Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You bet! It's not a matter of if...just a matter of when.
"Market cap updated on Friday"
Why would EPSC bother to update their market cap unless they had plans for this shell?
Nice to see your post powerbattles! Yes, agree....not a matter of if EPSC is going to move higher just a matter of when.
Okay...long term hold.
Well it was a horrible close today. It closed below the 50 day EMA and that is the line of truth for me. Someone or group with the means pumped this stock...got us all in and now some of us are holding the bag. Congrats not so positive people...looks like you were right.
But what has not changed is this is a low float clean shell and it is controlled by a very profitable private company that will likely use this shell to go public. This may be a long hold but I am willing to wait it out as the return on this will be big someday.
Well I'm right here...
We are all just waiting on merger news. It's gonna come...the question is when? When the news does come it will probably be announced before the market opens or after the market closes and will gap up dramatically on the following open. That's why most of us longs are not waiting for the merger to be "confirmed". We own it now but knowing we may be in for a wait.
EPSC is controlled by the same people who own Riggs Company, a multi-million dollar in revenue successful cement contracting company, that is looking to expand. EPSC is a clean low float shell. A RM between EPSC and Riggs would seem to be a logical progression but time will tell.
Me, I want in now and not after the merger has been announced.
The fact remains...
Tell me if something has changed here but the fact remains that we have a clean low float shell that just so happens to be owned by a successful multi million dollar in revenue private cement contracting company in a booming economy. Oh yea, and that company is looking to expand. Have those facts changed since the price has come back down?
If not the only thing this is, is an opportunity to buy more and buy I did.
Umm...no, the float is not increasing daily. Yes, there is some outdated info and guesstimate is the float might be closer to 28 million. But the float is the float and just because we do not know exactly what it is does not mean it is increasing daily.
What is increasing daily is the not so positive people coming to this board making baseless comments and that is a good sign for EPSC longs...
Hi maronti1
https://www.facebook.com/epicstores/
Nope, this facebook/page and website is not part of EPSC. EPSC had thrift stores and are all shut down now. EPSC is just a shell. The old EPSC website when they were open was: epicthriftstores.com .
APRIL 2016
https://www.otcmarkets.com/stock/EPSC/news/Vista-Partners-Updates-Coverage-on-Epic-Stores-Corp-Ticker-EPSC-225-Price-Target?id=130190
Yep, just an old stock review of EPSC 3 months before management abruptly shut down all the thrift stores. Scary as the article paints such a positive outlook. One just has to look at the chart though in April, 2016 and you could see the stock was in for trouble at the time.
Today's volume now greater than yesterday's volume!!!
Volume is key and we have not even hit power hour yet...go go go!!!
Looking good going into power hour...
What I am going to be fixed in on today is can we surpass yesterday's volume? Haven't done so yet but we have more than an hour to trade and the last hour of the day can really bring out the bulls in EPSC as it has done last week during some of the big up days...
Now somebody just bought a hunk of EPSC...
Good sign that we have broken the pattern of the last 4 days of lower highs. Amazing how fast this puppy can move.
Sooner or later us longs are gonna be in for quite a ride...just don't know when exactly.
westwich...couldn't agree more. They would have just said that they hadn't heard of anything to do with a merger. Instead with you today on the phone, their comments sounded guarded.
Also...exactly, for a big company like Riggs it would take a long time to audit and get all the paperwork together for a merger. Not surprised things were so dormant for 2 years since they closed down the thrift store side of the business.
If Riggs Companies merges with EPSC and we find out Riggs is indeed doing a 100 mil annually in revenues, like it said in the Reuters article I posted earlier, what do you think that means in terms of a realistic PPS with the current 11.6 mil float of EPSC?
Ha...great minds think alike...did not see your previous discussion when I first posted this...
All good stuff...
I was wondering though, you said "They still holding one store and it's updated as active." On the July 22nd, 2016 8-K it says:
"On July 15, 2016, Epic Stores Corp. (“Epic”) ceased operations at its remaining retail locations"
Where did you see one store is still open?
