pigs, page-10

firsova

I sincerely believe you totally misunderstand this situation.

The global paper/print industry is stuffed (posted yesterday) and hence its middlemen are stuffed.

PaperlinX has stuffed itself over 10 inglorious years and is now so strapped for cash it would be hard pressed to survive any minor mishap, let alone a prolonged recession in Europe.

Your obsession with turnover is concerning as little, if any, is profitable.

You talk of "legacy of PXUPA". Do some serious research and find out the true LEGACY issues in PaperlinX that are unrelated to paper manufacture. Whistle blowers tell me a lot. The CORE workforce is totally disillusioned.

You talk of NTA of 0.27. Well the average in my competition, which you can enter, is $0.041 as at 31 Dec. TRUE.

Do some research and rational thinking.

How come the directors still don't buy? Answer that and you have all the answers. I KNOW that Boon, Marchant, Cattermole and McConnell are all seriously wealthy.

Chris Creighton is President Nth America, A&NZ & Asia - ie the world excluding Europe and has very modest holdings.

Maybe the insiders know more than you and me. Don't look at what people say; its what they do or don't do that counts

Good luck.