Exactly. PWC and all the big players won't agree to a buyout without knowing the price. Just my 2 cents.

You will know by waiting for a PR or at the very least waiting for the Proxy, which is days away. Place your bets!

My guess is we will see the buyout price on the Proxy, otherwise there's no way they can get the votes to approve it. Patience is a virtue.

I am secretly hoping that we get a little more clarification on the cash buyout option, which once again is something they said WILL happen (not "might" happen as some are trying to say). In particular, I want to see what price and value this is going to be converted or cashed out at, as I'm sure everyone else does. We do have a hint at what to expect from the latest CC as well as last year's PR (more on that to follow).

Keep in mind all this ruckus lately is based on tweets, nothing formal has been announced yet. I am confident all the details we are pondering will be in the proxy; there's no way the Execs and VC's would agree to a buyout if its going to be a decrease in value buyout or a loosely worded proxy that doesn't have a set value. Hayes isn't out there working a second job lol, he needs the EPGL story to end well just like we do as his net worth is tied up in EPGL shares.

At the very least, right now all we do know is that we will get 125% conversion ratio EPGL -> InWith Corp and there is a guaranteed cash buyout liquidity event (assuming proxy vote passes). So in other words, we're pretty much guaranteed a 25% profit right off the bat from the buyout price once it goes into effect. From there, people who want to cash out can do so and my worst-case scenario I am pricing in is a cash out of 25% higher than the closing price of EPGL once the buyout effective date is reached (due to that conversion ratio mentioned in that tweet). That, once again, is the worst-case scenario... I really doubt they're going to agree to a buyout at the current PPS.

Anyways, to answer your question, what I am HOPING for in the Proxy Statement is something along the lines of what was discussed when the buyout news first surfaced:

That PR was obviously from a year ago, but who knows- we could get a similar formal announcement any day now since the Proxy Date is FINALLY established. Most likely we will have to wait to see the Proxy Statement though, as I imagine they can't announce a buyout price in advance due to the fact that would hurt InWith if everyone loads up on the stock and cashes out knowing they are guaranteed a massive profit. Should we get an offer anywhere near 9.8 cents per share I will be cashing out because I am a more conservative investor. If we get a buyout offer that's closer to my worst-case scenario of 25% + closing price of EPGL on effective date, barring a major pop in the coming days, I will happily take the 125% InWith Corp conversion because these patents are just so valuable to ignore.

Hope this helps, GLTA

That's really insightful, thanks for sharing! Who would have thought you can't publicly sell shares of a private stock? Shocker!

This is a BUYOUT, unless you choose to convert to equity, then and only then will you be a private company shareholder. I'm expecting a much higher price for those who cash out on this BUYOUT play.

That IS what it says!

There is no "may buy them from you" wording like you incorrectly stated and as someone who has invested in multiple private companies I can also reassure you that you are dead wrong when you say "This is true of All private companies." Often times with private companies there is little to no guarantee of a liquidity event at all, so this is a rare opportunity IMO.

At the end of the day its a classic buyout play, no matter how you want to nit-pick it. We'll have to wait and see the details in the Proxy, but piecing together what we know with what was said on the last CC, I love the risk/reward (especially at this PPS). At the very least I expect to see a nice pop going into/through the January 10th shareholder of record date. Panic sellers feel free to keep it up, I'll be waiting on the bid in the days ahead. The Tech world is rapidly evolving and us longs know the value in these patents.

GLTA

I'm not bolting.... does a hedge fund co-founder qualify as an experienced objective investor?

That is incorrect. Reread the announcement:

We'll be able to keep our shares or cash them out. I'm optimistic we will have a very fair offer if we choose to cash out. Still on the fence about which route I will take regarding buyout vs. keep equity, but nonetheless this is a HUGE development and a rare opportunity to take part in a buyout. GLTA!

Buying this dip. Good support here on 5-year chart, RSI <30 and catalyst ahead. Greed will replace fear soon IMO, not that many days left before you must be a shareholder of record for the buyout. GLTA!

Yup it'll take some time for the news to spread but luckily I had tweet notifications turned on for EPGL and was able to snag a couple hundred thousand additional shares

It was exactly what CEO hinted at on most recent conference call, another promise that'll be delivered.

