pretty clear message , page-5

Oh come on, don't be so negative.

If you include the accrued unpaid distributions which are payable on redemption or takeover etc, and knock out the 6% PXUPA that have been sold into the PPX offer so far, PPX only owes PXUPA holders $287M.

Now provided Price can get PPX to a market cap of $1.158B, then he will be correct that PXUPA (at redemption cost) at that time, would be 25% of the value of PPX.

All he needs to do is to increase the market cap of PPX by 4,300% and he will be proven correct.

Don't want to be one of those "wining" PXUPA holders, so go team!!!