I would suggest that everyone trust in profits at this point. I think PXYN has long-term potential but without guidance from the company we really have no idea what they intend to do with their share structure. It bothers me that they put in place an attorney to facilitate communication with the public. It's a strong, defensive move and I have to ask why?
Velocity of outstanding share structure expansion is accelerating. I dislike that the O/S continues to expand. Relative to the Broadridge announcement, we've seen another 70M shares added to the O/S.
To my fellow longs: I understand management is making improvements. I agree with you, on absolute terms. They are consistently, intentfully improving fundamental positions to their debt structure and balance sheet.
But company improvements don't always translate to value generation for common shareholders. Don't confuse forward progress with friendly intent. Yes, this company has long-term potential, without a doubt. But will they carry the common shareholder with them?
This is the fundamental question each of you should be asking. Do they care enough to not wipe out the common? What actions have they taken to indicate their intent?
All I've heard on this subject to date is Silence.
I intend to play the swings from now forward, holding a minimal long position, until PXYN comes clear.