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I based my opinion on facts, patents, Coopervision, JNJ, WSGR are facts.
We should see more facts this year too.
your statement has absolutely no sense.
1) we are not in a movie show.
2) JNJ, a 300 billions company, would not waste his time with a company without value.
3) Epgl has finished their relationship with coopervision till the planned end by their R&D agreement.Epgl won 100% ownership of the joint patents.
4) you confirm that epgl patents have value because JNJ has accepted to sign agreements with them. What you say would not have worked if epgl patents had no value.
Only experts opinions have a value, Coopervision, AT&T, JNJ, WSGR know epgl technology and have had R&D partnership(s), agreements and involvement.
"our shares will be in street names"
DEFINITION of 'In Street Name'
Securities held in street name are held electronically in the name of a broker or other nominee, instead of the name of the true beneficial owner.
BREAKING DOWN 'In Street Name'
Today, virtually all securities are held electronically in street name, on behalf of the customer. Not having to register securities in the customer’s name, and match up each stock certificate to each customer, has made electronic trading possible – and given small investors access to derivatives such as warrants and contracts for difference and enabled them to buy shares on margin.
Holding securities in street name does not diminish the beneficial owner's rights. It has facilitated speedy trading and trade settlement and reduced the risk of loss and theft that the physical transfer of stock certificates would entail. By lowering transaction costs, the street name convention has helped to lower commissions and boosted investment returns.
Although holding securities in street name is the norm, some investors still prefer to hold physical certificates in their name. Because it is more expensive to transfer ownership this way, brokers will charge a higher rate for the inconvenience.
Read more: In Street Name https://www.investopedia.com/terms/s/streetname.asp#ixzz5ENwm0i00
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https://www.investopedia.com/terms/s/streetname.asp
Thanks for sharing this good update Judy, some of us knew it would take time and would be finally done. Go.
In fact it is the better moment ( from Jan 2018 till now) to buy for a long time. good for you.
Only your supposition. it has been said constantly the same thing since 2012.
YEP "INCREASE IN EQUITY"
05:56 - 26 avr. 2018 "but it is coming and you will see an increase in equity."
but it is coming and you will see an increase in equity.
Soon, $EPGL stockholders will receive the new $InWith shares!
$InWith is positioned to be one of the leaders of tech's hottest new field; Augmented Vision. Soon, $EPGL stockholders will receive the new $InWith shares! It has taken more time because of the switch to a new stock TA, but it is coming and you will see an increase in equity.
05:56 - 26 avr. 2018
Interesting update of the Inwith website.
the trades made by wdco are not a lot.
and 100 000 shares at 0.007, it is only 700.
How much wdco has traded today ?
How much they traded in the 3 last month ?
Not a lot.
please give a proof.only supposition.
$InWith is positioned to be one of the leaders of tech's hottest new field; Augmented Vision. Soon, $EPGL stockholders will receive the new $InWith shares! It has taken more time because of the switch to a new stock TA, but it is coming and you will see an increase in equity.
The term "equity" is more difficult to understand in my first language because it means a lot of things very different.
So, like you said, if equity = value it will be interesting to see why there is an increase in equity, a big news to come soon (prototype is now ready, other partners,...) ? more patents ?
Without forgetting
- maybe the name of the big partner.
- update about the raise capital
- update about the prototype.
- update about the patents.
- new website.
normally only good things to come.
I guess it is the increase in equity already planned but if they want to increase a little more, no problem, I take it and say thanks.
ah, ok, I asked to you just a little opinion but now it is clear thanks to the morning tweet, you dont want talk to me, no problem.
The most important is that Inwith is in the good path.
$InWith is positioned to be one of the leaders of tech's hottest new field; Augmented Vision. Soon, $EPGL stockholders will receive the new $InWith shares! It has taken more time because of the switch to a new stock TA, but it is coming and you will see an increase in equity.
Tweet
$InWith is positioned to be one of the leaders of tech's hottest new field; Augmented Vision. Soon, $EPGL stockholders will receive the new $InWith shares! It has taken more time because of the switch to a new stock TA, but it is coming and you will see an increase in equity. tweet
Go Inwith
Inwith "The change of Stock Transfer Agent had to get finished first as we announced. Now the stock conversion is m being processed shortly. Watch Twitter."
