the australian - andrew's current position, page-37

I suppose one has to work out what the priority of the new board will be , and what role each person will play .

At present Andrew price is the only liklely survivor long termer on the board , and Dave Allen must be nervous about his longer term future as interim CEO

One can only assume the new board will have a common theme , skin in the game of PPX , whcih Dave Allen does not have after 15+ years with PPX .

Either he has been in a lock out period for 15 years or has no intention of putting his own money in line with those he acts on behalf of

One day everyone hopes PPX will return to profit and see dividends reinstated , so in my view all the board needs to have skin in the game and desire this just as much as the current PPX holders and hybrid invrstors

To do this PPX must address the hyubrids by either reinstating distribution and or repaying the $100 per note ( little chance of that in the short term ) , merging the 2 , or buying back shares in the hybrids as the Boon board intimated at the last presentation .

At 6.5c a share and $10 a note the stocks are trading at a big disocunt to past levels so the jury is out