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

TX_Mike · 2008-10-27T15:59:46.7230000Z

Darlene, I know you are relatively new to this party. I didn't catch the top but I did capitulate at around $0.016 but since I had been here since they were EFGO, my cost basis was over $0.80. Management of Mina Mar companies perpetually talk of great things but that is all they have done is talk. They talk the talk but don't walk the walk. I even held through their R/S on the promise that the GLCC dividend would be worth $0.70 which would have brought me to near break-even. They even said something about a non-dilutive clause placed on the dividend shares which led me to believe that it would hold the $0.70 value but that did not happen. In fact I still cannot sell my GLCC dividend shares at any price because my broker does not recognize them as validly related to GLCC. Furthermore they are restricted and the restriction has no difinitive date when it will lift. They are just worthless placeholders in my account and that is all I got from this company from my over $40,000 investment. Oh yeah, I guess I did get almost $500 back when I capitulated. FYI, when this company was EFGO they diluted it up to 14 billion shares before the reverse split. Accordingly the new A/S and O/S was 14 million but they soon increased that and diluted again. So if over 200 million shares are now O/S, this is comparable to 200 billion shares of the old stock. So long shareholders never had a chance. All I can say is if you believe the stories from management of Mina Mar companies, just be prepared for them to walk away with the money you invest on them. Oh and you might think everything from the past does not apply to the golden future and new management etc but that is a big part of their game. Wash, rinse, repeat. Common pinky story. This is the wild west down here. I learned the hard way. Good luck. All posts are only my opinion.