'Regardless of what happens with or to PPX, the PXUPA maturity date imposes a legal obligation to do something soon, and at a price closer to $100 than $30'
Graham, you've been following this situation much longer than I, but isn't an option to reset? I don't see how this would get us to a price closer to $100.
It always makes me nervous when a large holder becomes an anxious seller. It makes me wonder what they know that I've missed. I'm remembering when Goldman liquidated a big position in BEC. They simply hammered the sp, and I wondered why. I found out, though.
btw your chart in the next post didn't show up for me.
Regards
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