Flexpower Inc. (FLXP)

[herbalife13]

trepid Reverse Merger?

Ratso,

According to this webpage, a Special Purpose Corporation (SPC) is a type of Special Purpose Vehicle (SPV) and not a Special Purpose Acquisition Company (SPAC):

http://www.businessdictionary.com/definition/special-purpose-corporation-SPC.html

"special purpose corporation (SPC)

Definition
Legal entity created to insulate the issuer of an asset based security (such as one based on a pool of mortgages) from the originator (such as the mortgagee) of the asset collateralizing the security. It is a type of special purpose vehicle."



Here's another one:

http://www.expertclick.com/NewsReleaseWire/default.cfm?Action=ReleaseDetail&ID=8840

It's in part II
"All of the following are examples of SPEs: Special Purpose Corporations (SPCs) which may or may not be Special Purpose Subsidiaries or captives; Master Trusts; Owners Trusts; Grantor Trusts; Real Estate Mortgage Investment Conduits (REMICs); Financial Asset Securitization Investment Trust (FASIT); Multiseller Conduits; Single Seller Conduits; and certain Domestically Domiciled Corporations.
"


So it looks to me EFGO set up a type of SPV/SPE and it's the better of the two.