firsova, I am sure I don't need to speak for Graham, as he...

firsova, I am sure I don't need to speak for Graham, as he speaks so well for himself, but when I was a PXUPA holder, I certainly had an interest in the business of Paperlinx, just like ELDPA holders have an interest in what Elders is doing. One can't separate the two- Paperlinx and PXUPA, imo- the former does inform the latter, after all.

I also presume Graham's motivation is to want Paperlinx to do the right thing, and look after PXUPA holders, just as ELDPA holders would hope Elders get their act together to do the right thing by ELDPA holders. PXUPA has supported PPX to keep afloat, so dealing with PXUPA should be one of the first priorities of Paperlinx, in my opinion, even though I am an ex-holder of PXUPA.

Think of PXUPA holders as akin to a bank, who make murmurs if the debt is not paid back. Or, similarly, think of PXUPA holders as equity, wo are seeing the value of their equity erode. For PXUPA is both a form of equity and debt.

firsova, any criticism of Paperlinx by hybrid holders, will not change the SP one bit. Nor will any criticism or praise by Paperlinx shareholders. There are bigger things afoot, in my opinion, and that is the need for PPX to raise capital, and the upcoming PXUPA remarketing date of June 30, 2012.

Graham, I notice PXUPA had some buying support on Friday, and went up by a few %. One day I may be back in there with you, although remarketing is several months away, and the outcome of that is not clear either. Appreciate your posts, Graham.