Encorium Group Inc (fka ENCO)

[thesmalls]

four significant trading days this year. back in early march there was a day where 1.5MM shares traded and then later in march a day where 400K shares traded. then in early april a day with 350K shares. then nothing until 10/4 when 3.5MM shares traded at $0.017. the last share count was only 5.27MM shares and that passes that amount. even if the earlier trading in the year was a hedge fund yanking things around - the 3.5MM was clearly someone securing controlling interest in the shell. the question becomes - why?

i wondered a long time ago if the BK was just a means to recapitalize later and buy up existing stock to start again. could be the former split entity in sweden will reemerge as a public company by taking over the shell. would definitely give the primary investor a direct path to recover rather handsomely the millions he was plowing into the company while it was tanking.

i certainly am not convinced to buy but i am rather intrigued on what the play is here.