 stating a change in management. The names that resigned were "Effective immediately Eugene Caiazzo and Gary Brown have resigned from all positions within EXAD."

Here comes the weirdness.

BDCI is current on the OTC. The current management names are Derrick Lefcoe (prior EXAD CEO), Eugene Caiazzo and Gary Brown.

Must be a coincidence.

Links can be found on the OTC. Do your own DD.