BluesYou haven't missed anything. I've been involved with PXUPA...

Blues

You haven't missed anything. I've been involved with PXUPA since 16 May, and my position is well documented on this forum.

IMO, its all about sentiment. Until PPX goes into liquidation, PXUPA is a screening buy. Even with PPX in liquidation it remains value. The numbers speak for themselves.

PPX has been a dog for 8 years, fallen out of ASX100 & then ASX200. At a market cap < $100M, no broker is game to invest in research to identify whether the current price action is a reversal of fortunes in progress, or a dead cat bounce. Imagine ringing a client and calling PPX as a buy!

PXUPA is simple - put in $30 & take out $100 + distributions until something dramatic occurs.

QED