Originally Posted by
Baa_Baa
There is an obvious, but surprisingly not mentioned here, discrepancy between the CEO's update 28 Sept $7.1m ACMR and the HY Report $6m ACMR (30 Sept basis).
I hope the company clarifies this quickly as both are a very long way from guidance of $10m ACMR. No wonder the SP is buggered on the buy side with bids at half of the current SP! PLX had plenty of good warning, make guidance or get hammered.
PLX really do need to start considering how their market messaging is being interpreted by shareholders. To introduce consideration of a 'buy out' option in the HY Report is imho a white flag capitulation to the more than obvious puppet master Microsoft, who are making plenty large $ on their Plexure Azure hosting, probably way more that Plexure make themselves.
The minnow in the shark pool. It really looks like that it's almost all over for PLX as a listed company, but way too soon. Hopefully Scott, VIX and the Directors aren't open to selling at such a modest return on their current vested capital and forego the prospects and future of the company by selling out.
That would also f*** all current shareholders at the current SP. Why on earth would they even mention, let alone consider a buy out! What a cop out!
Maybe Microsoft do a white knight buy out at 5x or 10x SP ... seems unlikely, why would they at historical low SP and bids at half SP??. More likely they corporate raid PLX with a modest few % above current SP. Despicable!
Scott and Phil need to get on top of this quickly, their company and their future prosperity, and shareholders, seem destined to being highjacked for a pittance, unless they deal to it now.