Yup - and Snakk was worth at least $1.00, remember?
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Yes, was of that opinion until Maccas bought into this company. Think they may have turned a corner with that backing from such a big corporate. Anyway, time will tell.
PS - Unless they dramatically change fortunes, its never going to be $2, however in saying that it might reach $0.90 target within a year or two if all goes as per plan.
I have seen big companies like IBM put money (yes, that's the correct term - rather than investing) into small companies so that these companies continue to develop the software & service for them - until the inevitable happens.
Suggest some of you do a bit more research into why a multi-billion corporation like Maccas put a piddly $5m (rounding difference) into a company.
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Whatever Macca's intention of investment in PLX was, its importance is that it has removed PLX's biggest risk which was to lose their biggest customer. Now with their biggest source of income hanging there stable and for longer, future is up to their development of technology and new customers to be signed up. In my opinion, they should be good enough to be valued at 90c at this moment. It is just a matter of favoured by the market or not....
Yup, they lost new potential customers in the fast-food restaurant industry but their customers have not been in this industry only such as Ikea and 7 Elevens. That's why I put the technology development before the new customers. Macca's investment could be beneficial to PLX's reputation as well.
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