Replies to post #86655 on Flexpower Inc. (FLXP)

[Soapy Bubbles]

Yes. You had a RM -- agreed. (That's not up for debate since it's obvious.) But the cancellation of shares and reissuing (as in the quote I posted) is an RS. No wway around it. When it happens, you'll get the 1000:1 ratio and that's the RS.

It's an RS since the number of shares you HOLD will be reduced by a factor of 1000 upon the RM. That's what the PR says.

[Rover_az]

Uh - the capital reorganizaton took the form of a 1-1000 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:

The italics is your RS. No arguing w/ the news provided by your mgt!

[breezin_chs]

11.28.2007: Goldfish swallowing a whale.

Esprit CEO Garr Winters said, 'We are tremendously excited about this merger, which takes both companies to new heights. Good Life is growing at an incredible pace, and we have been extremely impressed with their business models, as well as their incredible growth rates. I would like to thank all members of our respective teams for their commitment and diligence in making this deal happen. This merger can best be described as a gold fish swallowing a whale. The sheer size, infrastructure and upside potential of Good Life is simply overwhelming. In my opinion with this merger firmly in place the sky is the limit for our newly formed company. The opportunities in China are just staggering and with this merger and with Ms. Dongmei Jia in the driver's seat we see a huge upside for the company and our shareholders.'

Good Life founder President and CEO Ms. Dongmei Jia has said we are extremely pleased with this merger as well. Although the two companies do business in 2 different countries our services are similar for the sub prime market. We both shared the vision to bring the linked businesses together through modern means of the Internet for the rural development in China. After six months of full time communications, negotiation, and meetings the two sides agreed to cooperate in the reorganization and the merger, believing that the two sides will further expand their business, and achieve even greater development for the benefit of the shareholders. The merger of Good Life with Esprit and our current logistics, business development and rural structures will allow a rapid development of trade and financing channels for the Good Life lending business services in the rural areas. The addition and experiences of Esprit bring us new concepts, a new business model (payday loans) and advanced management techniques for building a greater company and a great organization.