Down but NO WHERE near out.With the markets treading into the red, it's no surprise that MPE has seen a decline over the last couple weeks when there has been no news or updates to really speak of. People who trade on the TSXV have a very short attention span and I am sure some have viewed this as a company that is going no where fast.
It is that short sightedness that can be very costly, and those bailing at these lows often will be the ones piling in when there is news or the company makes a good run. Not a good investment practice. I know it is disheartening seeing market values plummet but one must really focus on the long term prospects of the company. We do know that there are more than a few "deals" in the works for MPE, and at exceptional values.
This from a company right now with a $8M+ market cap is ridiculous! Perhaps this is not the best time for a news release, in the midst of the turmoil that is emerging from the Europe debacle, but the time is drawing near for MPE to rise from the ashes. While I won't even hazard a guess on share price, but I would agree that once the news rolls in, and into next year, the share price will be dramatically higher.