proposal, page-24

GrahamCC,

I dont really follow your logic, PXPUA is a hybrid/debt instrument and was used to raise capital for ppx, nothing more nothing less, in itself it does not create a return on investment.

PPX on the other hand is paperlinx which is a business thus generating returns on investment (albeit in the current environment it is not).

NOW the only way you can get your money back (capital & distributions) (other than being bought out at a cheap price) is if PPX makes a Profit. PXPUA cannot make profit becuase it is NOT a business (It may well be one day if PXUPA changes to PPX). We have to wait until PPX can start making a profit.