Regarding buyback of PXUPA.
It can probably be done.
Have a look at AGI - they have 8% convertable notes with a face value of $1.30.
AGI declared a buyback when they were trading around 80c,
This buyback slowly increased in price to face value.
I expect it was profitable for them because the bulk would have been bought back under face value.
Unfortunately for me I was not patient enough and sold (still at a small profit) before the buyback.
Its hard to be patient but it can bring big rewards.
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Regarding buyback of PXUPA.It can probably be done.Have a look...
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