I agree with above posters:
- 250:1 and $100 wont do it for PPX
- better to own 10% of something than 100% of nothing
- cleaning up the capital structure is required
- etc etc etc
If cash is not available to pay out PXU then perhaps 1000:1 may do the trick?
Which leads to another poster comment/belief that:
"the board are doing what they think is in PPX interest"
To which I will disagree as if the board approved anything greater than 250:1 they lose their jobs.
So whose interest is the board working? As (I fear) for all boards - themselves.
PXU only
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- submission by costal
submission by costal, page-13
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