re: Ann: Market Update in relation to Paperli... Graham>One...

re: Ann: Market Update in relation to Paperli... Graham

>One approach that should now seriously worry you is 'white Knight' swooping in providing the cash and leaving PPX holders with much diluted equity just before things turn around.

>That’s free markets, and I especially note this for those here who constantly remind me of the “market price” of PXUPA without acknowledging all the forces at work here.

I agree. However just as you and PIGS expect a decent deal for PXUPAs there is no reason why PPX shareholders should roll over and allow a 'white knight' to pick up the cream. Perhaps we need to also get more active.