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Thanks V. The more I examine EPGL, the better it looks. Time to buy another 20k.
I thought the attorney letter on file with the Pink OTC Markets Group dated October 12, 2015 put the filing issue with regards to being current to rest. EPGL hired Matthew B. Ladin, Attorney licensed in California and authorized to practice law in front of all federal and state commissions, including the SEC, to address what many are questioning. Namely; Is what EPGL has filed as financial statements so far adequately met the requirements for Pink Stocks on the OTC, particularly in light of Rule 144 (c)(2) under the Securities Act of 1933?
His opinion was that they did and it was so filed and accepted by the OTC Markets Group. So there is no need to change their method of filing until they upgrade off the Pink sheet. If they do graduate it will only be due to a substantial contract approval with COO, AT&T, or maybe even Intel. So far, it looks like COO in the near term. When that happens, they will have the funding to have whatever audited financials that are deemed necessary according to their status in the market.
By the way, at some point after June, another 50 million common shares were retired but look at how negligible an effect that had on the pps. There appeared to be massive selloff once the pps hit .08 by the opportunists who hang out on the pinks. Most of us longs waited, buying when the price average dropped below what we bought in at. I don't blame Michael Hayes and Pricewaterhouse for discontinuing the share reduction. They asked for loyalty from the shareholders in their reduction letter filed in January and look what happened. What would you have done watching your stock price drop like a rock after positive agreement disclosures. I'll bet they can't wait to get out of the Pinks and away from the shortsighted traders it attracts.
That's my two cents for what it's worth. Probably less than two cents.
EPGL Long
I agree with the assessment of EPGL as a company with good prospects. I guess it is just frustrating that it seems like the company is in the hands of someone who, although being a brilliant engineer, doesn't appear to have the best business savvy for deal making.
Good post. I can see your point. It just seems like EPGL has been doing just that, promoting their technology in hopes of drawing investors which would naturally tend to push the share price up. It seems that would be counterproductive to COO's desire to keep it under wraps until the deal is struck. Wouldn't COO ask EPGL in negotiations not to disclose the nature of the deal? Yet EPGL has been promoting it. And now, look at the result for EPGL shareholders. The pps just keeps dropping because there is no news they can report when EPGL just should have kept its mouth shut like COO and AT&T the whole time.
Yeah, I'm with you on that. It just seems a little counterproductive to those big companies if they've got a huge stake in this developing market but don't even acknowledge EPGL's existence when they're development partners.
Yes, but all those sources like Zack's of this development between EPGL and Coopervision are getting their information from where? it looks like it's all coming from EPGL because it restates what's on EPGL's investor information page. But there is zero information at all from Coopervision or AT&T on their websites about this joint venture. I'm not saying it doesn't exist because Coopervision and AT&T have not denied it. But if they're involved in this industry leading tech through EPGL, wouldn't they want more investment in their companies due to this joint venture? Wouldn't you want everyone to know that you've got a stake in the 'vision revolution'?
I'm wondering why there is no information at all on either Coopervision's investor relations website nor on the Cooper Companies website regarding their potential relationship with EPGL. Seems like with the enormity of the smart contact lense market, Coopervision or its parent, the Cooper Companies, would want their investors and potential investors to know that they're not going to be left in the dust by Google and Novartis when those two companies develop this technology.
In fact, the only one putting out any PR is EPGL. In addition, when you go on EPGLMed's website, all they have listed for products is their pain monitoring device. In their 'About EPGLMed' tab on their website it says absolutely nothing about their development of this ground breaking vision technology. That only is listed in the 'Investor Relations' tab.
I checked on AT&T's investor information page on their website and it was the same thing. Nothing about EPGL. Even MEMS news is simply parroting what EPGL has put up for PR in their Newswire press releases.
Why is EPGL the only one talking about their groundbreaking technology that many feel is a multi-billion dollar market?
Check out the EPGL 1 and 2 year chart trend. After each dip to .04, where we are now, there has been a jump each time anywhere from 50% to 100%.
Not absolute...but interesting!
Too bad that report was from the end of 2014. During that time and before all the way up to when VGTel hired their new CEO the company sales were stagnant. They could have been developing marketing agreements with companies like DirectTV for the use of their new 4K conversion. Appears like VGTel, at least during that time, didn't have much of a marketing team in operation. Seems like any company trying at this point to do that may be fighting for what crumbs are left. An agreement with Netflix or Amazon would have launched VGTel into the stratosphere.
Maybe that's why we haven't really heard too much from our CEO, Ms. Antonetti. She's scrambling to make up for that lost time.
My point exactly.
