OptimizeRx Corp. OPRX
OPRX recently bottomed out near 1.00, and has been steadily inching up to its current level in the low 1.30’s.
We talked about OPRX back the second week of August, and outlined its long term appeal. After a run up and subsequent consolidation which gave us the opportunity to scoop reduced-price shares off of the bottom, we are now starting to see strength returning to the stock.
We still like OPRX’s long term look, and believe that a favorable 10-Q (due to be filed presently) could really give this stock a push in the right direction. We believe that this Quarter’s filing is going to be an improvement upon the last, so we are excited to view the document, and will certainly share any good news with our readers.
On September 30, 2011 a final arbitration award (the “Award”) was issued by an American Arbitration Association (AAA) arbitrator. According to the Award, OPRX is entitled to recover $202,500 from Beringea on the claim of gross negligence, and $88,000 for the costs of enforcing the agreement, including attorneys’ fees and expenses.