The only one's who are missing something...
are those who are not reacting now.
MMPIQ traded 462,200 shares and closed at $.085 per share the day prior to the 6/11/10 hearings. The combination of the Modified Second Amended Plan filing, exclusivity being terminated in regards to Charlestown and Hartland, the OEC process moving forward and the resignation of OCC chair pushed the price to a $.16 close on 1,731,136 shares. It hit $.22 the next trading day on similar volume.
The next piece of good news will probably result in the price doubling. This process will be repeated again and again with the price moving to higher, new price ranges.
There is also an obstacle for "smart money". It nearly impossible for a Private Equity group to put money to work here without showing its hand. A 5-percent reporting stake is hit above 4,403,564 shares, which costs only $704,570.24. I know this first hand to be true.
Thus, potential plan proponents have to work with the OCC, OEC and C/H for a "back door" opportunity.
If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.
