Matrixx Resumes on Exponential Volume (MTXX)

Posted in General 
June 16th, 2009

Matrixx Initiatives Inc. (NASDAQ: MTXX) was halted around 11:34 AM EST today at $8.56, down about 55% from teh $19.24 close on Monday.  We had seen trading volume of 3,439,381.  This is an exponential surge compared to the 77,000 average daily volume based on the FDA warning letter.  This just resumed at 2:55 PM EST and the stock is down even further.  At 3:00 PM EST after 5 minutes since the re-open we have a trading level down 67% at $6.28 on more than 5.7 million shares.

Jon C. Ogg
June 16, 2009

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