afr - paperlinx cops investor’s ire, page-4

As a PPX holder the distribution should have been put on hold long ago. All investors of hybrid instruments should be fully aware of their terms and conditions.

If PPX can barely keep its head above water, why should they be paying distributions to hybrid instruements where they don't in fact have to. The reason these debt instruements were invented were to facilitate such times of crisis.

PPX are unable to pay divies on ordinary shares nor buy back ord shares, until PXUPA get their slice of the pie. When times return to normal they will get a higher rate of return, until then like the rest of us they must wait on the sidelines until cashflow improves.

When returns like 20% appear to good to be true they often are. Investors jumping in at $30 must have thought why is it I get a $100 instruement at a fraction fo the cost.

PPX this week have informed clients that they propose to increase prices around 7%. Clearly things are still tough and unless they can get the extra increase they will surely suffer.