Replies to post #86638 on Flexpower Inc. (FLXP)

[Rover_az]

Uh - dude, it's a reverge merger WITH a reverse split.
Quit saying there is no RS

[Soapy Bubbles]

Link:
http://biz.yahoo.com/prnews/080101/to293.html?.v=62

Quote:
"In order to complete these aforementioned transactions, together with the previously announced pending transactions the Company is undergoing a recapitalization process. The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position."

Comment:

That's an RS. Right in the PR itself w/ a link to prove it. The RS is part of the RM deal and that's all there is to it. Try reading the PR.

[jordan73]

i don't believe its a r/s either reason why is because i haven't seen reverse split or r/s in none of the pr


http://goodlifechina.com/townhall/
hold about 500000 shares - how does this work?

Do I get a 1 for 1 exchange when all the papers are signed?

Thanks

RESPONSE:

There will not be any share exchanges. You will continue to hold your stock in EFGO without any changes resulting from the acquisition of Esprit’s assets by the fully reporting Pink Sheet Company.In addition, there will be a distribution of shares in the new fully reporting Pink Sheet Company in proportion to your current holdings. As the share structure of the new Company will be different than Esprit’s, these shares will be issued as a percentage of your current holdings in Esprit.