The first $285M goes to the PXU (including what the Company has...

The first $285M goes to the PXU (including what the Company has got under the 250:1 nonsense bid). Agree the Company has signs of recovery but still the PXU convert at closer to 2500:1 than 250:1. They opportunistically put a derisory bid out knowing there were signs of life. The next attempt at opportunism needs to be 1000:1 otherwise the PXU may hold out and no dividend will ever be paid the PPX.