EnSync Inc. (ESNC)

[Makemoneymonay]

It does seem like the rise in price from June to mid -August was driven by an uptick to moderate volume, and the price drop off since then has been on much lower volume. Nobody seems to be eager to offer any large number of shares for less than 1.5 cents.

They’re keeping the bid low so they can hopefully shake a few weak hands loose.

We haven’t had any court filings in nearly a month. Perhaps something will come soon.

If somehow Ensync resumed operations or merged with a partner and the market valuation was $6 million, then the stock would be worth 10 cents. Mind you, they had a book value near $15 million just last year.

There could also be a cash disbursement to shareholders, after they auction assets and sell IP. Even a $3 million disbursement would equal 5 cents per shareholder.