pigs: break up ppx; demerge; make pxupa equity, page-5

Heya finch. Yes- the first steps of the turnaround story with SYM. I have seen so many turnaround stories/basketcases on the ASX- some do well, but it takes time. I am in SYM now, since they announced the capital raising. Debt forgiveness/bailouts provide some relief, but I think it will be suitably priced when they raise capital. I don't know if PPX will do the old "recapitalisation"- it would be safer if it did.