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  • tigerpac tigerpac Oct 22, 2010 5:43 PM Flag

    S-1 Just Filed Fletcher Selling

    Remember the S-1 that was filed on August 10th.....

    <Fletcher International is offering for sale 19 million shares of ANTS>

    So far since the volume has picked up, about 10MM shares have been traded. Usually, the OTC double counts the shares (one buy and one sell) but even if they haven't and we assume that ALL shares traded have been Fletcher's, they are only halfway done with their selling.

    Ouch!

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    • The last four days (10/23 - 10/27) has had 5.4 million shares traded...so that brings us up to 15.4 million shares since Fletcher started selling (unless we assume that OTC has been double counting the shares).

      On the bright side, the shares price is holding pretty steady during the past week or so even with the pick up in trading volume. I'm guessing that the stock will be seeing a major promotion (pump) sometime in the next few weeks as market makers (or someone) has been accumulating too many shares down at this level..

      <Fletcher International is offering for sale 19 million shares of ANTS>

      <So far since the volume has picked up, about 10MM shares have been traded. Usually, the OTC double counts the shares (one buy and one sell) but even if they haven't and we assume that ALL shares traded have been Fletcher's, they are only halfway done with their selling.>

 
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0.005Feb 21 3:33 PMEST