price slide, page-75

I still believe my idea of a 200 for 1 offer by PPX to PXUPA would be in every ones best interests .

Yes PPX is heavily diluted , however the

6 month high for PXUPA is $35

6 month high for PPX is around 1/200th of that

6 month MA is about 1/200 th of each others SP

If the PXUPA liabilty was gone , I am very confident that PPX would re rate towards 15c ,and give PXUPA holders far more chance of capital and dividend recovery ie around $30

To think PXUPA are worth $100 now is wishful thinking .

Likewise to think PPX are worth 50c + as they were when PXUPA were $100 , or 1/200th is also wishful thinking

Together there is a good chance for all particpants , staying apart Grahamcc and starting hate campaigns will only bring external winners , ie the hedge funds and capital opportunistic private equity firms .

The more negatives the weaker PXUPA shares and PPX share will trade

As you can see with turmoil between the parties neither share is trading at the indicative offer prices which imo is an offer that only has a chance if there is turmoil

If however the parties came together I believe the offers for PPX , with pxupa holders a part of it would be significantly higher .

Just a thought putting on the hat a predator might wear

Pay a premium if you can get control

Offer a discount if there is going to be a war and hard yards ahead to gain control

I hold both .