Agree Deadfish but problem is how do PXU's realise our $$$$?I am...

  1. 462 Posts.
    Agree Deadfish but problem is how do PXU's realise our $$$$?

    I am not aware of any levers for PXU to pull? Further, as PXU is "classed" as "equity" on the balance sheet, my understanding is PPX can run this down beyond $0 and they are doing a good job as shown below....probably all PPX equity gone by now and eating in to PXU

    Year Ending 2013 2012 2011 2010
    Common stock 1,896k 1,894k 1,891k 1,896k
    Accum losses (1,687k) (1,573k) (1,276k) (1,148k)
    Treasury Stock (124k) (150k) (156k) (100k)

    ~ PPX Equity $85k $170k $460k $650k

    PXU Equity $277k $277k $277k $277k



 
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