Replies to post #96500 on Expo Holdings Inc. (EXPH)

[99leadballoons]

http://www.secretary.state.nc.us/ucc/FilingChain.aspx?FileNumber=20080045991K#

This is by far the most ridiculous. They paid 34% interest on a stupid note to buy a product called bite back that obviously is DOA (just like etc.).

This was a stupid decision that was magnified by the fact that GH and JD are crooks. If they wouldnt have pilfered the 400k from Expo, they could have paid for this in full up front and at least saved 17k.

[fourkids_9pets]

based on the layout and the way
this info is presented via the NC SOS

i had to literally cross check file no.s
from your post to penny's interwoven with
what mgmt has pr'd and updated via their
website specific to what has been paid off
<terminated or lapsed> vs what is still open
<continuation> via the NC SOS site ..

enjoy ~

===

in order of filing date ~ your post first  
 followed by penny's post second  
  
 no. 1 ~ 
  
 20020075801B 7/9/2002	D & D DISPLAYS, INC.  
  
  
 20020075801B - terminated 8/2/2007 US Bancorp 
  
 no. 2 ~  
  
 20030115603B 11/17/2003	D & D Displays, Inc 
  
 20030115603B - Paid off-Schmalz vacuum system GE Capital Corporation 
  
 no. 3 ~  
  
 20040119930M 12/14/2004	D & D DISPLAYS, INC. 
  
 20040119930M - Paid off Holzma Panel saw TCF Leasing  
  
 no. 4 ~ 
  
 20050022137C 3/7/2005	D & D Displays, Inc 
  
 20050022137C - Weeke RNC 550 The Harwood Group  
  
 <my edit on penny's post> .. this is actually a typo  
 it's	 The Hardwood Group d/b/a Charlotte Hardwood Center  
 link to NC SOS for *vetting* 
  
 no. 5/no. 6/no. 7/no. 8 ~ 
  
 20060004110F 1/12/2006	D & D DISPLAYS, INC. 
  
 20060004110F - Terminated 4/3/2008 Benefactor Funding Corp  
  
 no. 9 ~ 
  
 20070094351B 10/3/2007	D & D DISPLAYS, INC.  
  
 20070094351B - Wachovia - Gerber Scientific  
  
 no. 10 ~ 
  
 20080016306H 2/19/2008	D & D Displays, Inc. 
  
 20080016306H - Paid off Brandt KDN 350=Popular Equipment Finance 
  
 no. 11 ~ 
  
 20080017124G 2/21/2008	D & D Displays, Inc.  
  
 20080017124G - Paid off 3 forklifts and other equipment- Southern Community Bank and Trust  
  
 no. 12 ~ 
  
 20080018923E 2/27/2008	D & D DISPLAYS, INC. 
  
 20080018923E - Terminated 4/2/2008 Stiles Machinery 
  
 no. 13 ~ 
  
 20080022336H 3/10/2008	D & D Displays, Inc.  
  
 20080022336H - Crestmark Capital 
  
 no. 14 ~  
  
 20080044527C 5/12/2008	D&D Displays, Inc  
  
 20080044527C - Gideon Financial- 12 month note - paid off  
  
 no. 15 ~ 
  
 20080045991K 5/16/2008	D&D Displays, Inc 
  
 20080045991K - Jay Shott- 12 month note- Paid off

====

so by doing this cross checking  
  
 there are actually 4 more in penny's list 
 because he only counts this file <4100F> *once* 
   vs. your list that counts it 4 times  
  
 20060004110F - Terminated 4/3/2008 Benefactor Funding Corp  
  
 now the 4 additional ones from penny's list from last july are 
  
 no.1 ~ 
  
 20040074650K - Terminated 3/18/2005 Stiles Machinery 
  
 no. 2 ~ 
  
 20040089752J - Paid off Weeke RNC 550 BB&T leasing 
  
 <my edit> no date given in penny's original post so again 
 here is the info directly from the NC SOS for *vetting* 
  
 the lapse date on the above is 9/10/2009 
  
 no. 3 ~ 
  
 20040118845E - Terminated 12/29/2004 Stiles Machinery 
  
 no. 4 ~ 
  
 20050011605A - Paid off Pneumafil Dust Collector- First Lease 
  
 <my edit> no date is given in penny's post so yet again 
 folks can go directly to the NC SOS and verify specifics 
 lapse date of 2/4/2010

===
so there we have that explanation as to the difference
in the 16 vs 15 UCCs' ~ and then some

===

moving on .. the most current info on when aspects
were paid off came from mgmt via the PR issued after
the SM held last sept ~ <for the record that was 4 PR's
and 9 months ago>

Two debts, one with BB&T and one with TCF have been paid in full and the company now owns the equipment. The company’s focus will now turn to debt reduction with other traditional banking sources as well as direct debt reduction to five (5) individual debt providers. These debts total approximately $247,000. It is the company’s goal to satisfy these private debt providers by April 2011. It is imperative that the company have a stronger balance sheet by January 1, 2011 to be prepared for expected opportunities.

PR LINK

now as a reminder for any new eyes reading along

the co.s router went down approx 3 weeks *post* SM and
was non operational for 6 weeks .. until it was tested
on 11/23/2010 and resumed production *post* test ~

what may have been missed was mgmt's info via their website
back in april 2010 and noted in penny's original post

4/14/2010 1:42:10 PM
*****
The company has recently issued shares in support of its 2010 business plan. The company has a significant debt load, however, it is making progress. The company has two leases / loans related to equipment, one with BB&T and one with TCF Equipment Finance. The TCF agreement (originally over $250,000) has less than 10 months remaining at approximately $5,000 per month. The BB&T Agreement (originally over $191,000) has 5 months remaining at approximately $3,000 per month. The company intends to use additional capital to accelerate the payoff of these two major pieces of equipment. Once these two aforementioned loans / leases are paid in full, the company will focus on debts to individuals and organizations that have provided essentially "unsecured" loans. Resolution of these debts is critical to the company's plan to have a strong balance sheet by December 31, 2010. Further, the company has recently completed it's loan agreements and now owns outright 3 of its forklifts, and all of its other material handling equipment, including conveyers. All of these actions and intended actions are to strengthen the company's balance sheet. All of these actions and intended actions are in anticipation of a larger restructure of the company's credit facilities. The company expects lower operational costs and a lower selling, general, and administrative cost as a direct result of the elimination of this debt.

above can be accessed via the co.s website/shareholders' section

==
link to penny's post from last july

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52304825&txt2find=ucc

as well as the link to your post

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63956664


===
4kids
all jmo

[Jeremiah]

The first time I viewed the NC SOS UCC's of D & D Displays, the main website heading said 16 records. Months later I go back to check something and now the heading says 15 records.

Strangely peculiar that "Headings" seem to a real popular topic for discussions.