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This happened two years ago, nice run for no reason, then right back to where it was.
There are those that want the share increase vote to get approved so that the NIR conversions can start again.
Wei Li will keep the company afloat making shareholders pay the debt, so that he can then milk more from shareholders to repay himself the money he claims he lent the company to the tune of %3 mil.+
IMO
Many do realize most companies events/claims down here are not verifiable by SEC filings, 3rd party contacts, B2B connections, etc.
It's about the risk I know I take.
Thank you.
GLTYAW
I took a look at the old EPGL website (eparent dot com) and noticed it has been updated and revamped. It no longer shows the company structure etc. of the old EPGL before the RS/RM.
It has nothing to do with the current company.
Newbie DD shouldn't lead them there to cause further confusion.
The strange part about that was it was at the bid, but the bid #'s and MM's there never changed. Did a MM jump in and steal the shares from a posted bid?
Just a suggestion for those company eyes.
It would make sense to put some effort into getting the financial sites on the web to update the company information. New eyes coming across EPGL are more likely to get turned off by the confusion of some sites having old info. vs. new.
Don't know if these things update off of SEC filings or what, but the OTC tier change didn't make much of a blip on the charts whatsoever.
just sayin'.
IMO, all said and done, the money will flow to the NIR/AJW liquidation, others close to the parties that know the game (promoter/shorter/insider), and scraps to those in the public that seek to take advantage of same.
IMO, Wei Li will not pay the NIR debt personally or with company revenue. That's why it has gone dead and there's a vote to increase the AS every year. This is the note terms. They state he must keep enough AS to cover the debt and convert. If not NIR owns the property. Good luck collecting that, so now it will raise AS and convert to NIR. It's the only solution to get $ back from Kiwa. The other routes are too costly with no guarantee.
Wei Li wants to keep the company and get the NIR crap behind him so he can work on recovering the "millions" he's supposedly fronted the company to keep the lights on. Read the filings.
Don't get me wrong, I've been a cheerleader here for 4 years hoping. The recent selling over the summer was probably enough to turn the vote this month. I'm sure Mr. Li originally had good intentions, but NIR got involved somehow and milked them dry like many others.
If this was truly the case, why let it run until now?
PwC AJW liquidation needs to be completed.
Well, I can sort of understand why until now ... the convertible bonds didn't become due until this year.
All about the money owed and opportunity.
What tax benefits (in China) does he receive by running a current filing company in the US?
Tax benefits on Kiwa property and building.
Even if there are enough votes to increase the A/S why would Li do it now?
Pay off NIR debt.
Everything else has been done by the books, why would they issue shares under the table at this point?
KWBT had 20mil restricted shares last time I checked. Don't know if there's a conversion ratio to common.
I highly doubt that NIR Group while being wound up, would risk naked shorting a stock.
So would I, but do the ones supposedly watching care?
Could you imagine if they did under the belief that they would get their cheap shares?
NIR gets their shares at a deep discount, based on 20 day avg. share price.
Imagine that, NIR Group causing the biggest short squeeze in the history of pink sheets.
Or someone that knows the game...
IMO,
W
I think the liquidators and Mr. Li know they have the votes to increase the AS from 400m to 800m. The vote last year was very close to reject it.
Kiwa owes what, $1.2m+ on convertible notes to NIR?
Apparenly Mr. Li did not desire to pay anything of his own to settle as other companies have in this NIR/AJW liquidation. He's letting the market pay it off. Hence, the shady action you have now.
IMO, they've kept filings current for tax benefits in China.
Where is he getting the fertilizer for the produce sold under the pvt. co. label that seems to be growing, while KWBT claims no sales? Buying from competitors? LOL
IMO, ya know.
Under the eyes of PwC, Ribotsky is supposedly in managing the liquidation of a group of the companies in the PwC/AJW liquidation.
Read it somewhere...
here. http://ajw-group-liquidation.com/committee.html
I think the wall has been there to discourage the occasional buying at this point, in order to allow the bid side (sentiment) to grow, overwhelm the wall and create a higher more agressive run, yielding a larger return. MM's want the volume, not the long term gain. It needs to be timed with the company's release of important info. though and that's why we're stagnant (lack of bid).
