Ann: PaperlinX 2015 Interim Results Release, page-6

Another woeful result from PPX.

It sounds as if the major paper mills in Europe have conducted their own strategic review, determined that PPX adds no value and eliminated them from the supply chain. Seems like a smart move.

PPX response is to sell one of the two remaining profitable business units to raise cash to continue to fund the business. 'Burning the furniture', as we like to say.

I hope the new CEO brings a sense of urgency since the current situation cannot continue for long.

PXUPA only. And no, thank you, I have no desire to exchange these for worthless PPX shares.