Check SEC Form 4 filing today.
It's obvious looking at yesterday's volume.
You want to lose all your money you invest in a feltl ipo. It works everytime.
Well, then it seems that you've stumbled upon a guaranteed money maker - no?
If what you say is true, then I suggest you go find every Feltl IPO, short them all, and by your theory you should be a millionaire in no time.
So, tell me you're shorting ELMD at $1.40/share.