pigs, page-25

YES, because apart from sitting with a quill I correspond with like minded PXUPA holders. I've no doubt PXUPA holders nearly have the numbers now, and will be over the line well before any firm proposal hits the table at Scoresby.

Austted: You seem to have faith in Orbis which is not apparent to me. All that ORBIS hold is a bucket full of losses.

They are in no man's land:

(1) Don't want partial realisation of assets because funds go to PXUPA
(2)Cannot buy more as near 20% threshold
(3)Cannot sell at current prices

Only proposal is a 10 year moratorium on distributions and dividends. Very creative.

Fact is that Orbis got too greedy. They were selling down in early 2010 (not lightening as you countered previously) then apparently bought the Marchant vision and started rebuying in late 2010. This was fully documented by me some time ago.

Mistakes happen and I genuinely feel sorry for them. They hold a stale carrot, not a whip. This will be resolved by equity, not rhetoric.

HOPE isn't a strategy. If you care to read my blog you'll see some critical commentary regarding the two top operational guys at PPX, Marchant & Creighton. I believe this was alluded to by Macwhinney (Orbis) in interview on 7 Sep 2011.

There are many disgruntled guys & gals at PPX worldwide.

PPX cannot reduce costs because:

(1) "Reshaping" paper wholesaling is expensive due to redundancies
(2) "Rapid diversification" is also expensive due to recruitment of staff with different skill sets, stocking and time lags.

Others here understand the reality. PPX's position gets worse by the day. And, Companies under siege rarely trade well.

Commend reading "What’s the difference between Kodak and PaperlinX?" posted last night. There is only ONE difference.

Blackpete: You're a funny man. You should be on the stage ... boom boom. As a holder of PPX you'll certainly need a sense of humour.

Good luck to all - we live in interesting times.