EnSync Inc. (ESNC)

[Makemoneymonay]

I’m still pretty optimistic, but I was a little disturbed by the bump up in volume on the ask today. I have a feeling they might be trying to shake weak hands loose, or some creditors might be trying to keep the price down so they get a bigger portion of the company in a shares for debt swap.

I’m hoping that May 20th hearing goes well, or we get some kind of equity committee formed. Also hoping the old CEO rescues the company. That 60 million share volume traded between 10-15 cents over a few days just two months ago also suggests someone with deep pockets thinks this’ll be worth something.

What’s got you feeling so optimistic?