On July 8, 2008 Jesop & Lamont updated their BUY rating on MIV Theraputics to $20 from $2 following the reverse split. Sounds good to me, now for some cash flow from the company to get things moving. It's got a long ways to go from $1.75 to get there! See Below.
Makamai
MIVT is replaced by MIVI and the reverse split impacts the issued and outstanding share count as indicated below:
On June 30, 2008 MIV Therapeutics effectuated a one-for-ten reverse stock split and ticker change as of the market open. The split is designed to improve marketability to institutional investorsAs a result, we are adjusting our price target from $2.00 per share to $20.00 per share and maintaining our Buy rating. Our Investment Thesis and Stock Valuation are included herein (See the link for the complete article) http://www.mivtherapeutics.com/_resources/articles/070808-Jesup-Lamont.pdf
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