Replies to post #20724 on EP Global Communications Inc fka EPGL

[Highlandmike]

The following quote is from their March 28 news release:

Shareholders will be asked to approve a proposed reverse split of the Company's common stock so as to provide sufficient common shares for increased trading value and to raise funding necessary to implement the marketing plans and programs necessary for successful implementation of the new medical device business.

I think "and to raise funding" means they will again sell shares after the R/S. I wonder how low they will be willing to push it for raising capital? I wish that had been in the news release.

I'd rather buy say, a million shares, after the R/S at .0005 if possible, than to buy 10M now at .0001.

I would feel more comfortable with this if they were also reducing the authorized shares along with the R/S, but the release specifically states that no reduction in A/S will occur.

What are some other opinions out there on this?

Thanks!

[steelerfan7]

that post should sum it up! Nice one! Fundamentals are here traders just hasn't been announced yet! But rumors are why we buy stocks! Go EPGL!

[shooterkc]

You keep saying everyone will be chasing this but you have nothing to back that up.
Buying a ticket to .001 is math, not magic and makes this stock no more valuable than it is right now, it just makes it easier to find suckers to buy more shares.
EPGL the facts as they stand right now, no fluff, no hot air...

1) They're non-reporting
2) They aren't selling anything (unless you count shares)
3) They have no revenue (show me a filed financial statement, not a PR)
4) They are not reducing the A/S count (as per their PR about the 10/1 R/S)
5) We don't even know if this device is ready to sell. It could be two years to produce, package, market and sell. They have mentioned nothing about it.
6) Pinksheets.com has them listed at the bottom of their stinky pinksheet ratings.

These are the facts, they may not be what everyone wants to hear, nevertheless they're facts