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  1. deadfish
    235 Posts.
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    22/08/12
    14:11
    Post #: 10606119
    The announcement of a possible buyback of the hybrids was just a foil to take the pressure off them.

    If I was a PPX secured creditor, I'd be feeling very worried. There is NO way a secured creditor will give PPX the latitude to buy hybrids.

    The co is at the mercy of the banks and they don't have to do anything with the hybrids.

    SRS Price at posting: 6.6¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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