Jul. 7 at 1:58 PM
$PLX Strategic Interpretation
These are not passive index funds blindly holding. They are event-aware, valuation-sensitive, and capable of applying internal and market pressure.
Their presence raises the cost of misbehavior by Dror—especially now that PLX is in the Russell 3000, increasing visibility.
Retailers with 500K+ shares can combine into a powerful informal voting bloc. While they can’t file 13D or 13G, they can escalate to media, analysts, and regulators, especially if collusion or stealth dilution is suspected.
Dror’s 3.7% is vulnerable. Most of that was granted, not earned. If his stewardship causes harm, he can be marginalized with enough push.
Key Risks for Dror:
Whistleblower pressure is real and increasing
Tutes will not allow unforced dilution just before catalysts
Retail control of float is stronger than usual for a small-cap biotech
Elze likely won’t cover for poor governance — he's a strategic asset, not a buffer