Btw...as I am sure you know in their August 8th, 2016 8-K they said:
"It was further resolved to explore potential merger transactions between Epic and a third party. The Board has not yet identified a third party interested in such a merger transaction, but the Board is actively exploring this possibility.
That was almost exactly 2 years ago to the date...interesting.
Thanks for sharing!
I don't think it's a matter of IF there is going to be a RM with EPSC and Riggs...more like a matter of WHEN.
Great work...again thanks for sharing with the board...
Perhaps...will be a bigger believer in today's reversal if we can take out yesterday's high. Must stop the pattern of lower daily highs that we have had over the last few days.
Again, no way Riggs Companies is gonna let this shell go to waste. Just anyone's guess as to when they take action.
Riggs Companies 100 mil annual revenue
I found this Reuters - Epic Stores profile. Looks like it is from 2016: when Epic's thrift stores were still open.
https://www.reuters.com/finance/stocks/company-officers/EPSC.PK
Had not seen it in writing until I read this article about what kind of revenues Riggs Companies is doing.
In the profile for Wayne Riggs, the founder of Riggs Companies it says:
"he was the President of a commercial construction company from 1993 through 2010, and grew the business from start up to over $100 million annual revenue by 2008."
Who knows how accurate this is but even if it is halfway accurate that is still pretty big $$$.
No matter what happens currently here with EPSC I highly doubt Riggs Companies is gonna let their clean shell go to waste. Eventually EPSC will be worth a lot of money IMHO. Might have to wait awhile...or not.
Sounds like you got a plan...GL
Thank you sirglenn...
Go EPSC!!!
Nice to see you on the board today powerbattles...
Love da lions btw!
Ha! Exactly...reassuring to me too....
It is a good sign that we seem to have picked up some not so positive people on this board now (never use the "B" word btw..).
Even better that we are off the lows at this moment...gonna be really interesting to see how this all plays out. Could go either way IMHO....speculation at its finest...
To answer your friend's question if I may....No, there is not a neon sign out front of EPSC saying "Huge Reverse Merger play with evidence in writing happening here!!".
However EPSC out of nowhere had huge volume and price action this past week. We have not seen this kind of volume in years on this stock. Also Riggs Companies is an established concrete company with likely millions in revenue that is looking to expand. EPSC is a low floater, clean Shell with no dilution, same ss for 3+ Years.
What makes this opportunity so unusual is that we have found a direct tie between the two companies before any merger announcement. We have the same directors in the filings for both the companies. Also, EPSC CEO Brian Davidson has registered the domain www.riggscontracting.com. A RM with Riggs would be an obvious choice.
Also, don't forget that EPSC's management has already done a RM with Epic Stores to take it public...doesn't it make sense to do one with Riggs, a proven successful company?
So again...no announcement (evidence) from the company yet but it is an intriguing play...
Holding tight for now...
I admit this is a tricky one but not willing to stick a fork in it yet. Crazy amount of volume since this run began. If it is a pump n dump where are all the pumpers outside of Ihub? Practically nothing on Twitter and I think I would have heard about it if this was a group chat thing.
Also we know that Riggs Company management has experience with Reverse Mergers. They are a successful growing cement company. Why would they abandon their own shell?? This just doesn't make sense...
Can EPSC find support here at the .002 area and turn around or it it just wishful thinking? Don't know but I am here for now.
Yep, perhaps you guys are right that it needs more time. That was a hell of a lot of volume if it was just generated by a group chat room. Will see...
Whoo hoo - glad you all are back!
It was a fun weekend battling with the not so positive people on this board.
Will know soon enough if we got a diamond in the rough here....
Go EPSC!!!
Monday should tell us a lot...
Either we crash and burn or we start to move into a new wave higher.
Of course any PR news out about a merger and EPSC goes into beast mode IMHO.
Go EPSC!!
