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Re: YeardMan post# 26608

Friday, 12/26/2014 7:04:44 AM

Friday, December 26, 2014 7:04:44 AM

Post# of 39916
EPXY looks like a great concept and there has been much done to put it into play.

Revenue for last year was 12k and this year is 18k (3 quarters).

The company is looking to expand but they are looking to expand at a slow rate it would seem. Southern California through 2015. I think that perhaps this plan to expand could be a bit slow.

There are some convertible notes on the books coming due in April then august. Those aren't anything out of the ordinary for an OTC stock. There is one note which I don't like tho... 125k convertible at .005. I won't do the math on it.. but that it a butt load of shares. I don't know who holds these notes.. maybe they are friends of the company and nothing to worry about.

This is a great concept and It has the potential to change the rewards card concept.. especially for small businesses. I would love to see this succeed but I don't like those convertible notes.
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