EP Global Communications Inc fka EPGL

[Sparks100]

Yes, the debt disappears from the balance sheet, but that balance has to go somewhere, and that somewhere is into equity. But like I said before, there is no cash infusion from that accounting transaction, and because shares are issued in replacement, shareholders still lose money, because their holdings are diluted.

Look, the conversion into shares from debt is not going to take place until after the R/S, which as I explained earlier is going to take the PPS increase and trash it back down. And like I explained earlier, the only ones that are going to benefit is short sellers and NIR investors.