Another article on this from Proprint: http://www.proprint.com.au/News/389618,price-to-paperlinx-see-you-in-court.aspx
A few quotes from Andrew Price:
“As a top ten shareholder in Paperlinx, I am gravely concerned about the value of my equity while the issue of the hybrids is neglected,” he says.
“In my opinion, putting the European businesses into administration and ignoring the hybrid issue is going to have serious consequences in the future for equity holders as all of the residual value in Paperlinx has now passed to the hybrid holders.”
