Flexpower Inc. (FLXP)

[trepid]

The private Chinese company needs to buy the majority of shares in EFGO so they can then buy their own company through EFGO. If they haven't done that yet and a r/m is announced the EFGO stock price could go up and end up costing the Chinese company more money. But I don't really know how they buy the shares. It would take forever to buy them on the open market. If they buy the shares through a private placement I don't know if the price would be affected by the open market price. Of course maybe they just need to get their hands on those preferred shares. So it's all speculation on my part.

My thought is that since today is a month since Garr said he would have an IFGX deal done in a month and no such announcement was made, the co gave us a bone to chew on. This also ties in to an earlier announcement about the Chinese lawyer having a path to quicker shell sales in China. My guess is that the idea was to set up this SPC.