MMRGlobal, Inc. (fka MMRF)

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xanadu Member Profile xanadu Member Level

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Thursday, February 09, 2012 3:09:25 PM
Re: Question post# 43288
Post # of 43542
Old post kinda sums it up. FVRL was a biotech that morphed into MMRF with little known value. MMRF has went about the medical records business while the old biotech assets(?) are waiting in the wings.
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bigblue72 Member Profile bigblue72

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Thursday, May 29, 2008 4:15:29 PM
Re: None
Post # of 43543
Bad news to say the least...

FVRL 0.10, -0.05, -33.8%) were still in freefall, down almost 40% to 10 cents a share. The stock was crushed Tuesday after it announced it was pulling the plug on its lead drug candidate due to disappointing Phase III clinical results. Favrille shares had been trading at almost $2 a share earlier this month.
On Thursday, Favrille said it will lay off 132 of its 144 employees, including six of its eight executive officers, as a result of the product termination. The employees will be officially terminated on June 6.
Favrille added the remaining employees will focus on managing the company's cash, assets and technology "for the benefit of Favrille's creditors and shareholders." End of Story