pigs, page-49

Thanks Boomer and ASF,

Good comments as always from you both.

Depends on whether you consdier PPX will pull through or not. As a PXU holder, I'm not overly concerned either way and hope all works out well for PPX holders.

The scenario I was looking at for PPX holders was where PPX survives and removes PXUs for any consideration.

The trigger I see for PPX holders at the moment is the opportunity presented by the low PXU price where PPX may be able to drive a good deal on any PXU buyback.

If PPX implodes then PPX holders will get $0 and PXUs will get less than face value but I expect upwards of $40 depending on how full the vultures get and what tricks get played.