Flexpower Inc. (FLXP)

[PennyMaven]

3 questions for the board, from a MONA long term bull.

I consider myself a smart investor but I don't understand 3 things in the current PR.

1. They bought Syscon for 3 million shares plus 3 million options with a strike price of 10 cents. If MONA is trading at roughly 10 cents the value of the deal in my opinion is $300,000. 3 million times 10 cents = $300,000. The 3 million options have a strike price of 10 cents, so at today's value of roughly 10 cents that has $0 value since they are not "in the money". Why does Steen refer to it as $600,000????

2. Why would a forward split be beneficial to current investors? This stock just had a reverse split to get the stock value above 1 cent; why would they now do a forward split which would take the value below 1 cent?

3. How is it possible that the Syscon shares would not participate in the forward split? Why would they agree to that when it will have a negative impact on the shares they get?


What am I missing???? Help me someone.

Is he using the term "forward split" incorrectly or am I not understanding the term?