NEW YORK, April 21, 2014 /PRNewswire/ -- Monarc Corp. (OTCBB: MONA) is a shell corporation. The company has not issued any press, nor filed any OTC disclosures since 2009. Trading in Monarc shares has been virtually absent for years and the price remained at $.0001/share (par value). Since March 28th of this year, average trading volume has been 58 million shares per day and the price has hit $.0044/share.
Recently information has become available suggesting a relationship between Monarc Corp. and Flex Power, a private company. The officers listed for both companies are the same and the address for both companies is the same.
MONA's corporate status was re-instated on April 9th by the State of Nevada, listing Rasheed Smith and Bejan Esmaili as active officers. The same two people are the founders of Flex Power.
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