the "offer" closed 4 march 2014 .......so that isn't a solution .......
you would have noted that shareholder approvals are required for issuance > 15% ......
the simple FACT that this hasn't happened should demonstarate that PPX management (despite having stated in various ASX releases) wont adresss the hybrid issue .....
additionally - mr Price's "solution" was obviously vetoed by board (and major shareholder) ......
administration is the best outcome for this puppy ........
rgds
V_H
SRS Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
