Its Flamingo's time to fly!, page-31

People that haven't been here since day one forget it's history....

25/1/16 - Agenda Acq complete - Cap raise @ 2c for 180 million shares

Stock traded between 1.9 and 2.3c till Mid March

Mid March till Mid April it traded between Mid 2's and Low 3's

Traded between 3c -3.3c between 20/4/16 till 3/5/16 (About 25mil shares traded)

Then 4/5/16 - Traded between 3.5 and 3.9 and was suspended at about 2.30pm

What this means is.....

1. - It never got an opportunity to soak sellers in the Mid 3's pre Acq
2. - Many would require funds after 7 months for other activities (IE non trading related)
3. - Many that bought at 2c Cap raise perhaps took some profits as they are up 100%


What does this all mean?

Well for starters we traded just over 80mil all at 4c or above - soaked quite a lot of the above supply

Lets see where the next few days take us.....when supply ends (which it will) the SP will start moving north again when people focus back on the prospects of the company and not what other shareholders may do!

Also I encourage all to share there research here of the company I have spent a long time on it BUT I would love to see what others have found or there opinions

Cheers

GT