Replies to post #76612 on Flexpower Inc. (FLXP)

[PayDirt!]

Qestion; when the private company pays for the shell(who is us) Who gets the money if we have merged?


The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a share exchange agreement. At the closing the public shell company issues a substantial majority of its shares and the board control to the shareholders of the private company. The private company shareholders pay for the shell and contribute their private company shares to the shell company and the private company is now public.

[euniverse1]

Nice post, good reading. I just hope that they decide to cancel the shares instead of doing the other thing.

[joshm6691]

Anyone has the updated share numbers?? interested in buying.
Outstanding Shares:
Authorized Shares:
Float:
Number of Shareholders of Record:
Thanx
Josh

[ratso1]

Uh-oh #1:

"The private company shareholders receive a substantial majority of the shares of the public company (normally 85% to 90% or more)..."

[ratso1]

Uh-oh #2:

"The company can do a private placement immediately."

504
505
506

[ratso1]

Uh-oh #3:

"A reverse merger is an indirect route to raising capital."

Yet another delicate euphemism for the "D" word.