Unless there's enough $ put down by a few new eyes to move the wall, it will stay here or near.
Friday opinion FWIW.
Ya, I had that thought too. They've got the advantage of L3 and a lot more insight.
EPGL
Nice wall, 3.49m @.006 ask ($20,940.00).
Cowboys don't want the cattle to cross the river just yet. Herds not all there yet to start the run.
IMO
FYI,Found something that leads me to believe the med. board members/advisors are equity holders in EPGL. Not just PwC and NIR remnants.
W
It would be nice to confirm that, 3rd party.
IMO
EPGL
This is NIR debt conversion pump and dump. KWBT owes 1.5M for 4 years and waited to get AS increased to 800m so conversions can start with NIR.
That's all this is.
Hope so, last POS I was in is up 2000% today on heavy volume, I could jump off the bridge right now.
EPGL
I see KWBT must have gotten their AS increase. Looks like NIR conversions have started and there's a huge pump going on.
Been here long time. Looks like shareholders approved AS increase to satisfy NIR convertible debt terms. Kiwa did nothing the past 3 years to attempt to pay on their own. All money here going to NIR/AJW liquidatiuon.
IMO
#6 BOB & 400k volume, grrrrrrrrrrr.............
About another 15 minutes. Stick your head outside in the cool fresh (hope) air!
Power Hour? LOL
EPGL
#42 BOB
EPGL
Incorrect wording?
Need Edgar update.
IMO
EPGL
4,500,838.833 Restricted Shares
They boldfaced it, like that. They need to move the decimal point 3 places to the right though! (4,500,838,833)
EPGL
Break out Board. Click the hot button above.
EPGL
Haven't made BOB today yet, figured we'd be on there by now.
EPGL
I think he may be credited with the patents listed, but the company's he worked for at the time owns them.
I would guess there are several items that may be patentable and that's what the R&D new developements are about.
Might be wrong....
Would really like to see something in Edgar to give some cred. to the PR's.
EPGL
Yupper, here's an example of the Attorney's letter.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=95456
Any filing to Edgar in regards to this will bring volume to a level we have not seen since pre RS/RM.
http://www.sec.gov/cgi-bin/browse-edgar?company=ep&CIK=&type=&owner=include&count=40&action=getcurrent
IMO
EPGL
Thanks for the knowledge. I think the SEC filings and OTC filings kind of go hand in hand if they want to get to QX.
EPGL
It would be late already, but I don't believe that matters. The "housekeeping" they spoke of is in regards to all the required filings, since the old co. stopped. Don't know the particulars in resolving that.
If that's what the PR will be about (missed filings and latest 10Q), I would be very pleased.
IMO
EPGL not on current list of major delinquent tax payers and they are registered in Delaware.
I believe a mod. at one point claimed there were thousands owed. If true, it seems to have been handled.
I do not believe a tax delinquency issue would have anything to do with being current to OTC anyway. Seems like another matter.
IMO
http://revenue.delaware.gov/ddt/business.htm
Don't know the particulars, but filing a 10Q for Q3 would be a start.
IMO
EPGL
When they fulfill the req. as stated in the def. below.
From the OTC website.
"OTCQB is the venture marketplace for companies that are current in their reporting with a U.S. regulator. There are no financial or qualitative standards to be in this tier."
OTC trading tier/# of companies/$ volume
Pretty much explains the stagnation here, IMO.
Market shy of the higher risk, in general.
Currently OTCPLI,
Need OTCPCI next to break out.
IMO
OTCQX 400 $26,963,633
OTCQB 3,354 $38,660,600
OTC Pink Current Info 2,446 $100,720,850
OTC Pink Limited Info 669 $2,443,607
OTC Pink No Info 3,116 $2,637,633
"Colatility"- Happens when you drink coca-cola from a can and it causes that bubble in your throat that hurts like cRaZy!
Fat finger "C" really a "V"? I had to look that one up! LOL
EPGL
Close @ 1:00pm EST?