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new lows, page-9

  1. bluefurmonkey
    438 Posts.
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    14/07/12
    10:18
    Post #: 10433842
    "technically they never have to pay a distribution for note holders again" - correct, so long as PPX never wants to pay another dividend on the ords, buy back any of the ords or be taken over. All being restrictions imposed as a result of PPX's discretionary decision to withhold distributions on PXUPA.
    SRS Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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