On October 6, 2014, came word through a Form 8-K filing that the stock would be reverse split on a one for 10,000 basis. A press release issued by the company on that same day, announcing a desired uplisting to the OTCQB, but failed to make any mention of the reverse split. Many shareholders woke up to the surprise that they owned one one hundredth of a percent of the shares of EPAZ that they went to bed owning.
Even more astounding, is that according to the 8-K, the one for 10,000 reverse split would result in 33,621,390 shares of the company being issued and outstanding. For this to be the end result a whopping 3,362,139,000,000 shares would have had to be outstanding immediately prior to the reverse split. For that to happen, an absurd 3,354,925,616,492 shares would have had to have been issued between September 29, 2014 and October 6, 2014! For those of you who don't wish to count commas, that's over 3.35 trillion shares created in just one week! That's an increase of over 46,500%! Naturally, the company offers no documentation or justification for the creation of those shares.
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