ferrymanau
We don't disagree. The question is how much effort is one prepared to put into the turnaround?
My plan is transparent:
A/ Bring together the PXUPA Holders. This has been done with suX, PIGS and now the Investor Committee with the RE.
B/ Change the culture through changing the the senior management - a WIP with just two more ducks to drop.
C/ Assist the new management wherever possible - I talk to Price but am not wedded to him (Mary is).
The two challenges are:
1/ Turning around the business which is complicated by people's egos and nothing else; and
2/ Fixing the capital structure which is a pragmatic financial matter. Here, PPX hold the votes and PXUPA hold the preference, plus a few more bullets yet to be fired.
Something will crack very soon, well before the AGM. I detail this in the recent post on suX - New CEO?
There will be a day sometime before the AGM when PPX & PXUPA are both good speculative buys.
What many people think is that the board will right their own wrongs without pressure. Pressure needs effort.
Pretty simple really!
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