But it's not cash, Firsova. Chalk and Cheese.I don't think we...

But it's not cash, Firsova. Chalk and Cheese.

I don't think we are too far away from the end game now for PPX. No business can keep losing money for ever, and there was probably no value in the equity even if the hybrid had converted 100%. As it is, they are surely worthless, and 4c is better than nothing.

The banks will have their excuse to pull the plug after the inevitable trading statement, and Price can say he fought the good fight but the damage had been done by previous management and those heartless hybrids.

My opinion only. It may not be as bleak as this, but without a Plan C I think it is.