Forget the convoluted conspiracy theories. Maybe the...

Forget the convoluted conspiracy theories.

Maybe the organization changes are working and PaperlinX is actually turning around its business. After all, the MD has recently stated (18 May) that solvency & liquidity are not issues.

Maybe there is a simple takeover afoot & note-holders will be dealt with fairly.

If there isn't a takeover afoot, distributions will continue to be paid for reputational reasons; and cannot be thwarted by banks as there are NO interest rate covenants on borrowings - FACT.

Contrary to popular misconceptions, the global paper industry isn't dead - check out the chart $DJUSPP which is the Dow Jones US Paper Index. The global leader in paper & packaging (IP) seems to be doing OK too.

Why make things complicated? Anyway; what is, is. Nothing will change between now and Tuesday.

Keep life factual & simple.