A point of order: Sux people are not trying to write it down to $34-I think they're after a comment from the Trust re the recent write-down in value in the PPX annual report and release of the 'Independent Expert' report pertaining to that. In other words, they're asking the Trust to discuss their understanding/thinking in regard to the value ascribed to PXUPA by PPX.
As I see it, the PPX brand is severely tarnished by witholding payment to PXU. This will affect them going forward insofar as banks would be very unlikely to lend to them and IMO only woodducks would stump up for any new shares unless it was specifically to resolve the PXU issue. I do not see how they would be allowed to buy back PXU on market when witholding interest payments-just think about the moral implications of those actions and the effect on the business community as a whole!
PXU only
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