Originally Posted by
Baa_Baa
Neither are particularly likely.
PLX is in deep with Microsoft, very deep. There's no need for MS to acquire PLX when PLX are completely reliant on MS technologies underpinning their platform. Very unlikely any other party would acquire PLX while MS have such a dominant technology influence and could tip the boat anyway, anywhere anytime they want to. There will be no Angel exit for the major shareholders.
There's no way PLX is listing on NASDAQ either, they are a very long way from the minimum listing requirements. Maybe one day, but not anytime soon.
What punters might want to do some research on is:
- why there are no new customers for years? Maybe they've been busy rolling out McD's, IKEA and 7-Eleven, but what would we know since they stopped communicating the important stuff to shareholders ages ago.
- who noticed that the brains trust has also left? I'll leave it to you to figure out which technical minds have moved on to new ventures, those were the brains that envisaged the strategy, the app, the platform and the back-end architecture. All gone.
- making a profit is easy, if you downsize the personnel expenses and rationalise the sales capability (maybe an indicator for both of the above) while modestly growing the revenue as existing customers stores are rolled out.
- where have all the other customers gone? The website lists only three now, there were some big names that are no longer mentioned.
Dig deeper. DYODD and you will perhaps discover why this is still a 15-20 cent share. It is also a target for nimble traders who know how to scalp a 50 - 100% profit in a few days or weeks off the back of gullible investors who know nothing about the company except that its shareprice suddenly seems to have gone up a bit.
I reckon Balance will be along shortly to remind us all about the checkered history of this company, it's backdoor listing, how the promoters have made more money than anyone else.
:D