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Impax Laboratories Inc. (IPXLE) Message Board

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  • tredleon tredleon Aug 5, 2005 9:43 PM Flag

    Serious question- *is* there a reason?

    The answer is right there in the press release - their auditors won't make a call on how to recognize the revenue because of the pending call from the OCA and they can't file the 10-K without an audit opinion. And until they file the 10-K they can't file the following Q's. I'm guessing that the SEC gave them the impression that if they were working diligently toward a resolution, they wouldn't yank their listing. The sad thing is the accounting issue is a trivial one of timing- it is not a question of how much revenue is recognizable, but in what period. Their auditors were such wimps they couldn't even make a call on that and so the stock gets hammered? I look at this as a buying opportunity.

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    • Leon: I look at this as a buying opportunity.

      Do yourself a favor and check it out with the ez0ne system. It will show you best buy point!

      They cover all stocks, update nitely, give you next day and week entry and exit zones.

      Very useful info, you could have been back into cash b/4 this drop today.

      Better luck next week!

    • I hadn't been watching closely; that press release did tell [most] of the story.

      It does seem weird that it's almost like one governing body (SEC) said 'don't worry about it, we'll work together and find a solution' - and then another (NASDAQ) just yanked their listing.

      Maybe it *is* a buy time, though I think I'd wait a little. I'd imagine the 9's will be here early, maybe even Monday?