Praxsyn Corp (PXYN)

[nsomniyak]

Where do you see a 'toxic" overhang?

We all know there are convertibles, but understanding the terms is important.

If there are convertibles at fixed conversion prices such convertibles are not "toxic" - you just figure out the pro-forma fully diluted position (in terms of both cash and shares) and decide whether that sounds good to you or not.

That is not "toxic".

Toxic is when you do not have fixed conversion prices, instead, you have something like "will convert at 90% of the average price over the last xx trading days". Show me that kind of language and I will accept "toxic". Without it, the convertibles are not "toxic" and you language is simply intended to sow some FUD.

I have not researched the PXYN convertibles in detail. I am willing to be educated, either way.