buying, page-21

GNS was a disaster for all concerned as their management simply wasted all value for PPS and ordinary holders.

On the other hand even though Babcock and Brown Infrastructure (BBI) was a basket case they arranged a sale and paid their PPS holders $41 ish (by memory, part in cash with balance in shares) and also paid a few cents to their ordinaries.

Sure PPX is different but the BBI example showed what can be done even in dire straights.

Whilst agreeing the best outcome for all is a turn around (and as per your post I hope this occurs) - but if this does not become evident soon then sell it off and make some offers to PPS and ordinary holders ie as BBI did.

I personally would like to see some value realised (the BBI case) for PPX rather than a slow death with $0 (the GNS case).

Currently PXUPA only