I acknowledge PXUPA for what it is, and that PPX has the right...

I acknowledge PXUPA for what it is, and that PPX has the right not to pay distributions.

Like shares there have been some failures, but there are however heaps of hybrids out there working as intended.

I have simply been trying to point out that IMHO not paying distributions to PXUs has no net benefit to PPX and may actually place PPX in a worse financial position.