Yes he does know where and it is to the pennies. See Direct Q&A:
Q As we understand it, you are a major debt holder. Have you agreed to have more than 1/2 of your debt converted to shares too? Would this not mean you have more incentive than ever to raise shareholder equity?
A Yes, it is my intention to convert 50% of the amounts due and owing to me into equity as a condition of the restructuring agreement. Inasmuch as I am the second largest creditor next to NIR, I should think this would be viewed as a fairly important step and a reaffirmation of my commitment to this company and its mission. It also reinforces in me and I hope others in management additional incentive to try to increase shareholder value. Thus our value is aligned with those of our shareholders, a fact that tends to escape some people at times. EP Global Communications, Inc. (EPGL) Stock Trading Info:
