EP Global Communications Inc fka EPGL

[Gatsby]

Here my view: it is all about the debt restructuring.
EPGL is a Company that must adress its debt first then can go forward with its business plan.
So what are the solution:
- bankrupty: if Cie is unable to meet its obligation, if the debt interest is a too important burden. Shareholders are the looser. Creditors will get the remaining assets of the Cie
- Repayments of the debt:
a) in cash: impossible... no money
b) restructuring: creditors decided to cancel part of their debt, receive shares for another part.
This is what the Company is trying to implement.
c) repay with future revenue: sure... Greece and Ireland should say the same to the debtholders... let's wait I got money and I will repay you.

I bought some shares because I am confident the debt burden is being adressed by the Company and that this will be the turning point for it; new business model, better financial situation.
This could lead to some kind of dilution but again... do you prefer to own 100% of a Compnay filling for bankruptcy or 50% of a viable Company.

GLTA