Why would you think PXUPA investors may be 'caught up' in Babcock or Gunns hybrids?(did either have hybrids by the way?)
Are you suggesting 'fools' shouldn't be protected?
Get into reality.There cannot be a CR until the deal is done with PXUPA investors.No arguement.
The PPX sharehoilders are in a very weak position and there is no point suggesting to hybrid holders to bend over and take it because that strategy won't work.If the company is cactus, then the ordinary shareholders will get ZIP but hybrid holders MAY get something.No arguement.
Oh, by the way, as I understand it, Andrew Price has punted a pathetic half a million only.Hardly a huge amount for him.He's probably getting this back in salary and living in Chelsea.Incentive? Dunno.
But, in fairness, he is probably our best chance for any return after the 'Melbourne mafia'left us in rags.
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