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EPIC Declares Stock Dividend for Its Series A Preferred Stock, and EPIC Changes Exchange Rate From 3 to 1.5 Shares of EPIC's Common Stock for 1 Share of EPIC's Series A 5% Cumulative Convertible Preferred Stock
EPIC Declares Stock Dividend for Its Series A Preferred Stock, and EPIC Changes Exchange Rate From 3 to 1.5 Shares of EPIC's Common Stock for 1 Share of EPIC's Series A 5% Cumulative Convertible Preferred Stock.
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[{"type":"text","content":"\n \n \n EPIC Declares Stock Dividend for Its Series A Preferred Stock, and EPIC Changes Exchange Rate From 3 to 1.5 Shares of EPIC's Common Stock for 1 Share of EPIC's Series A 5% Cumulative Convertible Preferred Stock\n \n \nEPIC Declares Stock Dividend for Its Series A Preferred Stock, and EPIC Changes Exchange Rate From 3 to 1.5 Shares of EPIC's Common Stock for 1 Share of EPIC's Series A 5% Cumulative Convertible Preferred Stock\n \n AUSTIN, TX--(Marketwired - Mar 18, 2014) - EPIC Corporation (PINKSHEETS: EPOR) (\"EPIC\"), and Ronald S. Tucker, EPIC's president, announced \"EPIC's board of directors has declared a stock dividend on its Series A 5% Convertible Preferred Stock for the periods ending June 30, September 30, and December 31, 2013, to preferred shareholders as of December 20, 2013. The board also declared a stock dividend for the shareholders of the preferred stock of record on March 28, 2014 and June 25, 2014, for the periods of March 31, and June 30, 2014. In furtherance of EPIC's efforts to attract new investors to a significantly undervalued stock, the board has approved an offer, as of March 31, to exchange 1.5 shares of EPIC's common stock for 1 share of EPIC's $1 face value Series A 5% Convertible Preferred Stock ('Preferred Stock').\"\n The Exchange Offer is made subject to the following terms and conditions:\n 1.  The Exchange Offer is only made to shareholders with shares of common stock held in broker/dealer accounts of record through June 30, 2014;\n 2.  The shareholder must offer to exchange not less than 18,000 shares;\n 3.  The exchanges are to be made by a Notice of Exchange provided by EPIC through the shareholders' Broker/Dealers from March 31, 2014, through June 30, 2014;\n 4.  The Notice of Exchange and shares to be canceled are to be submitted to EPIC's transfer agent, Corporate Stock Transfer;\n 5.  EPIC reserves the right to reject the Notice of Exchange and to limit the number of shares to be exchanged in the absolute discretion of EPIC;\n 6.  The exchanged Preferred Stock will be delivered within 5 business days of acceptance by EPIC and delivered for inclusion in the shareholders brokerage account; and \n 7.  Preferred Shares issued prior to June 30, 2014, may not be converted until on or after July 1, 2...