Good response, Graham.
Clearly, Price is going to need to give up control to PXUPA holders if he wants to do a deal.
The only thing I can think of that might sweeten the deal for PPX holders and entice PXUPA to take more of a haircut would be if Price can bring in a cornerstone investor to underwrite the rights issue that hopefully would accompany the share swap.
first, understand the facts, page-8
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