Cleo, the share price would depend on the ratio of PXUPA to PPX....

Cleo, the share price would depend on the ratio of PXUPA to PPX. Most companies don;t go on share price, but market cap. So, PPX is currently price by the market @ $33m @ 5.4c. If PXUPA swap "debt" to equity, there will be a gazillion PPX shares, which would make for an inevitable share consolidation. What would Paperlinx then be worth? It would be worth whatever it is without the PXUPA liability, which would probably be more than its current market cap. However, with the new shares on offer, the market cap would rise substantially- from that alone- so the market might drag it down again. PXUPA is not the only problem for Paperlinx, the company. It will just provide a more suitable capital structure, or whatever they will call it. If Paperlinx have been relying on PXUPA money, then there will be no more PXUPA money, so the company will have to raise cash, probably.