Replies to post #126321 on EP Global Communications Inc fka EPGL

[lewsogge]

I am secretly hoping that we get a little more clarification on the cash buyout option, which once again is something they said WILL happen (not "might" happen as some are trying to say). In particular, I want to see what price and value this is going to be converted or cashed out at, as I'm sure everyone else does. We do have a hint at what to expect from the latest CC as well as last year's PR (more on that to follow).

Keep in mind all this ruckus lately is based on tweets, nothing formal has been announced yet. I am confident all the details we are pondering will be in the proxy; there's no way the Execs and VC's would agree to a buyout if its going to be a decrease in value buyout or a loosely worded proxy that doesn't have a set value. Hayes isn't out there working a second job lol, he needs the EPGL story to end well just like we do as his net worth is tied up in EPGL shares.

At the very least, right now all we do know is that we will get 125% conversion ratio EPGL -> InWith Corp and there is a guaranteed cash buyout liquidity event (assuming proxy vote passes). So in other words, we're pretty much guaranteed a 25% profit right off the bat from the buyout price once it goes into effect. From there, people who want to cash out can do so and my worst-case scenario I am pricing in is a cash out of 25% higher than the closing price of EPGL once the buyout effective date is reached (due to that conversion ratio mentioned in that tweet). That, once again, is the worst-case scenario... I really doubt they're going to agree to a buyout at the current PPS.

Anyways, to answer your question, what I am HOPING for in the Proxy Statement is something along the lines of what was discussed when the buyout news first surfaced:

IRVINE, Calif., Jan. 31, 2017 /PRNewswire/ -- EP Global Communications, Inc. (Public OTC: EPGL)
InWith Corp. will make a bid to buyout EP Global Communications, Inc. (EPGL) if EPGL shareholders allow the full offer to be presented by InWith Corp. via a Proxy Vote. The offer will involve a choice for EPGL's retail shareholders to be bought out in a cash price of up to 9.8 cents per share, or to receive approximately 125% of their current EPGL equity by percentage (total along with gifted shares) converted to InWith Corp. equity. The choice would be offered as "one or the other" to EPGL shareholders and they could make their choice individually from other shareholders. In any event, EPGL shareholders who formally requested the InWith Corp. gift equity offer, will receive that gift equity regardless if a full buyout is finalized.

EPGL will put the InWith Corp. detailed proposal before its shareholders in a Proxy Vote. The Company notes that other entities who hold first rights to purchase EPGL technologies, will continue to enjoy those rights through to the building of the products, regardless of any completed buyout.

That PR was obviously from a year ago, but who knows- we could get a similar formal announcement any day now since the Proxy Date is FINALLY established. Most likely we will have to wait to see the Proxy Statement though, as I imagine they can't announce a buyout price in advance due to the fact that would hurt InWith if everyone loads up on the stock and cashes out knowing they are guaranteed a massive profit. Should we get an offer anywhere near 9.8 cents per share I will be cashing out because I am a more conservative investor. If we get a buyout offer that's closer to my worst-case scenario of 25% + closing price of EPGL on effective date, barring a major pop in the coming days, I will happily take the 125% InWith Corp conversion because these patents are just so valuable to ignore.

Hope this helps, GLTA :-)