Replies to post #72625 on Flexpower Inc. (FLXP)

[Dougtexas]

If IR is on vacation.. does that mean no announcement this week..

[Allinxxl]

I think the delay is the SPC (Special Purpose Company) that the China Laws call for

This is what I found on SPC so far

http://flaminghoops.typepad.com/flaminghoops/2005/11/chinese_outbord.html

he goes on and states"Let us note the importance of such a statement. It clearly permits this new shell or foreign, non-Chinese entity to place funds inside China as direct investment through the new mixed entity non-Chinese entity. The specific non inclusive list of available methods are:

purchasing or replacing share rights of the Chinese side of a domestic enterprises,

Meaning, foreign direct investment shall be acceptable when it comes from a mixed equity company started by the Chinese person or individual, such that is can modify share structure of the Chinese entity itself.


This is what I think the delay is but I think they are getting it resolved IMO