MiddleBrook Pharmaceuticals, Inc (fka MBRKQ)

[Madclown]

Welcome. You make some valid points. The increased volume with a downward bias in the share price certainly does give me some pause. I always like to see price increasing with higher than normal volume, not the opposite. I also did not like the idea of going to arbitration because of the increased timetable coupled with the potential for several months of additional cash burn. I would have preferred a ruling last week so that the Plan of Reorg could go forward, sooner rather than later. Now it looks like we have to wait until November to even see the first iteration of the POR.

My guess is that even if we get a POR in November, we probably can't get an equity distribution until the PAR claim is finalized in January or February 2011. I can only guess, but the timing of the selloff on Friday might have been by someone who didn't want to be holding securities that are essentially dead money for the next 4 to 5 months. It is true that there has been some nice bid support but there has also been some overhead resistance so it has been frustratingly rangebound for months on end. I think equity is still "in the money" here but holding this stock is not a "risk free" proposition and it requires a ton of patience.