which is true? ask at agm, page-6

jamwolf

We've already been cut adrift for 2.5 years during which time the NTA per PPX has fallen from +27 cents to (4) cents, and that's after missing four distributions amounting to $42.8m or 7 cents per share. Do the maths.

What do you say to that?

We can wait but the board cannot. Read the Chairman's & MD's addresses then convince me otherwise.

Moral of this story - Never bluff when holding a pair of deuces.

firsova

I earnestly suggest you read Why Warren Buffett Prefers Preferred Stock at Forbes Magazine. http://www.forbes.com/sites/investor/2011/09/02/why-warren-buffett-prefers-preferred-stock/

Maybe then you'll understand the PIGS position.