Well done to the PXUPA holder that after many months finally was...

Well done to the PXUPA holder that after many months finally was taken out at $16

In considering Firsova's 20c and 250:1 I have always thought that PXUPA at $50 might get some traction, but IMHO this would need to be $50 in the pocket.

It is a while since I have done the sums but PPX SP would be impacted by a straight conversion eg a 50% dilution if all converted at 250:1

There however will be (I expect) a positive impact on the SP by the removal of the PXUPA debt from the balance sheet at a discount

Anyway, things looking a little better for all atm. Let's hope it continues.

PXUPA only ATM