Flexpower Inc. (FLXP)

[salix51]

Perhaps I'm wrong, but doesn't the press release state that one share will be given for every 1000 shares outstanding. Aren't outstanding shares the part of the 10.4 billion shares that are for sale on the market?

Your thoughts?


My evidence.

"In order to complete these aforementioned transactions, together with the previously announced pending transactions the Company is undergoing a recapitalization process. The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position."