Replies to post #63150 on Flexpower Inc. (FLXP)

[kindo]

Good points and yes you could be right but shouldn't an update or wouldn't an update be investor friendly at this point?

[ratso1]

"Question: could they have done this in advance of some one buying up enough shares for a take over? and Keeping from raising the A/S yet again."

Well, the document that created the preferreds was signed back in February. I don't have the exact date in front of me at this time, but I'm pretty sure it was before the filing of the increase in the A/S to 11B. So, it looks as though they created the preferreds, or at least initiated the plan to issue the preferreds, and THEN they increased the A/S.

So, if your theory were true, then they would have never needed to increase the A/S to begin with, because the preferreds would have squashed any takeover attempt.

Remember that we were told by someone that they needed to increase the A/S to forestall a potential takeover, right?

Hmmmmmm...

"And is it possible that the company holding the shares is partly or all owned by efgo?"

I suppose it would be possible, but what would be the point? The whole purpose of creating super voting shares is to wrest control of the company away from the commoners and deliver it into the hands of a select few, or just one, individual(s).