SRS PXU

re: Ann: PXU: Change in substantial holding f... Also correction...

  1. iona
    756 Posts.
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    07/02/14
    12:09
    Post #: 12905007
    re: Ann: PXU: Change in substantial holding f... Also correction to the second para:

    Further it would be terrific for PXU if Coastal converted as they then would have a big incentive to get the company going and their stock may overhang the market improving the default convertability of the PXU remaining. The PXU remaining would still enjoy priority, with fewer of them to split the spoils and what firsova calls a debt instrument that on paper at present converts not at 250 to 1 but some 2500 to 1.
    SRS Price at posting: 3.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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