cone of silence - peace, page-20

I find the use of words by the PIGS committee quite clever

When referring to the market cap of PPX at te time of the PXUPA issue the $285m the cash contribution made 5.96% of the market cap atthe time

PPX holders have lost far far more than PXUP holders , yet the PIGS committee refer to the CONTRIBUTON made by current pXUPA holders at that time as if it now should be used to be the basis of the split of the asset on a share buy out

One of the disclosures of the PIGS committee was one of the olders confirmed he was a top 100 holder, another said he first bought in in 2011 , and as I understand it Graham has been in and out of PPX and traded PXUPA from wat I recall in the conversation I had with GrahamCC recently over coffee at the crown casino

I think if the committee of PIGS are so concerned about Andrew Price meagre contribution to his own shares , all 3 commitee members should disclose their own perosnal holdings and the contributions each of those peop;le made , if CONTRIBUTION is the key word

I bought on PPX as high as $2 , but recognise they are not worth my contribution , they are worth what they are trading at

Likewise my PXUPA cost / contribution was around $10 , but are not worth that , really how many people who own PXUPA in the last 3 years did so based on what the prospectus said 5 years ago

That said I thought the webinar was informative

I really hope PPX do make an offer to PXUPA holders at a premium to the market but not some number that will ruin the PPX shareholders holdings.

After all we have lost more, and PPX board has an obligation to the business here not PXUPA holders before them