News Focus
News Focus
icon url

wobblenuts

05/10/13 11:50 AM

#39177 RE: aboveandbeyond #39175

My guess is that there were some milestones set in the restructuring agreement that would allow EPGL to acquire the right. Which they've made. I would also think it would be in PwC's best interest to make a deal with EPGL for the shares and guarantee the lump sum. We all know there are no guarantees trading shares in the market. PwC also has obligations to the AJW liquidation and will not gamble with shares on a penny stock. They know darn well diluting that amount of shares puts this back to .0001/no bid before they recover much of anything.
So if EPGL performs as expected and has continued growth, there won't be a transaction on the PwC shares until EPGL is the last ticker in the AJW fund liquidation to be resolved, thereby maximizing the recovery for the AJW shareholders.
That's my take on that situation, seems reasonable and is just an opinion.