BFMI think your analysis has a potential flaw.If all PXUs...

BFM

I think your analysis has a potential flaw.

If all PXUs converted would approximately double the number of PPX in the market so believe reasonable to allow for 14 converted PXU per day.

Assuming your 3950 was correct then the new date would be the year 2832 - so still in the same millennium.

Another way to look at it is if all PXU's converted and were to be traded once within a 12 month period, then volume would need to increase to around 11,000 converted PXU per day or around 2,750,000 PPX per day.

....mmmm
I wonder what sort of post Graham would have come up with on this matter?