Hi NOR,
PIF has been wound up. Its units are, as you say, worthless and unsellable.
By contrast, ARL is alive and well. Its shares trade on the NSX. I am no longer a director of ARL, but it appears that the directors of ARL have confidence in its future.
Time will tell whether that confidence is justified or not.
Best wishes,
Fred Woollard
Ann:Change in Director's Interest, page-3
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