"I just saw this on the Gunns forum- a post from someone who converted GNSPA (debt) to equity (GNS). Post #: 8579906 Food for thought for PXUPA holders if the worst eventuates. "
That post was mine. Its not that I converted GNSPA to GNS - it was to be done by edict of the Board in October.
Whether that will now happen under administration is moot but irelevant since either way there will most likely be nothing left for the GNS or GNSPA holders.
Guess what I also hold PXUPA!
Does the trust deed of PXUPA allow the board to decide unilatterly to convert the hybrids to equity?
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