Strange, curious, because Inwith is "in late" some shareholders think inwith is not legit and conversion process will not happen.
Why did they keep their shares ?
Process will happen, I am almost sure there is an explanation for this late.
judy, Thoughts about the silence ?
end of trading first and conversion follows, we will have our Inwith shares.
I am not surprised it takes time.
Lol look at thr code source of the page by clicking on the right side of your mouse.
"Within a few years, McEvoy expects J&J to offer contact lenses in which contain medication."
Thanks for sharing
I still think that JJ is in the race with EPGL, I think they are still together, I would not be surprised if JJ was the partner with which they build a prototype.It would be logic.
the partnership for the prototype began in october 2017, I would not be surprised if they have almost finished the prototype.
Anyway, it should be good.
Go Inwith, Go.
Conversion depends on the end of epgl trading.
The end of epgl trading depends on the new Transfer agent and Finra.
Yep an update would be appreciated.
Holding company will be owned by the founders and maybe big partners, but they wont be able to take off the stake of the retail shareholders of the operating company, Inwithcorp.imo.
and why would they make a thing like this against us ? they could do it before, they never did it, so no worry.
A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.
In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed.[1] That is, if Company A owns 80% or more of the stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is essentially transferring cash from one company to the other. Any other shareholders of Company B will pay the usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders.
https://en.wikipedia.org/wiki/Holding_company
Do I Need a Holding Company?
Regan Exner | 12/12/2012
??I speak more about this in The Globe and Mail article 'U.S. expats in Canada face new Obamacare health care tax'
This is a question clients who already own (or may be looking to buy) one or more operating companies, often ask their MNP tax professional. Unfortunately, like most things in life, there is no clear answer and it really depends on the client’s unique situation and, often, personal preference.
The benefits of using a holding company in conjunction with an operating company can be numerous and span everything from tax savings, to added creditor protection, to making a business more saleable. On the flip side, the disadvantages of having a holding company are for the most part limited to the added legal/accounting costs and complexity associated with incorporating and maintaining one.
In deciding on whether or not to incorporate a holding company into an existing corporate structure it basically comes down to whether or not the various benefits they offer (taking into account the client’s needs/objectives) outweigh the added costs and complexity of having them. A thorough understanding of the potential benefits is key to making this decision as there will be many instances where a holding company may be quite beneficial and many instances where they may offer minimal benefit.
Tax Deferral and Income Splitting Opportunities
One of the most significant advantages of a holding company is the potential tax savings they may ?offer in the form of tax deferral and income splitting opportunities where this can’t be accomplished within the operating company itself (i.e. where there may be multiple arm’s length shareholders of the operating company, for example).
To illustrate, profits from an active business earned inside an operating company are subject to a low corporate tax rate. These after corporate tax earnings can then be distributed to the shareholders in the form of dividends. If the dividends are received by an individual shareholder they are subject immediately to personal income taxes, albeit at a preferential rate (i.e. reduced by the corporate income tax already paid).
If, instead, the dividends are received by a holding company, and assuming certain tests are met (i.e. the holding company owns more than 10% of the voting and value shares of the operating company), the dividends will flow tax-free between the operating company and the holding company allowing the entire amount of the dividend to be reinvested on a pre-personal tax basis. In most cases, this will result in an additional 20% to 30% of capital available for reinvestment within the holding company, with the personal tax liability deferred until the funds are actually needed for personal use - possibly as far off as during retirement. The timing of the withdrawal of the funds from the holding company, again in the form of dividends, can be controlled by the individual shareholder and taken out years into the future on a gradual basis to benefit from both the tax deferral and potential tax savings if they (or other family member/shareholders) are in a lower tax bracket at that time.
More good news is that holding companies can invest in anything that an individual can, so you are not limited in your investment strategy. They can own real estate, securities, private investments, life insurance policies, etc. In addition, in most cases the annual investment income earned inside the holding company will be subject to a similar tax rate as you would pay personally so there is no significant disincentive to earning investment income inside a corporation.
As illustrated above, holding companies are quite beneficial where you have a number of shareholders owning one or more operating companies. Having operating company shares owned through holding companies allows each individual shareholder to decide whether they want to flow the dividends paid out of the operating company through the holding company and out to themselves (and possibly other family member/shareholders for income splitting purposes) or alternatively, whether they want to leave some or all of the operating company dividends in the holding company to be reinvested without immediately triggering the personal tax liability.
