they going broke or something?

So much bad news in that AGM

MELBOURNE (Dow Jones)--Australia's PaperlinX Ltd. (PPX.AU) said Tuesday that
its earnings in the fiscal first quarter ended Sept. 30 were well below those
for the same period last year.
The company doesn't expect to see any improvements in market conditions in the
current calendar year, Chairman David Meiklejohn said in an address to the
company's annual general meeting.