Replies to post #19377 on EP Global Communications Inc fka EPGL

[Black8]

Not a bad idea for them if their debt holders agreed to that, but as far as I can see PwC represents a senior lien holder on millions of EPGL debt. They are not going to substitute senior security for a royalty agreement, unsecured. A conversion from debt to equity is the way they are doing it according to PR. That will effectively wipe out the toxic debt currently on EPGL's balance sheet.

[Sparks100]

The debt release proposal is an excellent one. The only drawback is the time frame in which the debt would be extinguished, or that is, how long it would take to finish paying off the balance owed under the agreement. But first and foremost, it would be a test of the belief by PWC in the information they PR'd. If they went for the debt release, it would indicate that they truly believe in their PR about the product and its potential. If they don't go for a debt release, .....