Replies to post #98516 on Expo Holdings Inc. (EXPH)

[sburlria]

Probably the biggest smoking gun imo.
Look closely into the sale/leaseback arrangement.
Who was the accountant that set that gem up?
Do the lease payments include a repurchase to recycle that building sale again and again?
So cool how Wilkes Holdings LLC is both unrelated to EXPO where it counts for loyal shareholders and *unrelated* to EXPO when doing the accounting. Hmmmmmm, really have to wonder.
Gotta believe JD would LOVE to describe to loyal shareholders exactly how it works.

[Santa Barbara Broker]

That's what their filings seemed to indicate Jerry. You may want to look into why they sold the building at 40% below what I have estimated would have been comp price at the time to a landlord who then began charging rental at 150% to 200% of what the going per square foot annual rental for commercial property seemed to be bringing in that area in 2007. Sounds like a great deal for Brown and Harrs....the lousiest of deals possible for common shareholders on the outside. Also sounds like something somebody sleazy might consider doing if they were going to be kicking back a substantial portion of the high end rental to some silent partners...just sayin of course ;-). All IMHO.

[Acc441]

S.B.M.P., LLC


managing members:

Louis Silver

Patricia and Claud Brooks


Wayne and Anja Murdock

Earl and Marilyn Parsons


IMO.....L/C with a balloon pymt. balance due to S.B.M.P., LLC at the time JD...*er*....'SOLD' the land/buildings was roughly 460K if memory serves me.