pathetictrader- too good to be true, maybe. As we know, PXUPA has been too bad to be true, and PPX the reverse. Seriously, if PPX hadn't had such a spike (NAB lessening as per ANN just out, but some party buying big), I would be rather scared. I do think the poor SP of PXUPA might mean some lean buyback. I hope!
Paperlinx doing an internal restructure might be just the thing for it. It has been utterly utterly hopeless until the last few days. Before that, it's been costing people about 90% of their dosh- no matter when they got in. A capital raising would have had to be a about 6c, when the SP was 10c. If there is a raising/recapitalisation now, at least it won't be too ruinous- at least for those in over the past few days.
Hopefully, they raise cash to keep the businesss viable, slash and burn as they have to, internally, flog off an asset or two, and buy PXUPA's for >$50. As the "stock block" on PXUPA was today @ $36.00, they might calculate what seems "fair" from there.
"Internal restructure" does not mean the businesss is going down, in my view. It probably means austerity measures.
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