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I'm confused about the meaning on InWith setting an initial share price of $50.
I've seen threads in which folks likened that to an EPGL share price of $0.10.
I get that math on the surface level, but what does it really mean?
Forget the gift equity for now.
But include the 125% conversion.
Does it mean that the venture capital folks acquire the IP for less $$ if the EPGL stock price is below $0.08?
If you have 800,000 shares prior to the conversion, the value of those shares (at today's prices) is $6,400.
Post conversion, how many shares of InWith do you have?
Is it (800,000*1.25*.008)/50 = 160 shares = $8,000?
Any thoughts as to whether or not the elastic circuit report will be released tomorrow before end of business?
Ditto InWith update.
sorry if this has been asked/answered previously.
In previous PR's there is language like: "EPGL shareholders of record on January 16, 2017 will receive equity in the new company up to a percentage equal to their EPGL holdings on that date."
There is a similar "equity percentage" concept in the InWith Equity Request Form and Agreement.
Does anyoe here know if that percentage is relative to the approx. 5,000,000,000 EPGL shares (mostly owned by Hayes & AJW/PWC) or the approx. 500,000,000 float shares?
typo: interesting/timely
Kind of an interestingly article.
“There is a continent of gaming, and VR is just a new peninsula on that continent,” Dedeine commented. “AR is an entirely new continent.”
http://www.winbeta.org/news/hololens-developer-outlines-the-potential-impact-of-augmented-reality-on-gaming
will the undisclosed amount paid by COO to EPGL have to be disclosed in the mid-Feb 2016 quarterly?
another date for the carrot danglers.
i think the reaction to the CC is another example of the divided nature of our country right now.
some people want things scripted, rehearsed, sanitized, PC, ...
others would prefer adhoc, from-the-heart, likely imperfect, without regard to PC.
a suit that comes in with a powerpoint presentation that can't really deviate from it vs. a person that knows their shit and uses the powerpoint just a reminder, as placeholders for all of the shit that they want to passionately speak about on whatever winding trail the presentation takes.
i liked hearing his passion, his frustration.
working huge hours and having to listen to the shit that is typical of cowards on xbox-live.
i am long.
i appreciate the 150k shares i was able to get in the 3's today.
i hope my remaining 300k share bid goes through.
my email to investor relations: thank you for the plain speak. in this PC, tofu-eating, oprah, dr phil world, it is refreshing to hear someone speak like regular people speak.
guess it is obvious which side of the divide i'm on.
I guess we all need to decide if the glass is half full or empty.
This read to me as more full than empty.
Some on this board I believe question what the glass is half full of. Or if the glass in fact exists. That d@mn Hayes.
preposition dangler out.
FWIW
I emailed the following to the EPGLMed investor relations address earlier:
Congratulations to us all.
Thanks for your hard work and presumably long hours.
Can you clarify or elaborate as to the meaning of the following snippet from your tweet?
Official announcement next week with CooperVision authorization.
Does it mean that you will make an announcement this week IF you receive CooperVision authorization?
Or does it mean that you are going to make an announcement this week and you already have CooperVision authorization to make the announcement?
================================================
I received the following in return (in relatively short order):
An announcement IS coming and it will be made with CooperVision's preview and authorization.
Q1 due circa 11/15?
Couple questions for ye:
1) The reason stated for the delay in reporting was to allow time for negotiations for the "management discussion" portion of the annual report. Do you believe that if there is negotiation info in the annual report, that it will be qualitative vs. quantitative?
