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PKKFF - Medmira: From Functional Bankruptcy To Canada's Biggest COVID-19 Hype Stock
Peak Positioning Technologies Inc
A little more than two months ago, Medmira Inc. (MMIRF) (MIR.V) was functionally bankrupt. It had a significant working capital deficiency with dwindling cash and traded at a penny or two on the TSX Venture, making financing options extremely difficult. Then with the COVID-19 outbreak, it found a way to leverage its diagnostics technology into becoming one of the hottest stocks trading on the TSX Venture. It has jumped from as low as $0.01 to as high as $0.89 in this short period of time. While there may be some merits in its