Replies to post #100646 on Expo Holdings Inc. (EXPH)

[DD-214]

why all the doom and gloom (or is it gloom and doom?)? it's just another conspiracy concocted by a few of us with multiple on-line trading accounts swapping/washing/boxing shares among ourselves.. geeesh, no need to take it so serious..

[mahatmapaul]

good post, acc. I'm marking it.

What I picked up on after re-reading some of the info on the board is that the civil suits have gone after (successfully, it looks like) the personal assets of brown et familia et Harrs et familia. I just get a strong impression that JD and his gang will not be able to resurrect d&d in any separate shell or entity or whatever. The claims on personal assets makes it almost impossible to create a new business, because the person's ownership interest in any new business is subject to claim by the plaintiffs (and, of course, by the I.R.S.).

very bad for jd et al.

Didn't we see this coming from miles away?

[AStTropaz]

If Wurth Wood Group and Southern Community have: creation of security interest and Perfection of a Financing statement(UCC) prior to the tax lien being filed.. then Both Southern Community and Wurth Wood Group have priority to the SPECIFIC collateral listed in a proper Creation of security interest and properly drafted and filed UCC ...
Both Southern Community and Wurth will now move swiftly... they will take the legal steps in DEMANDING payment in FULL and seize the collateral if payment in full is not made.

That would seem true. However, everyone also realizes that any seizure and sale that could create a residual value, that residual would go to the IRS. No crumbs will be left in the process. When you add the lawsuits to the federal tax liens and monies not repaid by Harrs and Brown, it's close to $1,000,000 +/-. Where is the money going to come from AND we're not even sure who else is out there?! A mess is an understatement at this point. GLTA