Replies to post #1955 on flooidCX Corp (FLCX)

[MagnetLover]

And additionally, it is not uncommon at all for individuals to form new business entities prior to starting construction on large developments, nor is it uncommon for individuals to create new entities when engaging in new business activities

I agree. However, you can't execute a contract pre formation of those entities as stated in the press release. Recall:

May 6th

today announces it has executed a Manufacturing and Distribution Agreement (“Agreement”) with ARC Energy, Inc. (“ARC Energy”), located at BCS Prime Building, Third Floor, 2297 Chino Roces Avenue, Makati City, NCR, Philippines. The Agreement was executed and made effective on March 28, 2024 with funding committed on April 30, 2024.

This can't technically happen. Agreement executed in March and the entity formed in May?

Also 500 000 units, at the conservative price of 25 000 USD per unit (we don't know where they are located) is 12.5 bn USD. Which is significant, and I can't fathom a reason one forms the entity which is supposed to co develop with PNOC a $12.5 bn project in May when construction is supposed to start in Q2.

This doesn't add up for me.