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 Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

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To: Jeffrey Beckman who wrote (107977)5/24/2012 3:29:22 PM
From: MikeS977072 Recommendations   of 111110
 
There was a significant amount of MSEH convertible debt that was converted. Supposedly the convertible debt has already been sold into the market and was a big reason for the downdraft. Since that supposed point which I believe was in the last week or so, the stock has moved up a little bit. Perhaps now it can move up.

Another reason the stock moved down is some confusion that was created when the 10-K came out and they didn't amend the Q3 10-Q until a while after that. It made the Q4 results look disappointing until the amended Q3 10-Q was out. In reality the Q4 results were good.
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