Replies to post #13442 on EP Global Communications Inc fka EPGL

[kura]

dndneph,
you seem to have a lot of knowledge about EPGL. Thanks for you updates.

I am also wondering about how do they restructure without dilution. CEO says no dilution right? And also no increase in AS or OS?

Are we expecting some news either today or next week?

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Just my opinion.

[iblong2]

The fact is, past or present that this company lies to shareholders. The company claims, as part of the Q&A that there will be no dilution. Yet they are converting massive amounts of debt to equity and that is major dilution. So how can they accomplish this with the O/S maxed out or nearly maxed out?

They have already lost control of the company because of their dilution because even with their Series A comversion (1:190) and their Series B conversion (1:277) they do not have the votes. Furthermore, I don't think they are allowed to do the conversions because the amount of new shares would exceed the A/S. So what they are proposing in the proxy is to have the shareholders give them control of the company. I say if the company wants control, let them buy shares on the open market.