I’m glad you found Webinar 1 informative. Just wait for #2 on August 27.
I had expected our meeting would remain private. One of the reasons I'm so informed about the business of PaperlinX is that I'm trusted to hold confidences. Not to worry as I have nothing to hide.
Correction 1
You say: “Graham has been in and out of PPX and traded PXUPA from what I recall in the conversation I had with GrahamCC recently over coffee at the crown casino”
I bought and held PXUPA, never traded.
Correction 2
I've never bought PPX. I attended the 2012 AGM holding a proxy.
The management of listed companies carefully monitor their share register. I’d be crucified by my opponents if I “traded” PXUPA or PPX.
Correction 3
The words of the PIGS presenters were and remain factual.
It’s relatively easy to comment here on HC, but there is a different duty of care when publicly challenging two listed entities, PaperlinX and The Trust Company.
Correction 4
Many folk here, and seemingly you, still confuse debt and equity.
Investors principally buy debt instruments for income and hopefully preservation of capital. As a hybrid, PXUPA is a complex beast, but one thing is certain – the figure of $100 won’t be going away.
The difference between the market price of PXUPA and $100 is a reflection of its “junk debt” status.
Junk debt is also a legitimate investment – check out JNK, Barclays High Yield Bond ETF, listed on the US market
