pigs, page-32

Hi Iona,
Not sure I agree, although as a hybrid holder , I would like to.
The sword can hang there for 10 years without really harming the ords.
Think of the ords like a 10 year term deposit, no need to pay dividends if there is an expectation that the capital value of the ords is to be repaired at the expense of the hybrids.
Recognised the problem with eldpa, and a couple of others, and got out, got greedy with the pxu's.

cheers