The AGM showed that the shareholders back the current board .The...

The AGM showed that the shareholders back the current board .

The vote of no confidence for the new director trying to get on board was laughable

The board seem confident they can turn PPX around ,it is a shame in my view the hybrids end up with 56% of the company if they do , and the shareholders of PPX who have suffered the biggest loss under the old board are so heavily diluted

The PPX have been 100 -150 shares for 1 for almost 2 years .

I know PIGS and crew wont accept the offer of 250 PPX for 1 hybrid , however this is a huge offer and more than fair in my view .

I suspect that once PPX get the first 25% of the hybrids they wont be as hamstrung and the price of the hybrids will drift down again towards the 100 -125 where it should of been

Hopefully PPX will put a timelime on acceptance and recall the offer once they pass that date