Flexpower Inc. (FLXP)

[KRS_Investments]

QUESTION FOR THE BOARD

on Monday , May 19, 2008 05:00ET press release titled Monarc Corp (MONA) Announces Thailand Operations

Full article
http://app.quotemedia.com/quotetools/newsStory.go?storyId=10309020&topic=MONA&symbology=null&cp=off



It says
"In other company news, the company acknowledges that it is currently in negotiations with an Asian group who are interested in investing upwards of 7 figures into Syscon with exclusivity provision for China, Singapore and other Asian territories. The deal if consummated would see the Asian group acquiring the controlling block of MONA stock, all of its debt, the preferred shares and ultimately refocusing the company direction into the Asians group's core business. Mr. Garr Winters the company's secretary and advisor said, "We have seen and met with the Asian group on several occasions. MONA revenue and operations is dwarfed by theirs. This deal has been in the works for several months now with our corporate advisor spending the last 45 days in China working towards an acceptable arrangement for both sides; for us one that would eventually give our stock price some serious lift off"."

The question I have is, was the Asian group listed above the same group that placed the private placement announced on Friday at 1.5 cents?

If not is there another Private placement in the works? To invent over $1 million in MONA.

Just a note: the statement "for us one that would eventually give our stock price some serious lift off" was made May 19 before the market open. So going off the last market day was Friday May 16 MONA closed at 0.01 cent