Flexpower Inc. (FLXP): Post Unavailable Additional Informati...

ratso1 · 2008-01-03T17:08:24.7530000Z

The problem is, and what no one knows at this point, is what the true share structure will be. As a result, any attempt at valuation is futile and WAGing. Off the top, new management will likely take upwards of 30% of the new share treasury for themselves. Based on an AS of 14B shares, that will be approximately 4B shares. Mina Mar will take approximately 10%, which will be approximately 1.4B shares. If Garr still has his Class B preferreds, that's another slug of stock likely to be traded, which we have no way to guess. Now, if you think I'm off on these numbers, then read, read, read what happens when RS/RMs occur. The above is very typical numbers. Of course, I don't know for sure about any of it, but this is what goes on in the real world. When the true structure comes to light, we will likely be told that every share issued to management and consultants is restricted. Caveat emptor. After that, comes the financing for expansion. A reg D offering? A 505? Convertible debentures? Who knows at this point, but there will be financing vehicles of some kind, and likely combinations of vehicles. That is what this is all about. The bottom line is that there is no way to put a valuation on this stock with the minimal information than we have.