"Proposed amendments to the PaperlinX SPS Trust constitution PaperlinX notes the announcement made by The Trust Company, as responsible entity of the PaperlinX SPS Trust, on 1 October 2013 in relation to a request received from 5 Hybrid security holders to amend the constitution of the PaperlinX SPS Trust. The proposed amendments adversely affect the interests of PaperlinX as they relate to removing PaperlinX’s right to determine the Realisation Method(as defined in the Hybrids Product Disclosure Statement) of the Hybrids,and the Company intends to object to them in accordance with its rights under the PaperlinX SPS Trust constitution"
Would seem like they will fight the requisition as per the constitution?
Also like how they are laying they groundwork for us against them battle. And mentioing the 15% limitations on realisation and perpetual limbo.
It will very much be a long drawnout chess game and possibly in the courts.
SRS Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
