Las Vegas, NV -- (SBWIRE) -- 03/18/2013 -- MiMedx Group Inc (PINK:MDXG) announced today that company is facing multiple inquiries about trading activity that took place last week where by share price of common stock dropped.
MiMedx Group Inc has done some investigation that revealed occurrence of short selling last Thursday and Friday. Price was manipulated by some brokers through Yahoo chat room and Twitter. The Company plans to open information to FINRA, the SEC, and a law firm to deal with such activities.
The Company makes iterations in financial goals of 2013 initial quarter and revenue target is set between $10.5 and $11.5 million. The anal revenue to be achieved is between $50 and $60 million.
MiMedx Group Inc is engaged in research, production, and commercialization of regenerative biomaterial products made from amniotic membrane of humans. The company’s technologies contain device technologies HydroFix and CollaFix; and the tissue technologies AmnioFix and EpiFix. The company works mainly in America where distribution is carried by independent distributors.
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