Replies to post #54225 on Flexpower Inc. (FLXP)

[R-money]

Only if they sell them then it is income from sale of business investment, otherwise it SHOULD show up on the balance sheet. They seem to show consolidated statements so it should be on the quarterly report, but under the assets of the balance sheet section. I didn't notice it on the last one, but they would list it as some sort of investment, they may not list the name of companies.

I am an accounting student as well as finance, and worked in accounting at a bank during high school, but I am not sure how they would list this, maybe Stratey could shed light. for GAAP (assuming they follow it) do you list market value for ownership in other companies, or is the mark to market rule apply? I cannot imagine they value the companies at what they THINK they can sell it for.

[jerseyboy]

Assets aren't included on a P&L, but they could include them on their balance sheet if they are indeed assets of EFGO and not some other entity. They would include gains from the sales of the shells as they occur if they were to sell them for more than they bought them for, and would of course include the retained percentages of the shells after the sales as investments on the balance sheet.

[Allinxxl]

Yes these are all assets.

I know they are holding back LOTS! As much as I hate to admit it Statey is right on some minor and unimportant points but I think the company is doing that within their legal rights and there is a reason they are not disclosing all the revenue and all the assets.

I think know why they are not showing everything. That’s a great move!

Lets just let them run the company.