I thought the attorney letter on file with the Pink OTC Markets Group dated October 12, 2015 put the filing issue with regards to being current to rest. EPGL hired Matthew B. Ladin, Attorney licensed in California and authorized to practice law in front of all federal and state commissions, including the SEC, to address what many are questioning. Namely; Is what EPGL has filed as financial statements so far adequately met the requirements for Pink Stocks on the OTC, particularly in light of Rule 144 (c)(2) under the Securities Act of 1933?
His opinion was that they did and it was so filed and accepted by the OTC Markets Group. So there is no need to change their method of filing until they upgrade off the Pink sheet. If they do graduate it will only be due to a substantial contract approval with COO, AT&T, or maybe even Intel. So far, it looks like COO in the near term. When that happens, they will have the funding to have whatever audited financials that are deemed necessary according to their status in the market.
By the way, at some point after June, another 50 million common shares were retired but look at how negligible an effect that had on the pps. There appeared to be massive selloff once the pps hit .08 by the opportunists who hang out on the pinks. Most of us longs waited, buying when the price average dropped below what we bought in at. I don't blame Michael Hayes and Pricewaterhouse for discontinuing the share reduction. They asked for loyalty from the shareholders in their reduction letter filed in January and look what happened. What would you have done watching your stock price drop like a rock after positive agreement disclosures. I'll bet they can't wait to get out of the Pinks and away from the shortsighted traders it attracts.
That's my two cents for what it's worth. Probably less than two cents.
EPGL Long