Did you say "Slimy" Mr Dirty P?
My research on the posters here on the board has been just the opposite. Most seem knowledgeable about EPSC and some have been here a long, long time. I give them credit for sticking it out through the lean times. They are much more patient than me and will make a lot more money than me if this does turns out to be a nice summer/fall runner...
So...Dirty Penny, just so we are clear, you are spending time here on the board to help point out to the new investors that the huge volume and surge in price currently in EPSC might be a P&D and to LOOK OUT!, BE CAREFUL!, KEEP YOUR HEAD ON A SWIVEL!, and also be aware that that there are some "all too familiar slimy p&d names" you recognize here lurking amongst us on this board? Is that right? If so...cool.
I am sure you are a busy guy and it is very nice of you to spend your time here on this Sunday afternoon warning the new investors about your concerns. Of course you are not being compensated in anyway for your posts here on the board and I must say this is very noble of you... thank you.
Mr. Dirty P...
It is your job to engage me so let's engage...
I am on this board because I was alerted last week to the sudden huge amount of volume and also price breaking out into new 2 year highs on this stock. There has been no dilution in years and the float is super low at 11 million.
I was also intrigued with the fact that there is a clear relationship between EPSC and Riggs Company. EPSC is a clean shell looking for a home. Riggs Company is a successful cement contracting company looking for a way to expand and raise capital. The possible RM between the two is logical.
Yes, the ESPC terms of the merger with "Be At TV, Inc." has an interesting coincidence that the warrants expired just before this stock rocketed up. Still hoping someone will comment on that other than you. I admit the idea could be a long shot.
I got long on Thursday's dip last week and am hoping EPSC soars. However this is a sub-penny stock and it may crash but I like my chances.
More than you wanted to know but that is why I am here on this board and cheering on EPSC...
Why are you here on this board...?
Yep, got to hand it to you Dirty P...
you crushed my idea down hard and really schooled me man...
I was not aware of Discord group chat rooms / Skype / Twitter / email, etc...front load pump and dump plays. Thanks for making me aware!!!
Looks like you may have been hanging around BMM6 pick plays a little too long...
Btw...love that you are here Dirty P panning our board...means we may be onto something...WEEEEEEE!
1,133,813 warrants @ $1.02 / June 24, 2018
Need some help here...but not from Dirty P...lol
In the merger with Be At TV, Inc, 3 years ago, when EPSC was becoming public the Terms of the Merger said:
"Pursuant to the terms of the exchange agreement, Be At TV, Inc. acquired all 27,083,493 of Epic's issued and outstanding shares of common stock from Epic’s stockholders in exchange for the issuance of an aggregate of 19,959,970 shares of Be At TV, Inc.'s common stock on the basis of 0.737 shares of common stock for each Epic share and 1,133,813 warrants, each of which is exercisable into one share of common stock at a price of $1.02 per share until June 24, 2018"
So this is how I understand warrants to work:
"In finance, a warrant is a security that entitles the holder to buy the underlying stock of the issuing company at a fixed price called exercise price until the expiry date. Warrants and options are similar in that the two contractual financial instruments allow the holder special rights to buy securities."
My question is this: Could the warrants be the reason why EPSC / Riggs management has waited till now to reverse merge? The previous owners of Be At TV Inc. would have no incentive to exercise the warrants where EPSC is currently priced under a dollar. But if this merger does take place between EPSC and Riggs Companies and if Riggs does have millions in revenue and the float being as low as it is, (11,687,501) it is conceivable this stock could go well above a $1.00 sometime after they merge, right? Did EPSC management wait till after the warrants expired (so they would not to pay out on them) to move forward with a reverse merger with Riggs Companies?
Perhaps my thinking is way the hell off here but wanted to throw this out and get feedback from someone with a lot more experience with Reverse Mergers than me and hear what they have to say...
Dirty P, thanks for the awesome advice!
Sounds like you got it all figured out...My advice to you then is don't buy this stock.
