Replies to post #68094 on Flexpower Inc. (FLXP)

[ratso1]

There you go... Minaco doesn't have the preferreds, because the credit line hasn't been drawn on, but they will give the shares they don't have to Garr, who will in turn sell them back to the company at a later date.

It's the corporate version of "Hot Potato".

[PayDirt!]

Brian I don't think they have ownership, think they are just answering the question. the questioner states it as if it was a fact.


The fact that Minaco is transferring ownership to Garr shows there is no deal where if EFGO pays the loan then they get there shares back as indicated before. Was the credit line ever even used??