EP Global Communications Inc fka EPGL

[iblong2]

You are not exactly correct again as their statement is somewhat ambiguous. Are they referring to 100% of the NIR debt, now controlled be PwC or the entire debt of the company. There are other shareholders that have been keeping this company afloat and hold debt. It is unclear if they are included. I am not sure PwC speaks for them.

EP Global Communications, Inc. (the Company), (PINKSHEETS: EPGL), is pleased to announce that it has reached a restructuring agreement with the liquidator of AJW funds to convert 100% of the Company's debt into equity and restructure the Company into a medical device manufacturer,

So when LANBSHIFT referred to a substantial part of the debt, he may be correct. The big question of course is exactly how much debt is that? If it is anywhere near $10MM, there is a very high probability that we all will get essentially get wiped out!