Flexpower Inc. (FLXP)

[ratso1]

I think right now is the time when the certs are supposed to be cancelled. That would mean that the huge short position--estimated upwards of 4,000,000,000 shares--will have to cover.

So, maybe the stock will go to $5.00 if over 1/3 of the OS that is being shorted simultaneously covers, right?

That would all happen when the stock starts trading again--next Tuesday? Could be interesting...


"That is why we are taking the extraordinary step of cancelling all certs and reissuing them to shareholders who can substantiate their ownership. This is intended to shake out the phantom shares that have been shorted. With this cancelation looming, they have to close short positions, or they will be flagged as failing to deliver - which becomes a serious problem for them. The clock is ticking."