Flexpower Inc. (FLXP)

[PayDirt!]

Town Hall update...

08.27.07Jack Chang
Posted in Announcements at 8:57 pm by Andrew Edwards

Jack Chang is no longer affiliated with the Company in any way.The Company had formally requested full documentation be provided regarding the contracts and strategic relationships he allegedly made on behalf of the Company.

We are now satisfied that none will be forthcoming. Some of the previous press releases issued by the Company were based on written assertions made by Mr. Chang.

We were not prepared to make any official statements until we had provided Mr. Chang with every reasonable opportunity to clarify his actions and support the claims he made to the Company regarding the electronic funds transfer services that were supposedly in place. Upon Mr. Winters return to Canada this week, he was able to confirm that Mr. Chang has not responded in any fashion to our requests.

Over the last month, senior management has stepped in, and pro-actively identified alternative service providers truly capable of providing the financial services claimed by Mr. Chang. We are moving forward towards bringing the projects previously identified within the Chinese market on-stream as quickly as possible.

The situation is regrettable, and management has tried to respond as quickly as possible to mitigate the damages as much as possible.




Share Price and Reverse Split
Posted in Investor Relations at 8:30 pm by Andrew Edwards

QUESTION:

Ok, we’ve touched .0001 so where are the updates on Town Hall? I can’t
believe the PPS has gone from .0017 all the way down to .0002. Unless there
is some huge fat contract out there I don’t see any chance of getting out of
this hole without a R/S. What are your feelings? What’s the ace in the hole
or is there one? Weeks ago we were led to expect a 10+ PR that never
materialized. Are we on our last leg rolling the dice one last time all or
nothing? Honestly now (if that’s possible with you being an employee on the
payroll for IR) will we pull out without having to do a R/S?

RESPONSE:

We are not looking for a reverse split to address the stock price issue. We will do it the old fashioned way, with meaningful results. We have committed not to issue any fluff PR. Management will be back in town by Wednesday. This will allow us to catch up with all the developments.It is unlikely to expect huge news in the next week or two. That doesn’t mean it’s not coming. Some of the China developments were delayed - see the next post re: Jack Chang. However, Robert Xu has turned a couple of business projects into even bigger opportunities. And yes, opportunities don’t mean anything until they become reality.

Which is why we haven’t been issuing Press Releases… yet.

Share Prices and China Development
Posted in Investor Relations at 8:13 pm by Andrew Edwards

QUESTION:

I picked up another 15mm shares today. I feel like it’s a very good investment. Why don’t investors just buy more at these levels instead of complaining all the time? How are things in China? Any other interesting developments? Thanks for all your help.

RESPONSE:

China continues to look great, and we’re moving things forward. I guess because we haven’t issued any PRs in the last couple of weeks, people feel the party is over.Quite the contrary. We just can’t talk about anything yet, and won’t be able to until the contracts are in place and business is being transacted.

Note: Our people are returning home this week, with tomorrow being a travel day. Full management meeting is scheduled for Wednesday. Don’t expect any big announcements after the meeting. We may release some news if possible.

Will there be big announcements? Yes, but not immediately. However, the bottom line is that the only thing that really counts in the short to medium term is our top-line revenue.

If shareholders can’t wait for news and they sell their shares that is their right.

If they are selling because there aren’t a steady stream of press releases and momentum behind the stock at the moment, it becomes a self-fulfilling prophecy.

But please take note: we are not folding up our tents and walking away. The best is still before us, and we are proud of the progress we are making in developing viable business opportunities that will take this Company to new heights.