/biz/ - Business & Finance

>>1367611
I have 470 shares of PTX I got at .4589,

http://seekingalpha.com/article/3979465-speculating-pernix-therapeutics

>John Sedor has assumed the role of Interim CEO and Chairman of the Board, while the search for a permanent replacement proceeds.

>Let me preface this section by saying that while I firmly believe a buyout of Pernix Therapeutics will occur by the end of the year, there are some challenges that need to be overcome in order for a deal to be reached. The main issue being long-term debt. Note: the following information that's referenced below can be found in the first quarter filing dated May 5, 2016.
>The two main outstanding notes are the 4.25% convertible notes and the 12.00% Treximet notes

It is a gamble; company could not get bought out and I could lose a few hundred bucks, but I am going to hold em till the end of the year and see what happens. But remember, I am a poster on /biz/, everything I say is maliciously incorrect.