oppies, page-18

Geeesus,

how much has management misread their corporate action ..... ords contionue to fall, while oppies hold up. obviously people selling ords to buy long term oppies. only ones who benefit are those who got free oppies in the underwriting .... all this could have been avoided had they gone along demonics train of thought .... a bonus issue for existing ords holders at time of options expiry ... then the nlong termers woud have stayed put and they would have got more cash in. they have destroyed the value of this shareprice for what ... a few extra $k to people who have hung around for two seconds ....

on the plus side, someone obviously sees value in the oppies as a leveraged investment into PBI ....

management: deals please to justify your recent actions.