Firsova, you may ask but i shall not tell.
The conversion rate i propose is based on 1)both parties benefiting and 2) the price at which i bought in.
Making an assumption that the market cap after the elimination of $285 million face value plus distributions liability is $200M. The value of PPX tp original holders is unaffected as the price of PPX would not be significantly different to that of the current price, yet they now have the benefit of capital growth, distributions, redemption of a liability at half its face value and not being at the mercy of PXUPA.
Yes i understand the their control and % distributions would be significantly reduced, but with PXUPA still in play there are no distributions and 40% of something is more than 100% of nothing. In regards to control the ability of PPX to exert this control and making business saving decisions is severely hinder by PXUPA. Again removing PXUPA would place paperlinx in a better position for growth.
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