Yes, finch. MBN, on its last legs, just raised $20m- at a...

  1. asf
    9,887 Posts.
    Yes, finch. MBN, on its last legs, just raised $20m- at a premium, no less- from some company, and is attempting to get $100m from retail investors. If PPX doesn't raise capital, and fell into Admin, they would be nuts. HST was probably unable to raise capital, due to "discrepancies" in the accounts, but everyone wants PPX to survive. If MBN can get support, PPX should be able to.

    PXUPA is an interesting kettle of fish: they certainly act as a poison pill to moves forward for PXUPA, and it is in PPX's interest to get rid of 'em. However, if it is going to take until 2019, as someone recently made an assumption in a paper they wrote, can PPX survive until then? it is all very well getting some compensation for the first 10% say, but what would the price/value be for the remainder?

    Having said this, they do look tempting to me. There isa possibility of "missing the boat", I guess with June 30 fast approaching. They are just cheaper each day right now.
 
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