2) The explanation for delay said negotiation info "may" be included in the annual report. Do you believe there will be negotiation info in the annual report or will they say that they could not make enough progress on the negotiations during the 15 day delay?
don't know that this will always work, but last week i placed a large (for me) buy order in a few ticks above the ask.
i think the ask was .0528 and had been there. smack dab in the middle of the channel you mention.
so i put my buy in at .0537. i wanted the shares prior to 6/3 so that slight premium wasn't going to hurt too bad.
it was hilarious watching the partial fills exhaust everything up to my bid. then it just sat there. close of business came.
next day it was back to normal. except that i had a bunch more shares.
i'm going to do it again before 6/3. for me i ask myself how much am i willing to "overpay" today vs. what those 9 100ths of a penny will hopefully be worth next week, month, year, ...
what's l2 look like?
what's L2 look like?
does this PR (and maybe previous ones) read confrontational? or simply board room negotiations?
so and so is reputable.
an amicable deal can be reached.
other companies would love to have this ip.
via an intermediary=what?
abitration or mediation?
anyone thinking/concerned that this could be an update on share retirement?
here's another (hopefully) meaningful article.
http://www.eetimes.com/document.asp?doc_id=1325955
earlier this week some of the folks on this board that frequently express their doubts about EPGL mentioned that they couldn't see PwC just retiring $10M-$50M. I was curious to understand how they came up with that range. i put together a babysh!t spreadsheet to try to better understand how they came up with that number.
I used a market cap of $300M (then current) and what i thought were accurate numbers for share ownership. not so sure my share quantities are accurate, but i don't believe they are so far off as to make the example valueless.
here's what it said to me:
________________Today___________January_________Delta
PWC_____________2,250,000,000___1,000,000,000___-1,250,000,000
Hayes____________2,250,000,000___1,000,000,000___-1,250,000,000
Remainder_________ 499,000,000____ 499,000,000___ 0
Total_____________4,999,000,000___2,499,000,000___-2,500,000,000
Market Cap______$300,000,000____$300,000,000____$0
PwC ($$)________$135,027,005____$120,048,019____-$14,978,986
Hayes ($$)_______$135,027,005____$120,048,019____-$14,978,986
Remainder ($$)____ $29,945,989____ $59,903,962____$29,957,972
Total___________$300,000,000____$300,000,000____$0
PPS_____________ $0.0600____$0.1200
i have no clue if this is correct.
the PR says: "The plan will be executed on January 30, 2015. This action involves no stock split of any kind."
"executed"
think we'll get advance word of quantity before 1/30/2015?
with today's market cap, if each party gave up 1B shares, price goes to $0.11.
i believe that may be up over the previous 3 quarters by about 2M/Q.
EMAIL To/Fro EPGLMed.
Very timely Response 3 Minutes Later
Me:
Earlier today you mentioned that there’d be more filings happening this week.
By that I assume you are referring to the Filings and Disclosures section of the OTC Markets website. Is that correct?
Assuming yes, then in the past you have used that section for announcing COO and Intel agreements as well as quarterly and annual reports/disclosures/…
Can you say if the filings that will happen this week will be in the realm of additional agreements or perhaps reporting Q1 or???
EPGLMed:
No, filings with USPTO by EPGL with our business partners.
Best Regards,
EPGL Investor Relations Team
i have no clue what is normal for Intel at Hudson, Ma., but if you go to the following site, it certainly seems like there is an uptick in job postings.
https://intel.taleo.net/careersection/10000/moresearch.ftl
i believe you may not be reading the question or answer correctly from a logic POV. i believe the EPGL IR person responded correctly to the question asked of them.
EPGL Shareholder Email Question: "Will all of the technologies that EPGL has in development with their partners require FDA clearances?
Answer: No. Not all.
and i believe you created the potentially misleading "not at all". I believe you may have created your own contradiction.
if the IR person was in court or being deposed, i believe his/her lawyer would have instructed them to stop with just the "No." it is technically correct. the rest was courtesy.
i'm psyched about the rest of the contents of your thread, and i don't know if others have commented on this, but i believe the referenced article is from september 2013 not september 2014.
dunno about the $0.88, but 2 recent tweets using nearly the same phrasing from potentially 2 different authors (Hayes and IR??) about $0.25, make me think there is something meaningful about $0.25. Like that's the official company line because it has come up somewhere. if something leaks, this is what you say.
all speculation on my part.
<snipped>, EPGL believes we are undervalued at .25.
