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EPIC, a Non-Typical Cryptocurrency Company, to Increase Its Board of Directors, Explains How to Accept the Exchange Offer, and Declares Special Quarterly Stock Dividend
EPIC, a Non-Typical Cryptocurrency Company, to Increase Its Board of Directors, Explains How to Accept the Exchange Offer, and Declares Special Quarterly Stock Dividend.
About this update from Epic Corporation Colo
[{"type":"text","content":"\n \n EPIC Corporation (OTC PINK: EPOR) (“EPIC\" or “Company”) and Ronald S. \n Tucker announced that “EPIC is a non-typical cryptocurrency company \n whose monetary units have an intrinsic value. EPIC plans to increase its \n Board of Directors to five members, explains how shareholders can accept \n the Exchange Offer of common to preferred stock, and declares a Special \n Quarterly Stock Dividend to Preferred Shareholders.”\n \n \n A Cryptocurrency Company\n \n \n The EPIC Monetary System is a non-typical cryptocurrency because its \n monetary unit has an intrinsic value. EPIC’s cryptos are divided into \n several monetary units that are represented by a series of symbols with \n a monetary value based on a value added purchase price of an American \n Eagle gold or silver coin. EPIC’s Cryptos are easily transferrable and \n when paired with a gold or silver coin they are the Ultimate Money.\n \n \n Cryptocurrencies are currencies, but currencies are not money. The \n typical Cryptocurrency is a medium of exchange, created and stored \n electronically in software to control the creation of monetary units and \n the transfer of the monetary units. However, the monetary units have no \n physical form and have no intrinsic value.\n \n \n Crypto Coin Methodology\n \n \n EPIC will sell an American Eagle Silver Coin at a value added price that \n will be converted to an EPIC crypto coin monetary unit that will be \n valued in EPIC Digital Dollars (“EDD”).\n \n \n Board of Directors\n \n \n EPIC plans to increase the number of members on its board of directors \n to 5 members.\n \n \n Exchange Offer\n \n \n EPIC, on January 14, 2019, extended the Exchange Offer of one share of \n common stock for one share of EPIC’s Series A 5% Convertible Preferred \n Stock (“Preferred Stock”) to March 29, 2019. The maximum number of \n common shares which can be exchanged is 250,000 and the minimum is \n 25,000.\n \n \n The exchange offer is limited to shareholders in street name. The \n shareholders can effect the exchange by informing their broker/dealer on \n or before March 29, 2019, of the number of shares of common stock they \n want to exchange for the Preferred Stock.\n \n \n Special Quarterly Preferred Stock Dividend\n \n \n The Board of Directors, as an incentive to o...