Note how the releases are putting a heavy emphasis on the hybrid...

Note how the releases are putting a heavy emphasis on the hybrid PRICE ($8.10 blah blah blah), rather than the hybrid VALUE (as outlined by Kommissarrax).

So now we know PaperlinX's (and most likely the RE's) ambit position. And having blinked first, it indicates to me that PPX is in a far weaker negotiating position than the hybrids.

On that basis, there is no way in the world Pigs, Sux and other PXUPA holders will accept anything other than a multiple of the "value" ascribed to the hybrids.

[PXUPA only - and I'm glad]