Never let the truth get in the way of a good argument...

Never let the truth get in the way of a good argument Bluefurmonkey .

is it a Final Offer . Absolutely , No confusion . It is in print so those who accept , and PPX holders have rights to ensure no future offer is higher .

Non cumulative . Absolutely , until PPX is repaired PXUPA are a zero coupon bond with no repayment date .

The downside for PPX shareholders of course is that there will be no dividends to PPX holders .

PPX will however have the opportunity to repay bank debt , top up the super fund shortfalls , repair loss making countries , and wait till a lack of profit and cash flow generation at this point is no longer a treat

At this time PPX shareholders don't seek dividends they seek the company to fix the operating business and pay down bank debt .

PPX shareholders supported the decision that forced the Boon led board to cease PXUPA distribution and preserve cash whilst it repaired operations .

This board offered PXUPA holders a lifeline , much to do with GrahamCC canvassing and a promise made by Price to try bring the parties together when he sought election .

He has kept his word by offering up 50% of the cake to the hybrids , who f they accepted would of had control of the company

PPX have tried to be fair but for those that have declined acceptance now the board must continue to act in its shareholders interest and that includes those of us who have accepted to accept the the 250 for 1 offer .

We that chose to accept now have increased voting rights to ensure this board sticks to its word , and they stop spending any time on the hybrid discussion and spend all their time in and on the business .

This includes reducing the gross cost of purchasing from the mills , benefiting from the synergies of having the single brand , getting the bank debt down , increasing non paper sales , repairing UK , Germany and any other countries making losses ,and add where appropriate to the reduction in FTE employees by more than the current 500+ that has already occured under this board .