re: plx - those in watch list land
PLX have been trying to do a deal as in a 'back door' float & have looked at 400 odd deals so it seems they are a fussy lot & want the best possible deal for shareholders (I like that bit).
The monthly reporting of cash flow in an ASX requirement & they have of late only ever had about 1m in the bank with tax losses of 12m(another bonus).
So I deduce that as we have some mkt action 'something is happening'. We were told at the AGM that maybe all going well late december could be an ann. Well 2/3 weeks on & maybe .....................
On the above assumption then PLXO appears a bargain around 2c.
PLX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held