Holding companies in this case offer the flexibility for each of the individual shareholders of the operating company to independently decide on their draw down/reinvestment strategy. They also allow other family members to share in the operating company profits, perhaps by holding non-voting shares of the holding company. This way, there is no impact on the operation or control of the operating company, or any of its other shareholders.
Creditor Protection
Even in the case where the operating company shares may be owned by one shareholder or family unit, it may still be advisable to use a holding company, as opposed to the operating company, to accumulate and reinvest the excess earnings. One of the significant advantages in this case is creditor protection. By having the excess earnings from the operating company paid up as a tax-free inter-corporate dividend and reinvested in the holding company, these assets are out of the reach of potential creditors and liability claims arising within the operating company.
Purification and the $750,000 Lifetime Capital Gains Exemption
Having the excess cash and investments in the holding company as opposed to the operating company, will also keep the operating company “purified” such that at least 90% of its assets are used in an active business and its shares may therefore qualify for the $750,000 lifetime capital gains exemption. Since the capital gains exemption is only available to individuals and not holding companies, proper structuring of the shareholdings of the operating company is essential to allow for this ongoing purification on a tax-deferred basis using the holding company, while still providing the individual shareholders potential access to the capital gains exemption on a sale of the operating company shares. In many cases, family trusts may be utilized in the corporate structure to facilitate this.
Making the Business More Saleable
Keeping excess cash and investments out of the operating company is beneficial on a number of fronts as mentioned above, and in many cases it may also be advantageous to hold the real estate used in the business in a separate holding company. Aside from the creditor protection this provides from the operating company’s activities, it may also make the shares of the operating company more saleable where the potential purchasers are only interested in acquiring the true business assets and are fine with leasing the premises. This limits the capital required to purchase the business, which is often significant when selling to key employees or family members who may have limited borrowing capacity. Oftentimes, the buyers will secure the operating company shares and lease the premises with an option to purchase after say, five years, once they are in a better financial position. If the buyer does want the operating company and the real estate initially, that is easy to facilitate and often takes the form of a share purchase of the operating company and an asset purchase of the real estate.
It should be noted that moving excess cash, investments and real estate out of an operating company just prior to the sale of its shares can be done, however when done in contemplation of the sale of the shares of the operating company complicated tax rules will likely result in some or all of this “purification” occurring on a taxable basis.
Acquisition and Divestiture Planning
Holding companies also play a key role in business acquisitions and divestitures. They are often used as a vehicle to acquire shares of an operating company, followed by an amalgamation with that target company in order to allow the interest expense on the purchase loan to be offset against the operating profits going forward. On the purchase of a portion of the shares of an operating company (i.e. key employee buy-in) holding companies are also beneficial as they allow the employee to pay off the original share purchase loan with operating company profits/dividends that have not been subject to personal income tax. Structuring of this type of partial buy-in is delicate, to ensure that the interest expense is offset against taxable income as opposed to tax-free inter-corporate dividends, which could nullify the immediate tax benefit.
At the other end of the spectrum, holding companies are often used to defer income taxes on the sale of the shares of an operating company by taking advantage of the previously taxed corporate surplus and/or stripping out the redundant assets prior to the sale. This may be in lieu of, or in addition to, taking advantage of the $750,000 lifetime capital gains exemption.
Closing Comments
As you can see, considering the use of a holding company is a complicated area that offers significant potential benefits and few drawbacks, but requires careful planning to be positioned and used effectively. To see if they may be beneficial in your situation, talk to your local MNP tax professional
http://www.mnp.ca/en/posts/do-i-need-a-holding-company
NO I am aware of the elastic circuit patent, aware of the R&D with Coopervision, aware of JNJ agreements, aware of WSGR involvement, aware of a partnership since october 2017 to make a prototype,.....
furthermore if you think that they will make the same thing than zuckerberg it means you think Epgl-Inwith could have a big business thanks to his technology. Great.
Zuckerberg is not epgl-Inwith, it has nothing to do here.
Why create a holding company ?
A holding company is usually set up for one or several of the following reasons:
1) Ensuring unity and control as well as organisation of an international group of companies
A holding company can ensure the unity and control of subsidiaries established in different countries.
