vikingskillz, the EPGL filing showed no cash, no sales, and $120,000 in inventory;
It also showed $9 million in revenues and $7 miilion in profit when in reality EPGL did not take in a dime because the revenues were just an increase in the value of the stock. With the decrease in PPS from over .04 to .02, if EPGL had to file today they would show a $4-$5 million loss before expenses based on how revenue was calculated. When no revenues are subtracted from expenses, EPGL lost money in the 1st Quarter.
Since no MPDD units were sold in the 1st Quarter according to the filing, selling 1 unit could be considered "sales significantly increasing" in the 2nd Quarter. The filing talks about potential billions in market share yet does have cash to produce 1,000 units for Singapore. The PR stated "initial 1,000 units" not a paid order for 1,000 units.
Penny stocks are all the same. EPGL went from .004 to over .04 on no sales and now that EPGL may be selling MPDDs share price is down 60% from the recent highs.
7 days of conference calls designed to get people to buy EPGL stock not get doctors to buy MPDDs failed miserably. EPGL needs to say or do something to get stock buyers as August is a long time to wait to see if EPGL has sold anything.
Good luck.
Every share you own came from somebody else who thought it was a better idea to sell it.
Thanks Paulie!
