Flexpower Inc. (FLXP)

[War_Eagle215]

This would indicate that they are going to have their hands full for the next month and a half!

We have a lot of work ahead of us. The only reason this agreement is classified as a LOI instead of a firm deal is under Chinese law a special purpose (SPC) company is required and in addition the above existing GroupCo must be split off, and the stock returned to MONA treasury, and then reissued to the SPC. Under normal circumstances this type of transaction would take anywhere from 10 to 12 weeks to complete. We believe we can complete this task within the next 4 to 6 weeks, because of our past experience with the Chinese companies. We are aiming for a closing date of no later than July 15, 2008.


I am curious where the price will be by the time they complete this deal