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Santa Barbara Broker

08/08/11 2:29 PM

#99528 RE: Renee #99524

Renee...just to show I'm not a bad guy, I can offer up a BS story for JD Brown that might buy him some time with the denial stressed entities that still believe he isn't a hard-core sleaze. Here we go...

North Wilkesboro, NC PSSSN (Pink Sheet Sleaze Service Network) JD Brown Officer in Rotation of Expo Holdings, Inc. of North Wilksboro, NC today announced that the supposed IRS lien posted on the NC SOS site as supposedly held against D&D Displays (a division of Expo Holdings, Inc.) is all a huge misunderstanding.

"Yes, we had contracted for general labor from a local temp service and the understanding was that they, not D&D Displays, were to pay all costs associated with the labor force. These costs were understood to include fed and state witholding taxes and UC assessments and were to all be covered under a single hourly fee paid to the agency. Apparently the IRS has mistakenly assumed that D&D Displays held the tax assessment liability for these workers and has mistakenly assessed our company instead of the temp agency" said Brown as he turned from a light shade of chartruse to kelly green. "We should have this all cleared up here within a few days thanks to our loyal and valued shareholders bringing this surprising situation to our attention"

Glenn Harrs was not available for comment as he had been called away on business involving the immediate shut-down of a local temporary labor agency he owned.


That works as good as anything they are going to come up with and it almost sounds plausible. Surely they can still find a couple people with some money left who also remain deep enough in denial to buy it? They are sure going to have to step up their dilutive plans though. Not much time left once the lien is filed...I give them 21 days from the 8-2-2011 filing date...max. Race now is to whether the SM or the asset attachment comes first....assuming they don't just cancel the SM as I predicted. Sure hope they bought them Cayman Island tickets in advance, LMAO. IMHO.
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Acc441

08/08/11 10:46 PM

#99566 RE: Renee #99524

yes renee....and the IRS may take an interest in the conversion ratio JD and Glenn enjoyed when taking their preferred shares back to common....there very well could be additional tax implications which were...*er*...over-looked by JD and Glenn.

And of course the shareholder advances...could be a BIG problem for the 2 wizards of wilkesboro.....

Is "Diplomatic Immunity" a legal defense option for Werewolves?
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SevenTenEleven

08/09/11 8:40 AM

#99576 RE: Renee #99524

EXPH - This could be damaging. Don't mess with the IRS. Far bigger problem then the SEC, IMO. Interested to see how this plays out for them.

All companies have to file with the IRS annually, regardless if they file with the SEC or the OTC.