It allows group consolidation and management of turnover in order to benefit from the dividends of successful subsidiaries to develop or support subsidiaries in need.
Within this framework, a holding company can set up a pooling system for the capital of different subsidiaries.
A holding company can also be created by the founder of a group in order for the holding company to maintain the majority of voting shares allowing the company’s continuity in the face of certain heirs eager to benefit from the death of the founder. In this sense, it acts as a stabilising power and the guarantor of security for a family group that faces a transfer of ownership due to death of founder.
A holding company can also help maintain the control over group in the founder’s hands during development operations.
2) Creating a financial leverage to promote and enhance the transfer of businesses
Funding of a new company or a company going through a restructuring process may be difficult.
Setting up a holding company that seeks a global credit line allows it to finance, according to the needs of its subsidiaries, those most in need, who wouldn’t otherwise easily secure a credit, especially at this time.
On the other hand, a businessman may decide to offer limited ownership of securities of one or more of its subsidiaries to their children, provided they bring this asset to the holding company. During the lifetime of the businessman, he has, through the right of ownership that he has retained, the voting right and therefore the power. After his death, the right of ownership disappears in favour of the holding company whose shareholders are the person’s children.
From that day, the children, via the holding company, own all the rights linked to the shares held by the holding company. Fiscally, depending on the country of residence of the persons concerned, this is often an excellent tax optimisation opportunity.
3) Balancing the internal or external growth policies or the distribution
The expectations of shareholders can differ greatly. Some expect the dividends, others, on the contrary, want to invest the received revenues into new developments or the improvements of funds.
To satisfy the latter aspiration, those shareholders seeking to invest, set up a holding company.
In this case, the original company sets up a distribution policy that meets the expectations of shareholders waiting for dividends, while the dividends paid to the other group are transferred to their holding company. As this holding company begins to operate, they can invest in the original company through the increase of capital that will strengthen their power in the original company.
Similarly, in view of an initial public offering (IPO), new shareholders are often eager to receive the dividends in addition to looking for capital gain. In this case also, the original shareholders, anxious not to interfere with the company’s financial performance, can create a holding company in order to collect the dividends that will be reinvested in the subsidiary.
The creation of a holding company is, as we see, the way to reconcile different expectations in terms of distribution and financial performance of a company.
4) Optimising tax
Enterprises, as well as individuals, find holding companies useful because of the tax advantages they can receive, not only linked to the activities of pure holding companies but also linked to the activities of mixed holding companies.
Certain holding companies offer very low or none at all on trading operations performed outside their territory. These companies are used for trading operations or triangulation. Many groups and individuals use them and they are sometimes used by the same states that are their biggest critics.
John Maynard Keynes said: “The avoidance of taxes is the only intellectual pursuit that carries any reward”. With such a backer, we wouldn’t dare criticise those who seek to reduce their taxes by legal means.
The question is different when the mechanism used aims to hide the taxable income from tax authorities in one’s country of residence. Ever since anti-money laundering legislation’s been introduced, first applied to the field of drug trafficking and later extended to almost all other crimes, the crime of money laundering, that invariably accompanies tax evasion, makes this activity ever more dangerous.
The exchange of information between tax authorities which tends to increase, driven by the urgent needs of states to recover a maximum tax does not facilitate this type of behaviour.
Fortunately, there are still, with the help of sober-minded legal and tax advisors, many legal ways to optimise one’s taxati
http://www.holdingcompany.com/definitions/holding-company-why-creation.html
Do you prefer they remain in pink market with no chance to attract the big money ? Going private will allow them different partnerships they cant have with pink market who is too unstable for the pps. It is better to be really free during 2-3 years, gain revenues, gain partnership then a buyout or an IPO. imo.
Frankly It is not a surprise they do it.
There will be an explanation. I think that they planned to do an IPO with Inwithcorp not with the holding. Create a holding is for taxes but too for the control of the business, the founders would be shareholders of the holding and indirectly of the affiliated Corp, hope longs retail shareholders of the corp will be satisfied, they should be , normally, thanks to the IPO ( or a buyout).
This holding is too a good sign because they plan to have some revenues, the revenues generated by inwithcorp will be directed to the holding with better taxes, logically.
End of trading and conversion will happen soon.
WSGR and new Transfer Agent are most certainly ensuring that this happens.
Once done, the website should be open with new informations, tool to buy-sell.