Flexpower Inc. (FLXP)

[Stratey]

Earning increase...yes. Due to cost-cutting.

I applaud that. A good management team will cut costs when revenue is decreasing or remaining flat. In this case, the revenue was flat. The revenue from operations increased approximately $10,000 from the first quarter...Just as Garr mentioned in his 7/25 Town Hall address. I guess that town hall message was accurate.

Is this the sign of a growing company? Of course not. This is a company in survival mode right now. I remain hopeful that we'll finally get that 10+ PR which will signal a SIGNED CONTRACT with REAL REVENUE PROJECTIONS.

Was I wrong. No, I was NOT wrong.

Also, I'm surprised at the travel expenses. They sure did a lot of traveling based on PRs. Did they go by skateboard??