About EPGL Medical Science's Share Structure :
EPGL has a share structure of 5 billion authorized shares with approximately 4.5 billion shares restricted and a float of approximately 499 million. Following a very successful Reverse Split EPGL has decreased the float by 90% and increased share holder value by over 500% since that time. The company has strongly stated many times that they will not sell shares into the retail market. They are here to build a real company and implement real growth. Since restructuring EPGL has not increased the Float/OS/AS and have given us their word on countless occasions they will not do so. As of Start of January 2015 Pricewaterhouse Coopers and EPGL Reach Agreement to Reduce Outstanding and Authorized Shares. Reduction of A/S and O/S is currently ongoing and first evidence of EPGL reducing shares will be shown in upcoming Quartley Report Q3, 2015
So, when Q3 10-Q is filed, we will see whether the share structure is reduced from 4.5 billion to the originally suggested 2.99 billion, more or less.
Do you have a link to the latest video update that shows those movies?
Tom probably needs until the first or second quarter before he can reduce the shares. I think all those authorized are his insurance policy to make sure the business makes it.
Tom probably needs until the first or second quarter before he can reduce the shares. I think all those authorized are his insurance policy to make sure the business makes it.
I don't think Bill is leading anybody on either. I believe we've got a good company and some pretty solid Aerospace partners for board members. I just think that it's a shame that because this is a sub penny stock you get the flipper rollercoaster ride. I'd rather see it just stay at .0004 or so until real news breaks. I know many get burned when they read the nonsupportive hype on the tail end of a pump and jump in only to get dumped on.
Yeah, but the interview was back in August and it's been posted all over this site since then.. it'd be nice if TC gave another one right about now.
Old news...
I don't usually agree with you but when you're right, you're right. There is no reason this stock should be going up right now other than pure speculation. And I wouldn't be holding my breath for good news to come before the end of this year. I am surprised it's stayed at .0006 as long as it has. Figured the pumpers would've dumped by now.
That's great if he can stick to it. "Plans" can change if a sudden need for capital arises. Tom's pretty ambitious and if he sees a production possibility with huge potential, he might go for it with funding through some measure of dillution. Remember, that's not necessarily a bad thing if the production is a success. The shares actually end up as part of the investment as opposed to typical share dillution in the pinks where the money is not going into the company but into the owner's pockets.
I am still positive and holding my shares of INMG. Q2 2016 will be the telltale, if one can be patient.
I'm really looking forward to seeing the finished product. It was an awesome story when it was first published. Many have tried or considered producing it but have been unable due to the fx involved.
If I recall correctly, TC indicated a release date of around March 2016.
I hope for share retirement but I've got a feeling he's going to have to convert those shares as capital to finance his projects. Video/Film production is very expensive. I have a brother-in-law who's a movie producer and his biggest headache is funding sources. Using the share structure to finance TC's projects is not necessarily bad if the financed projects are moneymakers. If Innovativ the company does well, so do we.
Glub, glub, glub... What's going on at Soum. Just can't make it, I guess.
Sure wish I could figure this stock out. Seems like a decent company with contracts. But it's just sliding...
Maybe no real news is part of the problem.
Sure wish they'd post something. The only thing i see is the CFO submitted her resignation on the latest 8-K. Wonder why...
I emailed TC at the beginning of the week identifying myself as a shareholder, not for any insider news he obviously can't divulge, but just his take on the P&D that went down recently and if he feels the company is still on track.
He had said in the interview "we plan on communicating regularly...we hope to be constantly updating and providing information."
I know he's probably busy but not even a boilerplate reply came back. Nothing.
Oh well!
I emailed TC at the beginning of the week identifying myself as a shareholder, not for any insider news he obviously can't divulge, but just his take on the P&D that went down recently and if he feels the company is still on track.
He had said in the interview "we plan on communicating regularly...we hope to be constantly updating and providing information."
I know he's probably busy but not even a boilerplate reply came back. Nothing.
Oh well!
Absolutely. I'll hold for another quarter but I'm not too optimistic. 10-Q better be a lot better than this last one...
I'll ask this again. Did anyone read the 10-Q? I was super positive about INMG and posted as such until I actually read all of the Notes in the back of the Financial Statement. Now I'm concerned about the share structure potential effect on us holding our measely couple billion of the common stock.
I'll ask this again. Did anyone read the 10-Q? I was super positive about INMG and posted as such until I actually read all of the Notes in the back of the Financial Statement. Now I'm concerned about the share structure potential effect on us holding our measely couple billion of the common stock.
Except that TC said in his interview in August that he has already reduced the share structure to a reasonable level.
Current share structure:
9.96 billion common authorized.
3.38 billion common outstanding.
11,449 Series B Preferred outstanding (convertible to common shares at a 1:2,500,000 ratio.) That's equal to another 28 billion common shares!
20 million Series C Preferred convertible to common stock at $5.00 per share. Where is that $5 per share going to come from? That's $100 million dollars!
