Flexpower Inc. (FLXP)

[ratso1]

Nope. The deal was worded to us as "$5,000,000 in special financing through existing preferred shares and common stock."

It doesn't say "equivalents" of $5mm. It says $5mm, as in cash. The way I read it, the cash was financed by EFGO through existing preferred shares. Now, there is only one person on the planet that has the capacity to do special financing via existing preferred shares. Do you know who that might be?

P.S. I really don't know for sure myself, I just know the name of the entity that he hides behind.