Flexpower Inc. (FLXP)

[R-money]

posted in regards to thoughts that yesturday was dilution:


I will address this,

Yesterday's action had nothing to do with major dilution since most were buys.Yes dilution does take place.

Here's what happened at around 1:30 pm and at the mid-day and mostly sideways trading at around .004 there was some profit taking that settled the price..

Then at 2:35 and when the announcement on IMJX that the increase of A/S went to 2.5 billion from 1 billion I announced on that thread for folks to take profit and move into CHNW..At approximatly 2.45 the volume on CHNW took off on 45,981 million shares..At this point there were only around 30 million traded..At 3:15 the charts indicated a sell rec.That took out all profit takers and flippers once again..By 3:30 this was done and the charts once again made a buy rec. and the volume again shot out 39 million shares with moderate buys closed at ..0032,which incendentally was a phony MM ploy to give a false picture.

In closing it was the bailing of IMJX into CHNW to account for the major volume..

It always easy to blame everything related to high volume on dilution,but in the case that is incorrect.

Yes dilution was and always will play a part in any pinky,but in the case,yesterday's was just moving funds from one entity into another.

I recommend this as a strong buy at these levels..

Have a good day
Varok