Replies to post #77341 on Flexpower Inc. (FLXP)

[snow]

hepticus

Good attempt! Than for trying! If this intepretation is correct we will get 10 % of the Chinese company. I don't find that impressive in view of projected profits for Good Life of $ 6 million next year. If the deal means that we give up the other reverse mergers using shells the value in relation to next year's profits is not much more than the value to EFGO of one reverse merger. I just don't see why this is seen as a tremendous deal for EFGO.

[ratso1]

Nope. The deal was worded to us as "$5,000,000 in special financing through existing preferred shares and common stock."

It doesn't say "equivalents" of $5mm. It says $5mm, as in cash. The way I read it, the cash was financed by EFGO through existing preferred shares. Now, there is only one person on the planet that has the capacity to do special financing via existing preferred shares. Do you know who that might be?

P.S. I really don't know for sure myself, I just know the name of the entity that he hides behind.