re: Ann: Market Update in relation to Paperli... finch2
What a load of sentimental tosh.
Your post demonstrates why this debate gets off track by ignoring facts.
Priority in relation to capital = Upper Hand.
PaperlinX is desperately capital constrained, yet it must satisfy its hybrid holders before it can repair its balance sheet.
Priority in relation to income = Upper Hand.
PPX holders haven’t received a dividend since June 2008. PXUPA holders last received a distribution in June 2011.
PPX holders cannot receive a dividend until PXUPA holders receive two distributions.
Glad we have different understandings of reality and what constitutes an upper hand. When playing poker, never bluff with a pair of deuces.
“Hybrids lucky to get $30” is an unsubstantiated guess by you.
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