News Focus
News Focus
icon url

Black8

06/24/12 11:58 PM

#20740 RE: Sparks100 #20738

PwC is the court appointed liquidator of AJW funds as represented in the public announcements. They are converting 100% of EPGL debt to equity, also as stated publicly. They cannot just "dump" shares as NIR did in the past. NIR was a debt holder. PwC is an equity holder. BIG DIFFERENCE.

Why don't you just call PwC and ask them? Yeah, Pricewaterhouse is a shady business, huh? The world's largest financial accounting firm. LOL.


icon url

Valiant

06/25/12 12:55 AM

#20741 RE: Sparks100 #20738

My guess is that PWC shares will be restricted which will not allow them to just dump the shares on the market. I think this because they will own a significant portion of shares.