Flexpower Inc. (FLXP)

[stervc]

EnergymanNY, about your thoughts…

I noticed the volume a time or two going off at the bid too. It seems that if it was the company dumping, then the bids would have been wiped out a long time ago considering the amount of volume that went through. Still, it should never be overlooked. (Knock on wood.)

I do think it is very important CHNW don’t gag the TA. Transparency of the OS is a must to confirm no dumping of shares. I had not the chance to verify such from the TA. As long as the OS don’t start increasing, then I think it would be logical to consider that the huge volume “might” be the company buying back shares since there is huge volume going off at the bid with the bid maintaining its price level.

I am guessing this because Rule 10b-18 from the SEC requires that a company buy back shares at the bid. I’m a little rusty on the rules, but please review FYI…

See Section 3 Price of purchases; Parts i and iii in particular in the link below:
http://www.law.uc.edu/CCL/34ActRls/rule10b-18.html

See also Section 3. Price Condition, in the link below:
http://www.sec.gov/rules/final/33-8335.htm

Nothing much, but it would be nice if they are buying back shares and retire them back to the Treasury. If they are lining up certain contracts for their FOREX ventures as we anticipate, then they definitely know that buying back as many shares as possible at these levels is vital for enhancing its fundamental valuation. This is what the larger investors want to see if I had to guess.

I do have some other thoughts and comparisons to share that I had not the time just yet to verify before posting. I’ve been a little busy as of late, but I will make a better effort to do so in a timely manner to help people to see the potential that “might” reside here with CHNW while I think its very early with CHNW with yet a little more time.

v/r
Sterling