I am not certain of the $10 million either, as the company has not reported recently, but the amount owed 2 years ago plus interest is several million.
ECMH is at best pretending to be dead, hoping that NIR dies a silent death first. The strain of litigation in collecting on the delinquent notes has affected NIR's ability to pursue many of the toxic accounts. But if PWC's Pilot Project with EPGL works, ECMH and other defunct companies will be doing the same.
Ribotsky has criticized PWC for not knowing how to run the NIR converting system. PWC is out to prove him and other critics wrong. They have a lot at stake with the success of their pilot project, including getting paid for their audit and liquidation services.
PWC is not concerned about the welfare and best interests of investors in EPGL, although they will tell everyone here that. They are like some of the posters here, get back what they can at the expense of everyone else. I do admire the ethical decision making of some here who want to put a stop to the abusive process of "screw unto others before...". You are correct in your assessment up front of the medical ploy to lure unsuspecting new investors to EPGL to become the new bag holders. Also, PWC isn't interested in control of the company, and the new management that they will bring in has one real function, ensure that stock is pumped long enough for PWC (NIR) to get its investment back.
The opinions expressed herein are my own and all investors should perform their own due diligence and make their investment decisions accordingly.
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