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Ecomike

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Ecomike

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Friday, 12/30/2011 4:04:56 PM

Friday, December 30, 2011 4:04:56 PM

Post# of 1435
Market cap here is $129,000 today. Last 10-Q showed $313,000 in current assets, 200,000 in cash!!!!

http://ir.manhattanpharma.com/secfiling.cfm?filingID=1144204-11-63558

Basically placing no value on the multiple biotech IP products in the pipeline. <8 million shares outstanding, PE is .01 right now (LMAO), based on a cash legal settlement they won with a prior JV partner, and a US federal grant the last 12 months, and wiped out options value, and they got rid of most of their debt earlier this year (was $2 million in convertibles from 2008, all gone now).

No one is watching this stock, it is way oversold, and there is another merger deal lurking on this one based on the latest news.

So price wise, This is a steal right here.

http://www.manhattanpharma.com/pipeline/overview.htm

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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