Usa la función SendMessage de la API...
Código:
Option Explicit
Private Declare Function SendMessage Lib "user32" Alias "SendMessageA" ( _
ByVal hwnd As Long, _
ByVal wMsg As Long, _
ByVal wParam As Long, _
ByRef lParam As Any) As Long
Private Const WM_VSCROLL As Long = &H115&
Private Const SB_BOTTOM As Long = &H7&
Private Sub Command1_Click()
Dim tmpStr As String
Static i As Long
tmpStr = "Fila " & i & Chr(9) & "Celda " & (i)
MSHFlexGrid1.AddItem tmpStr
i = i + 1
SendMessage MSHFlexGrid1.hwnd, WM_VSCROLL, SB_BOTTOM, ByVal 0&
End Sub
Espero que el código te de una idea.