new lows, page-12

The real irony with PXUPA is that far from being hard done by, people who held when they got their last distribution ( was it 10c ? ) we're extremely lucky given how the company has traded since.

Of course, that created the expectation that future divs would be paid too, and in hindsight the board of directors got it horribly wrong.

So if anything PXUPA has had one distribution too many, not too few, and the loser from that has been PPX ordinary shareholders, because PPX is that much closer to going to the wall.