Replies to post #21876 on Praxsyn Corp (PXYN)

[namtae]

PXYN & TPS in negotiations means they are no longer in business and no agreement exists between them.

The fact the old agreement was allowed to terminate without either a renewal or revised agreement in place suggests these two companies are either far apart or bigger problems exist.

That may very well have something to do with TPS sending back their preferred shares.

[Rhenarium]

I don't think you understand the meaning of 'safe'.

Would you jump out of an airplane with a parachute that didn't work if your parachute repairman told you he would try to fix it before you hit the ground? The SAFE assumption is that he would not fix it in time and you would die, and the safe DECISION is to not jump. The assumption might turn out to have been WRONG - the repairman might himself jump out of the airplane with your parachute in hand and fix it before reaching the ground.

Other examples:

1) PXYN and TPS currently have no contract. The safe assumption is that PXYN currently is getting zero revenue from TPS. This may or may not be true. Perhaps they are continuing to work w/o any contract while they negotiate a new one.

2) The release says that are continuing to negotiate. To be perfectly blunt, this may or may be true from a practical perspective. PXYN could say they are negotiating even if they knew the chances of success are close to zero. If your lover dumped you, and you call him/her, and he/she hangs up on you and tells you to get lost, you could still honestly say you're trying to get back together (i.e., negotiating). You have no reason to think they WILL negotiate a new contract. The fact that they let the last one lapse is pretty telling. So the safe assumption is that they will not negotiate a new contract. Again, this SAFE assumption may turn out to have been FALSE.