Finch>I understand that PXUPA stands in front of PPX.However...

Finch

>I understand that PXUPA stands in front of PPX.However PXUPA does not stand in front of banks and are the assets worth what they say.In a Fire Sale whilst taking on water and paying out liabilities PXUPA has every chance of being worth $0

I agree. This point has been made before. If the administrators are called in any residual value which might have gone to PXUPA is likely to evaporate. PPX and PXUPA really have a symbiotic relationship and in my opinion PXUPA holders would do best to sit tight and encourage Andrew Price in his efforts.