Replies to post #99515 on Expo Holdings Inc. (EXPH)

[P2O I'm from MO]

I wonder if it helps their cause if they used the money for expanding their
distribution footprint. They did sign up all those doghouse *retailers* and
pick up a delivery truck. Maybe they can plead they were building up the
business to be able to pay the taces.

[Acc441]

SBB...unless this issue is dealt with HEAD-ON and in IMMEDIATE fashion:


"not just factoring,every penny coming in from expo from every source" 100% Correct

"Including their little sub-lease deal.." 100% Correct

and yes....Personal finances will indeed be..*er*...*VETTED*


"will those possible rental kickbacks show up anywhere..."

Absolutely...the sale of the land and buildings will be traced to the current..owner NAFE...any and all rental/lease or lease-back agreements will be fair game and....*vetted*.


Wilkes Holdings LLC will be *VETTED* as will the sale of shares along with share ownership...salaries and of course the SHAREHOLDER ADVANCES...the IRS subscribes to the DUCK theory regarding sham advances/loans...and yes....generally speaking...if the IRS can prove FRAUD there is NO statute of limitations.


"All those cash side businesses...."

yes...the Brown family Hardware store, Chicken Investors, and Home Handi-man included....it's all fair game.

IMO...screenshots and pdf files could come in handy if JD does not satisfy the IRS pronto...including the shareholder udate list of messages on the Expo site...for example...the recently posted "$50,000 in long term debt paid off(Southern Community bank)"....a big NO-NO.

as for becoming enemies with you?? .. Not a chance!....I tend to pick my battles wisely!..LOL