IMunroCome clean you will accept less than $100 wouldnt you ? I...

IMunro

Come clean you will accept less than $100 wouldnt you ?

I also bet that you didn't pay $100 , and dint buy based on the PDS , but paid but more like $10 and knew exactly what you were investing in

To many PXUPA holders are simply here to cause PPX despair to try force them to pay more than they paid , almost a blackmail strategy

Unfortunately for PXUPA holders the board of PPX first responsibility is not to PXUPA , but the business of PPX and its shareholders .

If the offer of fair value is not accepted I suspect PPX directors will get back to running their business and ignore hybrid holders again just as Mr Boon did , and over time repair the PPX business and then come back to hybrid holders when the stock is say 40c , and offer 50-70 PPX for each hybrid

Where as now if an offer of 100-200 was accepted hybrid holders could get the upside lift of a repaired balance sheet and end up with 50% of the company compared to the 10% odd level they were representative of at the time they were issued