a share swap?, page-18

The PPX share price is 6.6c buyer because thats what the market is prepared to pay for them

The PXUPA price is $8.60 for the same reason .

PPX should therefore offer PXUPA holders that wish to take a share offer of that equivalent in stock

Those that think it is unreasonable can elect to hold and wait it out and take their chances , those that want to buy in to the business can accept .

I sense that there is a high percentage of those who hold PXUPA only and have no interest in buying in to the PPX business did so for the sole reason of taking advantage of the situation rather than wanting a interest bearing investment or wanting to invest on PPX

From what I can gather the share holder asking for 92/8 was such an investor, I also sense most of the PIGS committee also bought in to PXUPA many years after their issue at the $100 mark they argue strongly as a moral value .

At least the trustee is impartial and is likely to form an opinion and give their view should an an offer arrive

If the offer is an increase on the market multiple each has traded at for the llast 12 months I cannot see how that is unfair for those that elect to accept .

I sense the PIGS committee andn others will not want to to encourage voluntary acceptance options and push for all in or none in , which as a PXUPA holder I think is unfair

I hold both .