Replies to post #100138 on Expo Holdings Inc. (EXPH)

[Acc441]

The attempt to salvage EXPH will be through separation from D&D displays. The tax liens...at least for now.....are not filed against EXPO Holdings. IMO JD and his pal have received some rather bad advice. Although a parent-subsidiary relationship complicates matters....still D&D displays can of course be tied to Expo Holdings via consolidated financials, identical officers, co-mingling of funds, officers using funds for personal gain and so on...........on the other hand...the IRS will pursue a path of collection starting with simplest-most cost efficient method....it will start with a TFRP investigation if the wizards refuse to pay......I am of the opinion that the IRS has ... through their own investigation ...or through *other* means ... in their possession enough SOLID and dated information to both identify who the IRS would consider "responsible" parties along with a list of assets belonging to the responsible parties .. the fact of the matter is SHAREHOLDER ADVANCES are classified as receivables and the IRS knows this... armed with the right information ...the IRS will classify the delinquent trust fund taxes as COLLECTIBLE .. for the record.. I do not believe JD's scheme to dump D&D Displays and retain his share selling enterprise will be successful.

[Acc441]

SBB...the boots on the ground...LOL....well suffice it to say that the 116 shaver street facility houses less machinery now than it did when the last SM took place. Pesky things..those silly serial numbers...pesky indeed.


I agree...IRS protocol undergoes frequent adjustment/updates.


IRS agents are not all equal in their abilities.....information regarding asset tracking is essential and if the IRS is helped or guided in their search...well this in my opinion would aide the IRS in determining whether or not a delinquency is COLLECTIBLE.


I would love to see JD and Glenn subjected to the process.


http://www.irs.gov/irm/part5/irm_05-007-005.html

[Kung Pao Chicken]

I am interested in seeing any photos from the Shareholder's meeting too!

I wish I was able to attend, but I am currently swamped with my new brokerage.

It's even hard to get on here everyday and keep up with the on-goings. How do you do it?

Anyways, does anyone know it will be a conference call type of format?

KPC