<snipped> Management believes undervalued at .25
i am EPGL long.
so i guess that would place me at the pumper end of the spectrum, but i honestly try not to pump. i guess i could pick up some shares by fear mongering, but i try not to do that either. i had a large buy order in yesterday in the 5's that was partially filled. as a matter of fact, i think i was one of the last to get any 5's cuz right after the partial fill, it went to 6+.
full disclosure cuz of the bias in what i'm about to say.
i get that the announcement might have been underwhelming-to-disappointing to folks.
we all read/knew that there was A very large Nasdaq company in play, so all the release did was tell us THE very large Nasdaq company in play.
and back up on sec reporting.
no specifics.
got it.
But i think some of the stuff that is being written in this forum isn't completely fair or appreciative of the efforts made by the folks at EPGL.
I know first hand that getting contracts or contract amendments through entities that have large legal departments can be much slower than the lines of business would like. i get that this is an agreement so maybe it could be simpler/faster. But can you imagine the complexity and the inertia (and possibly the bureaucracy) of getting an agreement through Intel legal? How many different fronts are being pursued. Left hand not knowing right hand's efforts. How about making sure there is no conflict or overlap with the COO agreement. My experience has been that more often than not, final signatures come right down to the wire. Like working on Easter Sunday for something that needs to go live on the following Monday. or New Year's Day for official start on 1/2. Not anybody's first choice, but it happens.
And it is exhausting. I don't know the sizes of the EPGL departments, but i can imagine that they might not have had the resources to work on the agreement(s) and SEC reporting. if they were stretched that thin, then when Intel comes knocking, you'd probably attend to Intel.
Then there are complaints about being notified at 2AM. Really? Do you figure anyone wants to be at the office at 2AM? My (ever-increasing) gut says that before the agreement signature ink was dry, the investor relations folks wanted to get something out specifically for forums like this. For their shareholders that they knew were on pins and needles. And their courtesy is met with the crap that gets spewed by some on this board. Every Oprah-watching, wishy washy, politically correct HR department or communications department or therapist or whatever stresses the significant role of communicating to stakeholders. you cant get away from it in modern-day america. so EPGL lets us know at 2AM and that's a bad thing. ingrates.
not only did that sham EPGL notify us at 2AM but they did it by twitter. How dare they. Maybe to the old guard that is terribly unprofessional. Maybe the 7PM news and the daily newspaper is timely enough for them. Dunno. But it sure seems like more and more media outlets are screaming for near-real time news. And I don't believe you need to go back too far in history to see the role that social media (i just puked a little in my mouth for using that term) plays these days. i think a dictatorship or two was at least partially toppled by twitter. BTW, I am not on twitter or facebook or instagram or pinterest or snapchat or or or.
$0.02
(that's my 2 cents, not what EPGL, the non-SEC reporting sham company is going to be trading at very shortly)
timely article about gartner's forecast for IoT
http://www.thestar.com.my/Tech/Tech-News/2014/10/20/Startups-will-drive-IoT/
Now Being Discussed at a High Level. EPGL Plans to Identify the New Company for Investors by October 28, 2014.
A Press Release of Some Form Will Be Dispensed at that Time (Approx October 28th) Instead of October 21st as Previously Announced.
Does this sound like they could announce early? The words "by" and "Approx" hit me as curious. it'd be easy to use the word "on" in both cases.
note: full tweet text <snipped>
well, look how center-of-the-universe i am in my thinking.
your answers make perfect sense.
thanks.
so if we assume that on the L2's:
a MM will show up at most once on the Bid, and
a MM will show up at most once on the Ask,
then i go back my assertion that we can't say we are thin up to this or that cuz there could massive asks with a given MM that aren't shown.
thoughts?
during the past 12 months i've had both.
sometimes both simultaneously.
i'm a big "change 1 variable at a time" guy.
Couple questions for this group.
Numbered in case anyone replies, they can reply question by question.
1) I've had a large buy in for sometime. It is for a value pretty far below the bid just in case there are any crazy reactions to tweets or announcements or who knows what. Anywho, it is low, but not so low that it should not have shown up on the many L2 snapshots that have been provided here. Why does it not show up?
