Great post Quackie1.I think it also shows that whilst the...

Great post Quackie1.

I think it also shows that whilst the "traps" were identified in the prospectus eg distributions could be with held etc. There was not the level of knowledge or experience in the market regarding hybrids that there is today.

Apart from the top 20 list heavyweights, I know several brokers with expertise in hybrids that have PXUPA pre 2011.

Hindsight is wonderful, but for those holding PXUPA don't be too hard on yourself, as you have good company.

Let's hope PPX can turn it around for the benefit of us all, because before PPX can pay any dividends they have to pay 2 consecutive distributions to PXUPA. Whilst this may be a while away, if it ever it eventuates we will all certainly be significantly wealthier.