Thanks Boomer and ASF,Good comments as always from you...

Thanks Boomer and ASF,

Good comments as always from you both.

Depends on whether you consdier PPX will pull through or not. As a PXU holder, I'm not overly concerned either way and hope all works out well for PPX holders.

The scenario I was looking at for PPX holders was where PPX survives and removes PXUs for any consideration.

The trigger I see for PPX holders at the moment is the opportunity presented by the low PXU price where PPX may be able to drive a good deal on any PXU buyback.

If PPX implodes then PPX holders will get $0 and PXUs will get less than face value but I expect upwards of $40 depending on how full the vultures get and what tricks get played.