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December 18, 2016 at 5:44 am #19254
Registered On: July 25, 2016
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<big>Regulation FD Disclosure</big>ITEM 7.01 Regulation FD DisclosureIncoming Subsidiary
Experience Art and Design is looking to close next week on the other non-dry cleaning company it has previously announced it is looking to bring in as a subsidiary. The incoming company will help boost shareholder value as well as EXAD’s balance sheet while Metropolitan Dry Cleaners matures. The new subsidiary has several million dollars in liquid assets, as well as consistent quarterly revenue. The completion of this action will allow EXAD to progress its corporate agenda at a faster pace without diluting shareholders. Upon closing EXAD will finally seek to change its name and ticker symbol.
British Columbia Securities Commission Cease Trade Order
Experience Art and Design has been working with the British Columbia Securities Commission “BCSC” to understand and seek a pathway to resolve the Cease Trade Order “CTO” that was placed on the Company by the Canadian regulatory authorities in 2014. Once the CTO in Canada is lifted, Management understands Canadian investors will once again be able to invest and trade in EXAD should they so desire.
EXAD’s understanding as a result of its work with the BCSC is that the CTO placed in 2014was instituted as a result of actions from two prior managements ago who were Canadian residents. EXAD as a corporation has always been registered and headquartered in the United States. The fact that Canadian residents were involved in the Company’s Management triggered a filing requirement which was subsequently not satisfied, and led to the CTO coming into effect.
Experience Art and Design has never been part of the DTC system, and thus some brokerages do not permit investing in EXAD. EXAD been in contact with counsel who can get the necessary DTCC Form filed for the Company so it can enter the DTC system for the first time.
EXAD believes a combination of the CTO being lifted and the stock entering the DTC system will add additional market liquidity potential by allowing Canadian citizens and non-Canadian investors who use brokerages such as TD Ameritrade to invest in EXAD should they so desire.
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December 29, 2016 at 2:17 pm #19349January 4, 2017 at 10:01 pm #19396
Registered On: August 8, 2016
Been thanked: 13 timesJanuary 5, 2017 at 5:39 am #19399
Registered On: April 29, 2016
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Let’s Rock N’ Roll Boys
Your Favorite New Yorker.
January 6, 2017 at 5:44 pm #19415
Keep up with the company’s updates/progress via twitter… @metropolitandr1
Last 2 tweets summarized
$EXAD announces the RM is complete and the audit/form 10 will be filed this month (Jan 4)
$EXAD meeting with sellers in North East US today to finalize APA + employment agreement (Jan 6)
I fully expect to see .01+ this month. Enjoy the ride!
1 user thanked author for this post.January 6, 2017 at 6:35 pm #19416
Registered On: September 9, 2016
Been thanked: 41 times
Experience Art and Design is pleased to confirm the 2016 mark-to-market year-end asset valuation of the incoming assets was in excess of $10 million dollars.
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1 user thanked author for this post.January 6, 2017 at 7:43 pm #19417
So many things planned for $EXAD in the coming weeks
Read the latest 8Ks for all the details…
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Uplist to QB (.01 minimum PPS)
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