what is pna's real vaule, page-11

Segura,

Just to add to my last post, I have tried to add some numbers where relevant but the key is the GSJBW debt. The debt is due in March, there will most likely be a 90 refi period and then default....kapow! That US$80m is the timebomb and they are scrambling. Just read one of my posts yesterday to see why. PNA said themselves in a release that they are engaging other banks but hey guys it is okay. Well, if it is okay then why are you engaging other banks. No, my bets is GSJBW has already said "we want out". They will make the Soup Nazi on Seinfeld look like Mother Teresa!