Don't kid yourself, Price isn't in this out of the goodness of his heart - he's in it for the money.
Speaking of money, Paperlinx has mine and I either want a return on it or I want it back.
Surely you are not buying all that hogwash about fixing the hybrid issue driving improved commercial terms and supporting the recapitalization of the business? There's nothing stopping Paperlinx bringing forward a proposal to recapitalize the business and putting it to both common and hybrid shareholders.
If we are fool enough to accept the conversion of our hybrids, we can expect to be asked next to choose between administration and massive dilution. I would rather sit tight.
PXUPA only.
SRS Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
