Level$ Lemmings

[levelnever]

Too bad for those who can't read between the lines :) Personally, I don't think it will hurt at all, it may help us. Keeping away those who can't understand what's really going on and probably shouldn't be in the stock to begin with isn't necessarily a bad thing. I'm much more for educated traders who can read the tea leaves.

As for INVX, it is bankruptcy related, but I personally think it's better than a Q, because INVX itself is not in bankruptcy. The benefits of a successful restructuring for their subsidiary is the great part and it's minus the pitfalls that most Q stocks because the commons aren't at risk of being cancelled (as the parent is not in bankruptcy). The bankruptcy filing and other filings pretty much spell this out, that the subsidiary is going through the bankruptcy court at the moment not the parent:

On March 30, 2010, Innovex (Thailand) Limited, (“Innovex Thailand”) a subsidiary of Innovex, Inc. (the “Company”), filed with the Central Bankruptcy Court in Thailand, a voluntary rehabilitation petition under the Bankruptcy Act for Business Rehabilitation in accordance with Thailand Law.  The petition, dated March 30, 2010, was formally accepted by the Thai Court on April 2, 2010 and the decision on the final acceptance and approval to reorganize the business in accordance with the petition is expected to be provided in June 2010.  The petition filing pertains to the restructuring plans of the Company’s subsidiary, Innovex Thailand and does not extent to cover its parent, Innovex, Inc.

On January 22 2010, Innovex (Thailand) Limited (the "Borrower") received a letter dated January 14, 2010 (the "Letter") from TMB Bank Public Company Limited ("TMB") relating to debt obligations to TMB. The Borrower is a subsidiary of Innovex, Inc. (the "Company")

Just a sidenote, in looking through the subsidiary default filing I actually believe the move by TMB Bank Public Company Limited may have simply been a negotiating tactic with Standard Chartered Bank in the debt purchase transaction they were working through at the time.

From the same default comminique between TMB & Company:

As previously reported by a Current Report on Form 8-K filed January 7, 2010, the Company entered into a mandate letter on January 4, 2010 with Standard Chartered Bank (Hong Kong) Limited ("SCB"). The mandate letter relates to, among other things, SCB's possible purchase from BAY and TMB of the outstanding debt owed by the Borrower at a discount from the total value outstanding. SCB is currently in discussions with TMB and BAY to reach an agreement on a purchase price of the debt.