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Accounting 209
Just finished my first semester of accounting and well, doesn't take a genius to read these financial statements....
Completely agree, I've been in this stock before the original rocket to .005. I keep try to fill at 1.00 but am starting to consider getting anything under 1.50. I have to go with my gut feeling and dd and load this one. Jack brewer doesn't just sign off any company.
Anyone can trade right now, monad is in a grey market, you just have to call your broker and set up a buy or a sell.
Yeah the documents say any fractional shares will be rounded up to 1 complete shares. This has to apply to everyone since there is no cash reimbursement.
Just to chime in, the way a company reduces a/s is defined in the articles of incorporation. Generally there will be either a buyback or cancellation of authorized shares. Assuming all information is true so far. If the outstanding of 4.7 was reduced then that leaves the company with a 1.3bill share buy back or cancellation.
Nowy if they change the A/S how does that happen? Sharebuy back or cancellation? They would have had to buy a ton of shares!
BUT THE NVSOS says it will be 200 million so they either have to buy back or split...which one did they do?
Tell me please...
Yes dude, so out the of 6 billion lets say there are 4.7 current outstanding and they reduce that to 470k, and filings say that the total auth will be 200 million then what happened to the other 1.3 billion.
They just disappear?!!
So if they can only reduce the a/s then it will be either bought back or cancelled to 200 million as per the nvsos filings and then the 2.1 billion outstanding will be reduced to 210k.
Correct?
The t/a lady said 200 million was the a/s. How is that not the a/s?
So let's run with the T/A numbers, if there is 4.7 billion and they do a 10k to 1 split this reduces the oustanding to 470,000.
Where did the other 1.3 billion of the total authorized go? Was that included in the split?
The amendment online says it will go from a total auth of 6 bill to 200 mill does it not? If it is prior to the split then that is impossible.
If it is after the split then the authorized numbers don't match up.
The amendments say that a total of 200 million shares will be the authorized count. So did the T/A
so if they do a 10000:1 split on the total A/S there would only be 600,000 shares TOTAL...but it makes no sense because the T/A confirmed 200 mil A/S i called both days and she confirmed 200 mil A/S and 10K:1 split
so the company must of bought back/ or canceled the 5.8 bil right? otherwise it doesn't make any sense
call your broker and ask them the current outstanding shares and see what they say...
i just called scottrade they said there is 2.1 bil O/S
somebody else please call i want to confirm this
i called the T/A she did say the O/S was 4.7 bil but it doesnt make sense nowy.
do the math to find O/S =5,300,000/.0025= 2,100,000 bil
this is what correlates to OTC market page as well
www.otcmarkets.com/stock/MONA/profile
I also just called scottrade and they confirmed that the O/S is 2.1 bil...so it doesnt make asense the T/A told me 4.7 bil but the math doesnt add up? so the O/S has to be 2.1 bil
call your broker and ask them what the current O/S is
Ok folks, so here is the deal, I just called scottrade and verified with my broker that the current outstanding shares is 2.1 billion.
This is easily verifiable by taking the current market cap which is 5.3 million and dividing that by the current share price which is .0025, which leave us with the matching 2.1 billion oustanding shares.
My best theory involves the current amendment shown on the nvsos regarding the share structure being reduced from 6 billion to 200 million.
If shares were reduced through a buy back or share cancellation on those 5.8 billion and then the 10k to 1 split occured on the 2.1 billion shares that would leave only 210,000 left in float.
A private company with good shareholder equity would cause this to greatly increase the value of every share post split.
Do research, and think your own thoughts, don't be a mindless sheep.
If you think it is bad that's fine but don't just follow others. Call your broker and ask about the current o/s then do the math I just did for you yourself. 4.7 billion simply does not make cents, it would value our shares at .0011. Doesn't add up when you do it like that!!!
so to get down to 200 A/S the company wouldve had to buy back/ and or cancel 5.8 bil shares!
because to do a 10K:1 split on 6 Bil would only leave us with 600,000 A/S but they cant be b/c according to the filings the new A/S will a total of 200,000,000
https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=KwdNSKq0QriVtOAyXETZQA%253d%253d&CorpName=FLEXPOWER%2c+INC.
MATH DOES NOT LIE
Step 1: Find current Market Capitalization, currently it is 5.9 million dollars.
Step2: Divide current Market cap by current Price Per Share. Which is .0028.
This leaves us with the Total outstanding shares availible for trading.
