Flexpower Inc. (FLXP)

[kermit42]

OK, let's say there is (was) a single shareholder out there who bought a billion shares at, say, .0003. That's $300,000 invested.

And they got wind that the company was going biotech and so sold slowly over several weeks and made about 2.5-3X their investment.

It seems to me that someone with that kind of money in this stock would have their finger on the pulse of management. You don't turn your back on that kind of pink sheet money.

Where would they get such a crazy idea then? Why did they sell rather than check it out? And why did it take weeks for the company to notice and contact the disruntled major shareholder?

This doesn't sound right.

What would Occam say? My guess is Occam would say the stock had a huge run and then went into the normal consolidation period. Nearing the end of that period, there was a symbol change that temporarily locked up most people's shares for a few days. With demand static or slightly raised by the change-induced MOMO, and supply artificially cut short by the symbol change, the stock price rose for a few days.

Then the symbol change was complete, people's shares were freed again and supply rose to meet demand. The stock price moved back to where it was before the change (where it would have been all along absent the symbol change), and now we sit a bit longer because, instead of moving in to EFGO because of its future potential and current stability, new money is spooked by the artificially-induced "retrace".