Thanks Finch
You put it far simpler than me.
Guess that means PPX = $0?
The same happened at Babock and Brown Infrastructure - Even though BBI worth 0c per share they were paid a few cents when the coy was restructured - with the $ coming from Pref share holder pockets.
Expect the same would happen here so the $88.21 would get a haircut. No winners in this scenario.
PXUPA Only
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