Huge news out via Twitter!!! Buyout looks very likely, will apply to all shareholders of record on January 10th. Load the boat, doesn't take a rocket scientist to tell you what's going to happen with PPS between now and then.

GLTA

10-Q out!

Any idea what the new tweet is referencing? Art? I'm confused...

I'm not your pal, BUDDY! (South Park reference)

Would you rather have a CEO who does not care about the stock price and IR, or one who does? Thank you once again for the thoughtful, thorough insight.

Just added some shares here

Yea I thought I screwed that up... figured it wouldn't be that easy. I am still not worried at all about the float, feels like kicking a dead horse bringing this up, but if there was serious dilution then we would not be holding 2,000% gains for 5 years with the liquidity EPGL has.

What I'm most curious about- does anyone know what "Shares held at DTC" refers to/implies?

Because it is a penny stock and they don't have to update that nor does that TA really care about what a couple dozen people on a forum think would be the simplest answer lol. This is not uncommon by any means... I looked at 2 other company's profiles on OTC Markets and the first 2 I pulled up were pretty similar with how they update:

TURV Example 1
TRTC Example 2

Also can't we just calculate the float ourselves or am I missing something? I believe float simply = outstanding shares - any restricted or locked up shares.

That is a shocking revelation, thanks for sharing (sarcasm meter 100%). The sky could literally be falling!

Great find! Thank you for sharing

Any ideas what this PR is gonna be about? Excited!!!

LOL. Hedgies aren't as bad as you think...

Hedge funds don't invest in penny stocks, next question please.

I believe there is a lot of value in their water rights/deals, but I do agree that all I care about is the greenhouse revenue and growth. With that said, I think the answer to your question was answered on post # 621.

Chart looks great... healthy consolidation after tagging RSI 70 right on the dot, battle for the 200 MA support/resistance is ongoing with another strong support at 50 MA right below there (got my limit buys orders loaded there) and lots of time for another leg up into/through the upcoming PR.

Also just to chime in on the latest debate- in my humble opinion I think EPGL's CEO has far superior shareholder concern vs the VAST majority of other OTC CEO's. Management has always been very transparent, they obviously do care a lot about the share price, which is something at least half of the other OTC CEO's could care less about. A lot of companies only care about how much they can dilute whether it be at $1, $0.10 $.01 or $.001, and as the 5 year chart shows, there is no evidence of dilution here. 1,000% gains have held for years, which is rare.

GLTA

Great pop the past 2 days on strong volume and bid support. Plenty of time for this to keep churning into the upcoming announcement IMO.

Exciting stuff... the bounce today is encouraging and I wouldn't be surprised to see us go on a nice technical leg up leading into the announcement.

Yea when they announced the plan to double the authorized shares I had a feeling we would be in for a couple of ugly surprises like this. With the cash flow from the green houses finally starting to trickle in they should hopefully be able to find a way to avoid dilution but who knows... near term it sounds like a lot of shares will be hitting the float.

Snagged me some .019's yesterday, solid support around these levels.

Vote to double AS is scheduled for tomorrow right?

Not a bad idea, thank you for sharing!

Yup its on a tear. I take it this move is due to 10-Q, if so, a little surprised it has done so well... wasn't exactly shocking news their revenue and EPS are up massively YoY and QoQ since we already knew from PR's how much rent they're collecting + sale of assets. Still going through the 10-Q though, so far looks great. Makes me wonder why they need to double AS on September 7th

Awful news yesterday... AS doubling

I just bet the ranch on Chipotle... chart is deep in RSI, QUESO is gonna be a game changer, and we're at a good support. Also my favorite hedge fund manager, Bill Ackman, owns 10% of Chipotle so its always good to be on the same side of the trade as him.

Agreed, very exciting times... still flying under the radar for the time being but that'll eventually change I suspect.

Big old buy just came through on L2

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Thank you! I've been missing out lol... that's incredible news you shared, thanks again. 20% is very impressive (not that I would know )

Still not seeing it... was it an email update?

Not seeing it anywhere, got a link?