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Sipex Corporation (SIPXE) Message Board

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  • dmxistheshit dmxistheshit Nov 17, 2005 7:45 PM Flag

    2 Upgrades In The Past Week

    That was in the filing this morning which stated up to $5M in inventory write-downs could be added back for purposes of achieving the minimum net worth requirement. I am no longer in this stock as I finally exited last week at a painstaking oh 60% loss. This stock has been my worst investment ever, even though it has had potential. My only hopes are it drags a little lower and stays there so my 30 day window can come and pass and maybe i'll get back in.

    The main question I have from today's filing is why the minimum net worth requirement for 9/30 was waived??

 

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