re: Ann: PXU: Change in substantial holding f... Act 2 LOL PXUPA...

re: Ann: PXU: Change in substantial holding f... Act 2

LOL

PXUPA holders that elected to decline the offer will hold priority over the PPX if the company is placed in to administration .

If you are investing for that reason you are nuts

PXUPA holders now will have to wait 3 years + and hold on to their zero coupon bonds so in my view the price will depreciate back to 100 for 1 as it has done historically since its issue .

PPX holders are NOT even thinking or have any desire for PPX to pay a dividend for at least that period if not longer , PPX now have no need to engage with PXUPA at all , they tried and failed , and PPX must now do as they stated and that is to spend all the boards and management time on the business , repay debt and return to profit

If they do that the share price will rise and the multiple will reduce .

If not all is lost for both instruments