Replies to post #44100 on Biotech Values

[Praveen]

PLX: Acc to their latest 10K, their valuation is at 2.056B$. I thought the mgmt were a little arrogant with their replies.

On March 15, 2007, approximately 65,657,181 shares of the Registrant’s common stock, $0.001 par value, were outstanding.

[genisi]

Most of us agree (including off record talk with people who work for PLX) that the current market cap is way to hight. It become this hight simply because there is no real trade with the stock yet. My guess is that PLX will first announce the beginning of phase III and some time after that they will issue more shares. As soon as they do that, we'll know the real MC.