Post by
KingOfSpades on May 13, 2022 8:28am
EP trades like a microcap pump-n-dump
EP closed at 24.7 on 6th May (last Friday)
EP reached a low on 9th May (this past Monday) of 18.08 (down 27%!) before closing at 19.46 (down over 21%)
Yes the S&P was down 3% from 6th to 9th but astonishingly this massive drop in EP occured with NO INCREASE IN DAILY VOLUME above the mediocre 60k-share average daily volume of late
This is not remotely how a $400m+ market cap stock just uplisted to the NYSE should trade. This is not an investable characteristic for a company like this. It shows something is very very wrong with the liquidity and share structure of this company - that when a real owner (there must be some) takes just a few small chips off the table the whole thing lurches to one side. Consistent with what we have been saying for a long time - this is a charade with shares being rotated amongst a coordinated group of friends/family/colleagues controlled by the Mulaceks