Originally Posted by
silverblizzard888
Its a great day, great announcement, but my worry for this stock is that the convertible note will overhang here if they did their business with the wrong people. At 41.5 cents thats $5.2 million of shares they have with a initial cost of $1.6 million, so fingers cross they don't sell down. Thats why companies should never do convertible note deals, never a good sign for a share price. 12.5 million shares issued and even on a great day like this only 1.4 million shares turnover, so I think they will slowly be unloading at these levels given their 245% gain in profit.
However barring this issue, PLX is performing very well and hitting all the right notes, enormus future ahead of them. Going to be market darling one day!