Midatech Pharma PLC (MTP)

[tykundegex]

MTPH in London is priced in GBX which is pence (1/100 of a pound). MTP on Nasdaq is an ADR, representing two ordinary shares, so it should be double the London price (adjusted for FX conversion).

And a prior poster was right.. the shares just bought by China Medical Systems were bought at 3.85 pence, or $0.10 per ADR. Today's Nasdaq action pushed ADR's to over $0.50, which is a HUGE premium over the last London price.

Regardless of this crazy action today, the company remains hugely undervalued. They now have cash in the bank, a licensor in two markets they weren't likely to focus on anyway, and some runway to focus on moving things forward in the US and Europe.