SEC 14c - on why Dave needed to increase the outstanding to 4.5 billion, not to mention the authorized shares that can be converted up 8 billion common shares if need be, as Dave states: "We believe that we need to be in a position to take advantage of opportunities when they arise or when we have a need."
In other words, this is a trap, where there is no upcoming merger, and made EPXY impossible to pump up the price from investors, and or government. Also, because we only have this one app with less than 40K users is not going to save the farm.