Did you all know about this? Puzzle.
There are some interesting things about EPSC that I found in this article on Yahoo Finance dated Aug 31st 2015:
https://finance.yahoo.com/news/epic-stores-corp-completes-merger-123000539.html
For those that have been trading EPSC for awhile you probably already know EPSC is a direct result of a reverse merger itself. Epic Stores Corp was a private company and merged into "Be At TV Inc." symbol BETV on Aug 31st 2015. BETV's symbol was then changed to EPSC. All of the old Be At TV Inc's management resigned and Epic Stores Wayne Riggs and his brother Bob Riggs became directors and Brian Davidson became the CEO of the new Epic Stores publicly traded company. The three of them as we know also all work together at Riggs Companies (a private company) where Wayne Riggs is the founder.
These guys appear to be much better at running a cement company then running a chain of thrift stores. Doing other research I found out the following year after the merger they grew Epic Stores into 10 thrift stores. Then, quite suddenly, dissolved operations of the thrift stores in July 2016, not quite 1 year after they went public.
Why would they suddenly stop the thrift store operations when they were not even a year into being a public company? Why would successful cement contractors even want to get involved with running a publicly traded thrift store company? Hardly seems like overlapping skill sets..lol.
Could the answer be in the way they financed the reverse merger for the thrift store?
-------
-------
Key Terms of the Merger Transaction
"Pursuant to the terms of the exchange agreement, Be At TV, Inc. acquired all 27,083,493 of Epic's issued and outstanding shares of common stock from Epic’s stockholders in exchange for the issuance of an aggregate of 19,959,970 shares of Be At TV, Inc.'s common stock on the basis of 0.737 shares of common stock for each Epic share and 1,133,813 warrants, each of which is exercisable into one share of common stock at a price of $1.02 per share until June 24, 2018.
Concurrent Financing
Concurrently with the closing of the exchange agreement, the Company completed a private placement financing pursuant to which it issued an aggregate of 2,631,477 units at a price of $0.882 per unit for gross proceeds of $2,320,959, of which $770,959 was satisfied by settlement of a bridge loan in the principal amount of $750,000, plus accrued interest thereon, made by a subscriber to Epic prior to the closing of the exchange agreement. Each unit consisted of one share of common stock in the capital of the Company and one transferable share purchase warrant. Each warrant entitles the holder to acquire one share of common stock at a price of $1.02 per warrant share until June 24, 2018."
--------
--------
Okay so I have laid out some pieces to the puzzle. Does any of it make sense to anyone and could it be leading to a RM between EPSC and Riggs? Is the very recent expiration date of June 24th, 2018 of the warrants for shares significant? Are we missing something? I am hoping that someone with more experience in publicly traded company finance can shed some light on this. If there is nothing here that adds up to anything of significance so be it....at least we know management is comfortable with reverse mergers...
Any ideas on this are welcome...
It's not IHUB money that started this rally. Here's why...
EPSC gapped up and started moving higher right at the open on Tuesday, Aug 7th with volume. So I decided to do a little detective work and see what all of the players on our board here were posting right around the open. Especially I wanted to see if any of us were pumping EPSC BEFORE the opening bell or even on Monday. What I found was not a mention from any of us early in the morning on Tuesday or on Monday!!
Highstakes was the first to start posting about EPSC going up but it was clear he did not know why it was going up and never mentioned a merger. He also did not post on another board, just ours. Powerbattles did not start posting till 11:27am on Tuesday well after the move got started in EPSC. He did start posting about a merger though right away. It's clear from your post you did your homework quickly and made the connection with the Riggs Company. Kudos to you powerbattles for getting the word out across the boards loud and proud (but was not till after EPSC was already moving). Multi-Bagger did not start mentioning merger till 2:29pm that afternoon. I looked at everyone's posts and all came up empty when it came to mentioning EPSC before the bell or even within the 1st hour of the opening.
