Breach PXUPA Terms - Litigation, page-3

Unfortunately this argument has no legs.

SPS holders are dependent on SRS to keep the trust listed and operating. Note the auditor's comments about their doubts the SPS trust continuing as a going concern. The SPS Trust does not have the funds to litigate, nor will SRS fund a case against the parent company.

Also note preference shares are issued by an LLC domiciled in the US. If push comes to shove, SRS could dissolve the LLC and hence the extinguish the liability. This would of course depend on historical agreements between the entities etc.