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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (2931)	6/24/2010 10:49:09 AM
From: Jibacoa	1 Recommendation Read Replies (1) \| Respond to of 3722

MIPI started with a good UG and went through the resistance at the $2 level. The stock is up 61.25% on volume of > 3.9M >5x its ADV bigcharts.marketwatch.com MIPI announced yesterday that it has received a third extension of its waiver agreement with its Bond holders, allowing debt restructuring discussions to progress.<g> In spite of better revenues in the last 4Qs, the L on the 1stQ was larger. However, the EL for 2010 is around $1.75 vs. $2.64 in 2009 As mentioned, the ACTAY is $2.50 And with some good news and provided it won't have to file for bankruptcy, it seems it could get back to the $4 level.<g> bigcharts.marketwatch.com Bernard