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EPIC Announces EPIC Digital Coins Will Provide a Hedge Against Depreciation of National Currencies, It Is to Become a Private Company, and It Affirms Its Voluntary Exchange Offer
EPIC Announces EPIC Digital Coins Will Provide a Hedge Against Depreciation of National Currencies, It Is to Become a Private Company, and It Affirms Its Voluntary Exchange Offer.
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 Digital Dollars, the EPIC Monetary System’s \n crypto, will provide a hedge against national currencies; EPIC is to \n become a private company by affecting a reverse stock split of 1 share \n of common stock for 40 shares of common stock issued and outstanding as \n of July 8, 2019; and EPIC affirms its fourth voluntary exchange offer to \n shareholders of common stock, held in street name, for shares of EPIC’s \n Series A 5% Convertible Preferred Stock on a basis of one share of \n common stock for one share of Preferred Stock. The exchange date is to \n be on or before June 18, 2019. The minimum number of shares of common to \n be exchanged is 1,000 shares and the maximum number of shares is 20,000.”\n \n \n Private Company\n \n \n The Board of Directors believes that in order for EPIC to raise the \n capital required to finance the establishment of the EPIC Monetary \n System it is necessary for EPIC to become a private company whose common \n stock is traded by shareholders and potential shareholders, but not as a \n typical penny stock non-reporting public company. To accomplish this \n transition, the Board believes it is necessary to effect a reverse stock \n split resulting in 1 share of common stock for 40 shares of common stock \n issued and outstanding on July 8, 2019. Therefore, \n it is important that long term investors in EPIC’s traded common stock \n accept the exchange offer to protect their investment in the short term \n by notifying your broker/dealer.\n \n \n EPIC Monetary System\n \n \n The EPIC Monetary System (“EMS”) being developed by EPIC is the first \n time a cryptocurrency will be supported by precious metals.\n \n \n The EPIC Monetary System (“EMS”) is the conversion of precious metals by \n EPIC Monetary Association, a non-profit beneficial corporation (“EMA”) \n into a virtual or digital money system called EPIC Digital Dollars \n (“EDD”) which provides a hedge against currency depreciation. The value \n of EDDs will increase as the national currency depreciates in buying \n power.\n \n \n Capital Requirements\n \n \n EPIC, in order to raise sufficient capital to purchase gold and silver, \n prov...