Hi Jack,I disagree on the reputational damage that would be done...

Hi Jack,
I disagree on the reputational damage that would be done by suspension of the hybrid.
They are not debt in the traditional sense.
Hence "hybrid".
And remember, the directors are supposed to be there for the ords holders.
It doesn't serve the purposes of the hybrid holders either, for it to go broke.
A suspension of dividends and a buyback makes sense for the company.
I think it will happen, just not sure about structure of payments or price.

hold pxupa only