is pxupa a buy?, page-3

huge vol on fri - panic selling really.
clearly some feel that dist will not be paid.
l am not sure as the loss for PPX is not that big, and they have finance in place.
however when it comes to the step up l think they will baulk at the higher rate, and they cant afford toconvert to shares as too dilutional, so it is likely they will cancel then, unless the european side picks up........its been a long wait.

l think PPX should be a t/o target at these prices and PXUPA could be paid back in full in such a situation, possibly. worth a punt imo.