The answer to your question is yes. On Sept 11, 2009, VRML had a Q on the end due to having filed for bankruptcy. It opened at .048 and the low was .03 and it closed at 1.29 for the day and went on to $34 within months.
It's the worst non trade I've ever done. My finger was on the trigger to buy at .50 but, with that Q on the end coupled with such a large green candle I was scared it was coming right back down. I was convinced it was a pump and dump. In reality, they had a test approved by the FDA that morning. It was moving so fast I had to make a decision before I even had time to read the news. The volume spike is what caught my eye.
I grabbed the following screen shot on Wednesday?, ?September? ?01?, ?2010 2:16 PM. The Q had been removed by then. So, yes, a stock can recover from .12 cents.
Those early shareholders grabbed some nice profit. It's come down dramatically over the past nine years. If a company such as IPIX had this type of pop it would likely stay up do to moving multiple drugs into the active pipeline.
I'm not saying IPIX will do the same. I'm just answering your question. And, I can wish and hope...
In Reply to 'Rdunn88' One example out of many that went belly up at this low price... Has there ever been a biotech to recover from 12 cents? There's many more Polymedix's than the Jazz's.
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