SRS spicers limited
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Kiril,Not sure why you think SPS holders were not looking for...

  1. Blues234
    462 Posts.
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    19/01/12
    18:46
    Post #: 9573244
    Kiril,

    Not sure why you think SPS holders were not looking for this position because it is clearly one of 3 options on a change of control event.

    At least it gets conversion at $100 per SPS ie ~ 1500 PPX per SPS which would probably be followed by a consolidation.

    Unfortunately this option completely wipes out existing PPX holders equity and represents the worst case scenario for PPX holders, and very unfortunate for those PPX holders that believe there is a future in PPX.

    SRS Price at posting: 6.8¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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