2) I've had a large sell in for sometime. It is for a value pretty far above the ask just in case there are any crazy reactions to tweets or announcements or who knows what. Anywho, it is high, but not so high that it should not have shown up on the many L2 snapshots that have been provided here. Why does it not show up?
3) Depending upon your thoughts to #1&2 above, I wonder if there is any credibility to L2's, especially when we say that the ask is thin to $0.10. Or whatever. Where I'm going is the following. Given this group is actively monitored, does it make any sense to hold and pool our buys. To have everyone in this group that is inclined to buy above the ask, coordinate their buys for this day, time, amount above ask. For instance, tomorrow, 1PM eastern, at $0.08. And see what happens. I don't happen to think that what we see on L2 is real (or at least reliable). Especially since there is a horrifying write up somewhere on IHub that describes just how grotesquely MM's can behave and still be within the letter of the SEC law. If that is the case, then we can't say we're thin on the L2 ask up to this or that.
i am a pre-R/S shareholder.
i also bought a bunch of shares in the past couple years when the stock was between 2-4 cents.
when i purchased, i always bought above the ask for more than was shown on the ask.
the purchases were not trivial.
they rarely had the effect one would think they would have when looking at the ask.
but if we pooled at purchase for say 2,000,000 shares at $0.08, do you believe it would have an effect?
in essence we'd become one of them thar whales we keep waiting for.
or is is just that MM's can sell so many non-existent shares, that it doesn't matter until it matters to their algorithms?
i can see it now. with my coopervision smart lens, i can blink my eyes and have my google chromecast fast forward or rewind or pause.
no wait, wait, my coopervision smart lens IS my google chromecast and i have totally immersive tv viewing.
Curious. On their website, all tweets after 5/19 were removed. does anyone recall some of the content of the post-5/19 tweets? wasn't the google-novartis stuff in there? stuff like, look who was interested in us. wait til you see who we've partnered with. google back in play?
i agree. i was more interested in this group trying to contact the analysts that cover cooper to make sure the epgl agreement gets raised. gotta believe one of them would be curious about coo-epgl vs. google/novartis/alcon.
i can't spend much time on the phone, but don't mind trying to reach out to the analysts via email. however, i have not been successful in getting email info for the analysts shown below. if any here have an approach that works, i don't mind doing leg work.
from the cooper website:
STOCK INFORMATION
ANALYST COVERAGE
Firm Analyst
BMO Capital Markets-US Joanne Wuensch
Cleveland Research Company Steve Willoughby
Jefferies & Company, Inc. Raj Denhoy
JP Morgan Christpher Pasquale
KeyBanc Capital Markets Matthew Mishan
Morningstar David Krempa
Northcoast Research David Keiser
Raymond James Lawrence Keusch
Robert W. Baird Jeff Johnson
Stephens Chris Cooley
Stifel Jonathan D. Block
Wells Fargo Larry Biegelsen
William Blair Matthew O'Brien
i emailed ir @ epgl today. thread shown below. i don't care if any readers choose to believe its authenticity or not. for those that do, maybe we should be trying a suggestion(s) contained in the thread.
1) my outgoing
Hello,
I am a long-term shareholder with <snipped> shares.
Are there any announcements that you, COO, your other suitors, …, can make that can help with the PPS beating that we’re taking?
If not announcements, then some other approach?
Can you try to ensure that you are a prominent feature in the upcoming COO public/analyst events?
Thanks,
<snipped>
2) epgl reply
Let Wall Street know. That's the best way. We made the disclosure, which is factual. Now we need to focus on the work.
Best Regards,
EPGL Investor Relations Team
3) my followup
Thanks for the quick response.
Do you have any specific suggestions that I can act on to let wall street know?
Thanks again.
4) epgl reply
The disclosure link can be sent to writers and analysts. We as the company cannot, but you can.
Best Regards,
EPGL Investor Relations Team
end of thread
No clue. Viking seems sure it is not gonna happen, so, this is likely a moot point.
could they be taking EPGL private? Hayes+PWC+Partner purchase relatively small number of shares in float?