No, not an investing buy, but there are other criteria. In 4...

No, not an investing buy, but there are other criteria. In 4 weeks or less, there will be major news for PXUPA. So, one could buy thinking that there will be a partial hybrid buyback at face value- 10% at $100? Or that there could be a capital raising to buy back more later; or that there could be an offer at "fair value" for PXUPA- that's $34; or that the unknown and missing suitor of PXUPA who offered >$21 could come back with a higher offer, and PXUPA holders could vote for that.

The question for me is how much down side there is. Hard to buy @ $9 if the hybrids are going to fall more. There is a possibility of upside, though. The market is very bearish on these. Person or persons has been buying them, though, and one never knows what they will vote for, if it comes to it.