Replies to post #96848 on Expo Holdings Inc. (EXPH)

[underdog150]

Cute post 4kids, but wouldn't the whole process of your speculation be better served if the company actually filed complete financials so investors didn't have to guess what was paid and what wasn't? Relying on internet posters interpretations
of anything to do with this company has led many to financial ruin. edit

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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 ~

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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

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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>


Quote:
--------------------------------------------------------------------------------
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

[Acc441]

Paid off Weeke RNC 550 BB&T Leasing

D&D has 1 Weeke 550.. right?


BB&T was paid off however the Weeke RNC 550 is now encumbered by a UCC financing statement..it was refinanced.. the new lien holder is Southern Community Bank & Trust;from the ucc: "Optimat BHC 550 Weeke & associated accessories: Serial# 0-250-13-0800"

Paid off 3 forklifts and other equipment

How many forklifts are at the company ? The reason I ask is because according to a filed UCC FINANCING STATEMENT.. Southern Community Bank & Trust holds a lien on 3 forklifts..1 Toyota forklift, 1 Caterpillar Forklift and 1 Mitsubishi forklift.

On top of the 3 forklifts and the Weeke 550 The Same UCC on file(it has not been terminated nor has it lapsed) lists the following as collateral as well:

Altendor F-45 Slider 3400 & associated accessories serial# 01-06-154

EB Brandt optimat KD 55 & associated accessories serial# 0-261-02-7804

Homag se 6400 with return serial# 0-200-08-1886.

moving on:

the most current info on when aspects were paid off come from mgmt via the PR issued after the SM held last sept.

That is the logic used when crossing off the Gideon and Jay Shott UCC's as being PAID?

through some rather simple research it is easy to find out what it takes for a Financing statement(UCC) to become null and void.....and for YOUR information.. JD Brown issuing a website update containing forward looking language which states an intention to pay such and such off..OR JD Brown issuing a Press Release containing forward looking language which states an intention to pay such and such off are not examples of what it takes to satisfy a UCC Financing statement.

The $50k in debt was most likely the amount owed to Willis Hartley as part of the Builders Choice( a twice failed company which still owes the IRS over $125K in payroll taxes) *er*...acquisition.

[Acc441]

jay shott- paid off

TCF leasing- paid off

Proper *verification* and *vetting* ??


and as told to *you* and others.. IN REAL TIME.. many of the terminated and other "paid-off" listings were SIMPLY REFINANCED and therefor still lien ENCUMBERED.



OOPS