The PPX threads are cluttered with postings about hybrids and...

The PPX threads are cluttered with postings about hybrids and their conversion etc.In my view this is irrelevant and the discussion should be about the results.No deals will be done until the company is profitable.How can you convert or do a rights issue unless you can convince shareholders and banks that you are making a profit or close to it.The results although a loss appear to be improving.The share price has reacted accordingly.They are forecasting a return to profit in 2014 is it possible?