Goods news for hybrid holders and truly bad news for PaperlinX's senior management.
An ASX release by The Trust Company (RE Services) Limited is here.
PXUPA Holders have no problems with PPX Holders and the other key stakeholder in PaperlinX, embattled employees; however many hold a disdain bordering on less publishable emotions about the abuse of hybrid holders meted out by successive boards of PaperlinX.
This board is as guilty as the rest.
AS regular readers know, I'm a member of the Steering Committee of PXUPA Investor Group Supporters (PIGS).
On Tuesday July 17, 2012, I attended the inaugural meeting of the Investor Committee held in Sydney with remote attendees hosted by the Trust Company in Melbourne and Brisbane.
The writer attempts to keep a Chinese Wall in his head between suX, publisher of PaperlinX-suX, and Graham Critchley investor and member of the Investor Committee.
There has been a lot of good work behind the scenes to form the Investor Committee. Expect a press release from PIGS' convenor Gaby Berger soon.
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