Ann: Trading Halt , page-11

The market is the best indicator of whether an offer is fair or not .

The market has no agendas , a buyer purchases because they think is cheap , a seller sells because they think it is expensive and the last price is the correct price

At tonight's close 250 lots of .056, = $12.80 of implied value .

For all those that think the offer is terrible where is the premium in the Hybrids ?

History shows that when an off market offer is made there is usually a rally in the acquired's share price and weakness in the acquirer's share price .

Look at TRUST company as an example

Usually a strong premium is created above the offer price if there is an unfair offer or the market expects a counter offer .

In the case of PXUPA the market is still selling below $14 , and the lack of buyers at that level shows the market thinks it is fair

I notice PPX was 0.06c ( or a $15 ) equivalent just a few days ago .

Since the news it has been sold down on negativity coming from those who have the agenda to paint the current PPX board as the bad guys

The Joker label on the PIGS website is very bad taste in my opinion

The bad guys was the old board , the industry and not those now trying to give every one a fair deal

I will be buying PPX at .06 and PXUPA below $14 with the sole intention of accepting 250 shares for each hybrid and backing the PPX board to all it can to return lost capital of both PPX and PXUPA

Doing anything else will just add cost and create further losses for all those concerned