Flexpower Inc. (FLXP)

[itlogic]

Ok wait, I really wish I understood this more so that I don't ask stupid questions, but here it goes.

If EFGO used the line of credit, then Minaco gets the preferred shares... right? If EFGO closes the line of credit, Minaco gives the shares back... right? Yet, once Minaco gets the shares they plan to give a portion to Garr at some point... right?

How can they do that if they have to return the shares upon closing of the line of credit? I'm assuming that means they have to return ALL preferred shares to EFGO... right? What will happen to the portion they give to Garr if EFGO closes the line of credit?