Ann: Trading Halt , page-9

  1. 1,050 Posts.
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    For PPX holders, rejoice! Your board has offered to buy back its debt at just 16 cents in the dollar-an offer any bank with security in excess of that would sneer at. Or maybe us 'common people' should ask for and expect the same deal regarding our bank loans. Just make sure you sell all your bank shares first, just in case they decide to accept.

    For PXUPA holders, beware! It seems from reading the announcement that the PXUPA that PPX purchase will not be cancelled, but retained, thereby giving PPX voting rights in PXU affairs. Trying to kill us from the inside as well as the outside. So don't buy and flip PXUPA on the premise of a small profit as long term it will be to holders' detriment.
 
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