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Wednesday, April 30, 2014 2:57:05 PM
Well, with the restrictions in place on OTCQB starting tomorrow, it probably made more sense to spend less money on a pink shell and then uplist to OTCQB after the merger is complete, SS addressed and name changed.
Otherwise, they would have spent more for an OTCQB shell, it would have potentially dipped below .01 prior to May 1st, delisting them from OTCQB anyway.
Also, as far as the 6B O/S, that was not done by Flex-Power it was done in 2009 by previous owners
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=KwdNSKq0QriVtOAyXETZQA%253d%253d&CorpName=MONARC+CORPORATION
Action Type: Amendment
Document Number: 20090874270-79 # of Pages: 1
File Date: 12/21/2009 Effective Date:
Previous Stock Value: Par Value Shares: 3,900,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 3,900,000.00 New Stock Value: Par Value Shares: 6,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 6,000,000.00
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