"(2) This also answers the share price "manipulation". The investment banker had to keep the price down and fix it at 85cts to facilitate the 'merger'. Looking back at the broker data, I stand to be corrected, but I remember UBS was the biggest insto broker. UBS could be the investment bank/advisor. I prefer to call this a reverse takeover of EMC. In one fell swoop, RWL has gained a listing on a public bourse. Next stop, grow Fluence and list on NASDAQ. That's the ultimate destination."
A resounding yes to that point. I suspect this deal was in the wings longer than just the last few weeks and so the manipulation has been going on for the last few months.
I'm glad I didn't set any stop losses here 'cause that trading looked suss for a while.
FLC Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
