pigs: break up ppx; demerge; make pxupa equity, page-2

I suspect asf now that Andrew Price has more control I do feel if they do a deal with Hybrid holders it will be at a large discount to the $100 face value.I can't see Andrew Price doing a deal yet with Hydrid's until the company is profitable.I would not expect they would pay Hybrid's any interest until the company sees profits.If a cornerstone investor comes in they will be looking for discounts look at SYM even the banks have been pressured to forgive $10 mln otherwise the cornerstone investor would not put their money in.The banks had to take a hair cut otherwise they would lose the lot.