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Re: flaflyersfan post# 22745

Thursday, 08/09/2012 12:20:29 PM

Thursday, August 09, 2012 12:20:29 PM

Post# of 130746
You are correct on the AS. I did not infer that the AS reduced along with the OS.
The difference between the OS and AS post RS (approx. 4.5B shares) will be considered equity held by each of the new equity holders as described in the PR's. The availability of the shares held by the new equity holders is governed by the SEC laws the co. is supposed to abide by. Also stated in the PR's.
We'll see...






"wobblenuts, the Authorized Shares did not Reverse Split with the Outstanding Shares;

Authorized Shares for EPGL(d) is still 5,000,000,000;

http://www.corp.delaware.gov/contact.shtml

The Reverse Split reduced Outstanding Shares to 499,000,000 which means EPGL(d) can issue 4,501,000,000 (4 Billion, 501 million) fresh shares of stock starting the day of the Reverse Split. These shares were created to issue to PWC for the obligation they took on.

Good luck."
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