Replies to post #86667 on Expo Holdings Inc. (EXPH)

[Jeremiah]

Would JD selling the land and BUILDINGS....resulting in an ANNUAL increase to the rent/lease expense of OVER $174,000 be considered wise?? YES or NO. Before you answer please take into account ANOTHER FACT: The amount paid in rent/lease since selling the land and buildings would have PAID off every single penny the company owed on the land and BUILDINGS....with well over $100k to SPARE.

I could well be wrong, but I was under the impression that D & D Displays originally owned this building with a mortgage lien paid to a NC LLC entity. The names listed on this NC LLC are being withheld.

Right about the time Expo Holdings was in it's formative stages the building loan was paid off with Expo Holdings as the current owner. Then after EXPO obtained their SEC 15-2(c) approval, Expo Holdings turned right around and sold their building and left stock holders with a burdensome monthly lease payment on the books.

First, Do I have this any of this right?