5,900,000 / .0028 = 2,107,142,857 outstanding shares.
The math does not lie!!
not sure what is actually going on here folks but the math doesnt lie...the T/A seems to be confused there cant be 4.7 bil O/S with the current market cap and price as it stands, do it yourself. How do you get these numbers???
I will go off the filings posted 4/21
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=KwdNSKq0QriVtOAyXETZQA%253d%253d&CorpName=FLEXPOWER%2c+INC.
right now everything is in flux and its hard to figure out what is actually real. my advice go off your own DD
GLTA
I didn't, greenrush777 bought these. Hey has a sticky at the top of the board, you would have to talk to him.
GreenRush777 ordered these directly from nvsos....lol. Highly doubt these are fake documents.
How do you come to that conclusion sir?
I thought Current O/S is market cap divided by price share? Is that not correct formula? If not can you please tell me the proper formula?
CAN ANYONE TELL ME HOW TO CALCULATE CURRENT O/S?!
Someone here has to know right?
Isn't it Current market cap divided by share price? Leaving current O/S at 2.1 billion?
The way I see it is if this company is confirmed tomorrow and Wolf doesn't immediately jump of VPOR dick and onto MONA's then he loses any and all credibility.
Tomorrow will tell whether this is true or not and man am I sure hoping it is.
IDK if it is or not man that;s why I'm not going to get excited until I see it in the morning myself...but if it is, I am retiring.
SooS416, I'm not going to doubt what you heard, but how can the outstanding shares currently be 4.7 billion? If this was the case then with our current market capitalization our shares would only be worth .0012
The math simply does not add up with what she is saying. There is no way there are that many outstanding shares, the math simply does not add up.
Everything I know must be wrong, isn't current oustanding shares simply calculated via market cap divided by market price?
That being said the market cap at .oo3 is 6.3million which would mean there is an outstanding share count of 2.1 billion.
A 10,000 to 1 split of that current share structure would reduce us to 210,000 shares. Can someone please give me a logical mathematical answer to this and not what was said on the phone?
I did, total authorized shares are being reduced from the current 6billion to 200million. Same as shown on the Nevada sos.
where are you getting 10k to 1?
WHERE THE HELL ARE YOU GETTING THESE IMAGINARY SPLIT NUMBERS FROM!?!?
Please show me the math you are doing?
TOTAL AUTHORIZED 6,000,000,000 being reduced to 200,000,000 is 30:1. Stop making up some imaginary crap.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=KwdNSKq0QriVtOAyXETZQA%253d%253d&CorpName=FLEXPOWER%2c+INC.
Read the spit information here.
Hey jim, thanks for that original dd this morning, I know you are on your a game. I called and verified myself of course(no offense) but glad you gave us that original tip.
All the original people on this board know what they are holding and this just gives us more confidence to stick it out through the ups and downs.
This will all pay off once our pr is dropped!!
When I called and asked who authorized the changes to the float she told me FlexPower Inc. but that all the information she had was that name and the a/s and o/s.
I'm so excited for the future of this company, if anyone doubts the information I and others who have heard the same thing then just disregard it, I'm not concerned I have done my dd.
My best explanation of this is that the shares have been reduced although through all of our brokers the split numbers haven't been adjusted.
I believe that maybe today after market close, our brokers will adjust the numbers in our account and that currently we are seeing shares traded off of a ratio basis.
i agree. but when i called the T/A she did say the O/S was 47,000,000...why would she tell me this, if it wasn't in effect yet?
Whatcha mean man?
Whatcha mean man?
cant be i would own 1/4 of the O/S lol
When a company like flexpower does any type of split it is for a positive purpose. This isn't your typical company.
Let me guess you think AAPL's forward split that is gonna happen is terrible too right?
A company like flexpower who is backed by brewer group is NOT gonna to destroy their rep for a couple hundred thousand bucks...
Yes, a multi million dollar company reinstated a shell, reduced the share structure only to fool everyone and they are going to forward split and dilute.
Please dude, if you are gonna low key bash you need to do it better than this.
Do you really think that is a possibility? Come on now get real.
I'm almost wondering if someone doesn't know something is coming soon, odd to see the price go up on a day without news. We might be getting a PR soon jmho.
I hope there is a PR** lol mistyped in my last post.
I hope that is there is no PR, people don't begin to forget what they are holding. Have a piece of this RM is like having a pile of gold. I'll be holding tight whether there is a PR or not.