First Liberty Power (fka FLPC)

[MDuffy]

So... my question stands... am I reading this right?

Is it possible they've shifted assets to their other companies for tax purposes via 'consulting work' and are slowly shifting them back through acquisition? I have never understood how they could operate with so little cash on hand each quarterly report, yet have such nice equipment/so much property. One time wasn't it like only 5k or something ridiculous? Is there something I'm missing?

[See below]

It was announced on July 23, 2014, that Group8 Mining Innovations would be providing $200,000 in additional equity financing, priced at 25% above current market on the day of delivery of funds, with a floor price of $0.01/share. Pursuant to a stock purchase agreement, dated July 20, 2014 with Group8 Mining Innovations, $100,000 has been provided as of October 31, 2014, priced at the floor level, resulting in a share issuance obligation of 10,000,000 shares of common stock. Upon receipt of the remaining $100,000, a further issuance of up to 10,000,000, but not exceeding, 10,000,000 shares of common stock would be required. The reason for entering into the transaction was to acquire additional investment capital into the Company. The net proceeds from any such financings would be used for working capital / general corporate purposes, including the further development of the Company’s properties.

Is this Group8 conveniently shifting money back to us?