I don't think it was tax loss selling, but a major holder for whom PXUPA is now outside mandate conditions and was forced to sell for that reason alone.
"Once/if PPX returns to profitability" suggest better words are "if PaperlinX survives, PXUPA will rise significantly".
Most people, certainly many here, have no concept about how vulnerable PaperlinX is to total collapse. I think the Board has finally got the message since Clarke went to UK.
I expect lots of activity PaperlinX between now and June 30, and wouldn't be surprised to see more Barfield initiated write-downs.
Welcome aboard as a holder.
SRS Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held