Yes indeed, looks a bargain. Two choices IMO.
A distressed holder is being sold down account manager.... ouch! This is most likely given the apparent disregard for value and large volume being steadily fed out by one seller in an orderly fashion.
Or inside trading on the news that PPX will stiff holders and withdraw interest payments. This looks unlikely as it is an absolute depserate last resort by the company, akin to defaulting on debt really, and the PPX heads haven't crashed into the abyss as they would if dividends were being suspended. So soon after capital raising looks unlikely that insiders are leaving a sinking ship.
I picked some up so now watching with interest.
goodluck holders
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