Replies to post #112269 on EP Global Communications Inc fka EPGL

[Stock_Barber]

The equity gift will come from that separate, new company and is being offered to EPGL shareholders.

There is a major flaw in that!

In order to do that, EPGL would have to verify how many EPGL shares that the person holds... However, OBO shares cannot be verified!

Hence, anyone can claim to own shares in EPGL (or many more than they actually have), and EPGL cannot prove that they don't by just their name, address, and claimed share ownership!

Surely they have thought of this?

[vikingzskillz]

Lol, nice!! $$$ EPGL $$$

[skorz]

This is stupid! You're being offered coupons. This new company hasn't even listed as a pinky. Getting free shares from a currently non-existent company is even dumber than buying EPGL shares.

All we're fed from EPGL is their eventual greatness, hanging with the giants. 3 pennies! Now they're trying to convince everyone that free shares from a non-existent company is lucrative! Yeah! Like owning all of nothing is better than owning half of something! Makes perfect sense to me!

Take the bait! It's really smelling like low tide around here.

[Koog]

Go ahead and tell the SEC

According to the SEC, because the amount of shares distributed in the "new company" is based on the amount of shares owned in this company, it is considered a non-cash dividend.

And shareholders must be treated equitably. Hey, I don't care, in fact I hope Hayes tries to pull this off. I will enjoy watching the repercussions.