When financials do come, for a Start-Up company, items investors should be looking for are debt, share structure, moves to protect IP, interest from proven/established companies that verify the Start-Ups technology/product.
EPGL, as a Start-Up company, these are the only factors that matter. If debt is low to non-existent, shares structure / float remains unchanged, there is movement to secure IP, and they have positive attention from major, global companies for their tech/product, then that is a sign of competent and effective management/leadership and the odds of the EPGL achieving it's goals are tremendously high.
For an investor investing in a Start-Up company such as EPGL, it's about the revenues that will occur in the future, as there really won't be any revenues since the products that their tech is being integrated into haven't hit the market yet. Hence the term 'Start-Up'. Start-Up company investors will look at the market for what the Start-Up company wants to be in. In EPGL's case, the market is BioMems, Wearable tech, Internet of Things. This sector is projected to be a multi-billion dollar market, short term, and a trillion dollar market in the long term. Smart investors get in early. Smart investors invest with smart companies that will be part of a major technological shift.
Its funny when investors say "show me the profits" when dealing with a Start-Up. Expecting profits in a Start-Up is fool hardy. Again, its about the company's potential to make profits that that get investors to invest long term. The whole point of investing in Start-Ups such as EPGL is to get in early, before the profit is there and the PPS is low. For those that want investors to see profits before investing in a Start-Up, they are missing the whole point of investing in Start-Ups. There will always be knit picking. 'Those' that don't do will always ridicule 'Those' that are doing. It's so easy to knit pick a Start-Up company. Takes little to no effort as there is always something to knit pick about.
As for EPGL, they have been knit picked since their inception. "Will never see .002", "will never file with OTC", "will never get Chill lifted", "Restricted shares will be sold off immediately", "PWC is fake," "No blue Chip billion dollar company will give them a development deal" "They will be triple 0's by 2013....2014", the list goes on. And in the course of EPGL's history, they have come to prove everybody who has preached such negativity to be dead wrong. Now, as EPGL approaches their financial reporting date, there will be those few that demand to see profits and try to judge the company for lack of profits. Profits for a START-UP company, believe it or not, knowing full well that there shouldn't be any.
Now, as for EPGL's case of why they are a successful start-up.
In EPGL's case their debt is nearly non-existent. Cost of operations, R&D costs, Rent, etc. Cooper Companies has been covering ALL of their operating and R&D costs for integration of EPGL's tech into COO's smart contact lens over the last year. EPGL hasn't had to raise any capital to function a start-up company. The additional company, whom they will announce in 3 weeks, will most likely being doing the same as EPGL integrates their tech into their specific product.
As for share structure, they haven't had to sell shares, not at any time, to raise funds, since their inception back in July 2012. All shares are accounted for. The float remains at 500 million.
For IP, they've been working to protect their intellectual property. They have been filing patent applications on everything that relates to their technology. When it comes to integrating their tech into another company's product, they have been filing joint patent applications to protect that. In time, we will see if those applications become fortified patents. With new/specialized technology, odds are in their favor.
In addition to their IP, they have wisely kept their patent apps private and non-published. Reasons for that are below:
Reasons Not to Publish
Confidentiality of Invention. By not publishing a patent application, the invention disclosed in the patent application will remain confidential until at least a patent is granted. If you do not anticipate public usage or disclosure of your invention within 18-months after filing your patent application, this can prevent competitors from seeing your technology. Also, if you abandon your patent application, a competitor will not be able to see your technology filed with the USPTO.
Confidentiality of Patent Documents. When a patent application is not published, all communications to and from the U.S. Patent Office remain confidential to all third-parties until a patent is granted.
Loss of Trade Secrets. If the patent application includes any trade secrets, the trade secrets will remain protected by not publishing the patent application (if the application is published or granted as a patent, any trade secrets in the patent application are automatically lost).
Confidentiality of Application Status. If the patent application is not published, no third-party will be able to determine the status of your patent application. (ie, daytraders)
No Prior Art. If you abandon this patent application and it is not published, the patent application cannot be used as prior art by the U.S. Patent Office to reject a later filed patent application by you for a related invention.
Can Rescind Later. You can always rescind a non-publication request after the application is filed (note, you cannot file a non-publication request after a patent application is filed).
Established companies are working with EPGL. Cooper Companies' subsidiary, Cooper Vision, a global leader in the eye care market, is paying for/funding all of EPGL's R&D, operating costs, etc, as EPGL integrates their technology into COO's smart contact lens. A market projected to be in the multi-billions. In 3 short weeks, another company will become known, that has yet another development deal with EPGL for their tech. This attention gives EPGL and it's tech validity and amazing profit potential in a new emerging market.
As you can see, all conditions are met, for what any investor should be looking for when investing in a Start-Up company. The odds of EPGL being able to generate profits in the future and reaching all of it's goals, short term an long term are very likely. The potential for growth that EPGL has is beyond any other company. Don't catch yourself looking in a direction to pass judgement, that is completely irrelevant.
