Flexpower Inc. (FLXP)

[PayDirt!]

Town Hall
07.20.07UBS SecuritiesPosted in Uncategorized, Investor Relations at 7:17 pm by Andrew Edwards

QUESTION:

Why UBS securities (UBSS market maker) is always on ask with an endless # of shares of EFGO to sell? What is the relation between EFGO and UBSS?

RESPONSE:

UBSS is simply one of the market-makers actively trading the stock. While it may seem that they are selling more than buying, remember that they are not trading on their own behalf. Having said that, the posted bid/ask is what market-makers want to show. They may not necessarily be executing trades at these prices. They can also be trading on behalf of other market-makers, which is not an uncommon practice.Importantly, they are providing liquidity for the stock. Without our active market-makers, we would like most Pink Sheet companies, that barely have any trading volume.

In response to your second question, there is no relationship between EFGO and UBSS.



Share Holdings in Global Vision Holding, Inc.Posted in Uncategorized, Investor Relations at 7:03 pm by Andrew Edwards

QUESTION:

You said: If they [GVHL] raise funds through the sale of shares, our position will be diluted. I said: So if the above is true, we could be diluted to only 2%, I thought we own 23% non-diluted shares.

RESPONSE:

Our current interest in GVHL is 23%. If GVHL raises additional capital by selling equity, our position will be diluted in equal proportion to all other shareholders. Presumably, additional capital will also translate into a higher market value for the Company. We would then have a smaller percentage in a more valuable Company. Of course, you should keep in mind the stock warrants Esprit received issued in conjunction with our loan agreement to GVHL. This provides the opportunity to increase our holdings based on the current market value of GVHL stock at the time of conversion. These warrants are discussed in greater detail in our original press release of July 5th, 2007.



Proprietary Versus Third Party SoftwarePosted in Uncategorized, Investor Relations at 6:07 pm by Andrew Edwards

QUESTION:

Does Esprit own the source code to all of its products? If not can you specify which ones it doesn’t own the code for?

RESPONSE:

Our financial Services products are a combination of owned, licensed, and strategic partner agreements. Our philosophy is to take the most pragmatic approach to developing these products and services. We will often trade upside profits for a lower cost of entry into a new category. We periodically analyze performance, and, if warranted, will bring additional technology in-house or develop our own proprietary solutions. Appropriate disclosures will be made in the Company’s financial statements.