Obviously I have no life spending time looking at this but I was curious if it might be someone on this board behind this recent move. We have had a tremendous amount of recent volume. From what I can see I do think it is someone beyond our group here who is behind the rally. Hopefully someone with some real knowledge of a RM with Riggs and ESPC. From what powerbattles just posted in his 5 key points this makes even more sense. I will stay long and see where we end up.
Lot of risk here...do your own DD.
Thanks for the info AZresident...
The question is, is what is really causing the recent surge in volume and price in EPSC?? Is it a person or group that have direct knowledge of a RM with Riggs or is it just hopeful Ihub speculators trying to make something happen out of thin air? My hunch (and hope) is that it is someone that really knows something. We have had more daily volume and price action in the last 4 days than we have had in the past two years. We should have our answer soon enough... Perhaps powerbattles or someone else here on the board can help us answer this question.
If it does turn out to be a RM with Riggs, EPSC will rocket up IMHO.
Good question Rainmaker....powerbattles?
"I forgot to ask you in my last post...Brian has been CEO of EPSC since 2015. Bob Riggs has been COO of EPSC since 2010. What suddenly changed to make you think there was going to be a merger now. I must be missing that part. thanks. If I knew this was a now thing I might look to enter here."
I am also curious to know this too. Was it a hunch or more that makes you think the two companies will merge soon?
There is of course the direct tie between the same directors in the filings for both Riggs Company ad EPSC. But this was know last year. For me it was the huge surge in volume and price breaking into new yearly highs that made me buy in. I have no proof though beyond that, that the two companies are about to merge. But the volume has surged out of nowhere so for me it's a pretty good hunch something is about to happen here....but who knows.
Excellent StanleyO!
I left a voicemail myself at Riggs Company yesterday after speaking with the receptionist. The voicemail did not have a name attached to it and I have not heard back from them.
Yes, please update if anything comes of it. Much appreciated...
Good looking reversal hook if it closes up...
Notice how this morning's low bounced right off the channel high resistance/support level that was formed over the last 12 months. If we can stay in the green by EOD today we will be set for our next swing up next week. Also nice volume again today...
If we get any official PR merger news between Riggs and EPSC this stock will go into beast mode.
Is that some GREEN I see on my chart???
I'm ready to see this puppy rocket back up again...
EPSC out of nowhere had huge volume and price action this past Tuesday and Wednesday. This appears to me to be more than just Ihub money. Perhaps a chat room group play but likely much more. We have not seen this kind of volume in years on this stock. If it does turns out to be buyers with knowledge about a reverse merger with Riggs Company, and that would be logical, this stock will fly with any official announcement.
Riggs is an established company with likely millions in revenue that is looking to expand. EPSC is a low floater, clean Shell with no dilution, same ss for 3+ Years.
What makes this opportunity so unusual is that we have found a direct tie between the two companies before any merger announcement. We have the same directors in the filings for both the companies. Also, EPSC CEO Brian Davidson has registered the domain www.riggscontracting.com.
This could be a fun August IMHO
I like what we have here!
The volume we have had here in the last few days is undeniable. Highest volume and price in over the last 2 years.
Of course there is no "proof" of a reverse merger coming, this is highly speculative trading in the OTC. We would already be above .10 or much more if we knew that for sure. Buy T-bonds if you need that kind of assurance.
What we do have here is an established company with likely millions in revenue that is looking to expand. We also have a low floater, clean Shell with no dilution, same ss for 3+ Years.
What makes this opportunity so unusual is that we have found a direct tie between the two companies before any merger announcement. We have the same directors in the filings for both the companies. Also, EPSC CEO Brian Davidson has registered the domain www.riggscontracting.com.
Do we have "proof" they are going to merge? No...but is it likely? Putting 2 and 2 together, I would say yes and that is where my money is. But this is a sub-penny stock and anything could happen!
I have put in a call to Riggs Companies to get anymore info possible and was forwarded to a voicemail. Will update if I get a call back...