a share swap?

“AFR is suggesting that Hybrid holders will end up with 40% of the company , at 6c per PPX that equates to about 120 shares. I think that is a disgusting amount of shares to issue to the Hyrid holders , if the company simply waits 12 months and returns to profit then 40% of the total company value might be massive”--- Romatique

“If you had a $285mil interest free loan, what would you do? I'd keep it on the books for ever. PPX arent concerned about PXUPA market price or redemption. So holders need to just wait now. If things turn for the worse then maybe take something instead of nothing. But until that day comes its all just hypothetical.”--- nathanblack

“Shareholders own the company no buts about it. Hybrid holders and banks own the debts, sure they may have a claim on the company assets income but there is no influenceing or controlling stake. Hybrids and debt holders do not have the ability to remove the board or vote on anything. They however can try to influence the shareholders to vote one way or the other.”--- Quackie1