Flexpower Inc. (FLXP)

[PRAE]

They said EFGO will get 10% of GL. It's true.

But let's say EFGO pays the $5mil lender with *all* its pref. stock. The lender would then own roughly 50% of EFGO but at current pps, EFGO would still owe the lender about $4mil more. In this scenario, EFGO could cover the balance by paying the lender 40% of the 10% of GL stock EFGO would soon own. This would leave 6% of GL stock to distribute to shareholders. About half (3%) would go to common stockholders the other half would go to the preferred stockholders (the lender in this case).

Lender ends up w/ 7% of GL stock for their $5mil investment. We all would split the 3%.

IMO.