Still think reducing the A/S by 3 or 4 billion (@ .0003 = $900,000) will make a difference?
Correct. The 10-Q was, although positive, not great. It looks like there actually was debt carried forward. Not a tremendous amount but still a little disconcerting considering the $4 million (actually valued at $2.5 million amortized) in assets. Oh well, 3 more months of waiting!
Seems like a few are picking up shares for the next run up to .0005 and back down. It's going to take til this next Q-10 to see if any substantial income occurs. If it stays less than $20,000 net per quarter it will take a year to get out of the trips.
My apologies to 'twosecure'. That post was meant for 'Raymondo11'. His post just wasn't worth repeating.
What do you mean you've never posted on iHub before? You have over 3400 posts according to the iHub statistic board. Does that mean your analysis of TPAC is wrong too? Sounds like a pump to me. I've been in TPAC for a long time too. And it's not going anywhere until the sales come in. Maybe this year, maybe next. They have NOT promised it will happen this year. They are hopeful that it will. TPAC has over $20 million in debt to cover once they do start production so their market share is not going to shoot up anytime soon. It will be a stock to own, as you say, as a long term investment. Just don't plan on any getting rich soon. My guess is that what happened to IN*G will happen here. Exagerated claims and hype will pump the stock to .0008 or .0009 and then the pumpers will sell and leave, dropping the stock back to .0002 or .0003. It will not recover until solid sales news.
Still here with my 83 mil. Saw a lot of negative posts from the normally positive peeps. I sent an email to TC requesting a little more info on the recent crash and his perspective on the company situation. We'll see if he's got any good news or if he even replies. Jury's still out on this one. Lot of financial questions regarding the recent 10-Q. Still, assets are assets and Innovativ Media Group still has them. They are the backbone of INMG.
I invested in INMG because of the assets that INMG has and was developing. This hasn't changed. But if you listened to his analysis and explanation of the merger, he mentioned that it put $4 mil into the ledger-mostly from the selloff of the major part of GBGM. But if you look at the 10-Q, it only accounts for total assets of $2.8 million. And that's after issuing an additional 705 million common stock during the merger. Also, if you look at the par value Tom has listed for the 9.96 billion authorized common stock, he has it at .00000001 per share That works out to $930.
Has anyone read the 10-Q?
Am I missing something here?
How much revenue per quarter?
When rs hits and the stock goes from .0003 to .30. His shares go from 96 million to 96,000. Hopefully by then the Assets are bringing in a steady flow of cash over $100k a month so that the stock begins a slow rise into dollarland.
October 30, 2014 08:45 AM Eastern Daylight Time
SAN MARINO, Calif.--(BUSINESS WIRE)--Trans-Pacific Aerospace Company, Inc. ("TPAC") (OTCQB:TPAC) is pleased to provide an update to its affairs. Bill McKay, the CEO of TPAC reports that: "We continue to make progress with our potential joint venture partner in negotiating and agreeing upon all issues. We are excited about the prospects of a long-term and most productive relationship. Nevertheless, we continue to explore other potential partnership opportunities in order to protect our interests and the interests of our shareholders. Additionally, we have entered into discussions and are moving forward to become an approved supplier to one of the largest aerospace companies in China. This approval process, while challenging is something with which we are familiar and confident we can accomplish. Furthermore, we are in the process of developing prototype parts for another major Chinese aerospace company, which could lead to significant orders. We will work steadily on all fronts and anticipate the completion of these projects within the near future. We will continue to explore all opportunities in both China and the US. Finally, we have shipped our first orders for parts. They have been shipped ahead of schedule to customers who were very happy with both the quality of the product and the very short lead times. "The company is also making efforts to pay off its convertible debt prior to it coming due. We have successfully accomplished this goal with two of our most recent obligations and we will continue our efforts to make this a priority in the future for other convertible debt."
As long as TC doesn't do a rs to bring the share price up to .05.
I doubt that he'd do it, but have you ever seen a small company with a net income of $14,708 cause the stock to go from .0005 to .05 (100x)?
I like all of the assets from the 10-Q where all of the $2.5 million went (Unamortized Film Costs from pg. F-8) but I sure hope they produce more than $15,000 in profit each quarter. if you take the $2.75 million in stockholders' equity from pg. F-2 and divide it into the 9.9 billion authorized shares, you get a share price of .00028. To get that up to .05 you would need an increase in equity of $495 million. If TC retired half of the authorized, the company would still have to generate close to $250 million in sales to be worth .05 per share. I know that can be done with a blockbuster film. Some have brought in $500 million. But that's over the course of an entire year.
I've been long with this stock and I'm sure it's going to go up over the next couple quarters and beyond, but am I missing something here with these numbers? How in the world is it going to .05 in the short term?