will it be a yes or no vote on monday?, page-3

close.

Too many unknowns to call.

BBI could have won this easily if they had put some thought (and care) in to BEPPA right from the start eg established BEPPA heirarchy in AETD (which Bronte had to do) identify any potential $ from this process and guarantee a minimum amount to BEPPAs. Also let SPARCS (possibly banks too - but only a little) feel some of the pain and not lump it all on the BEPPA.

BEPPAs only really got 37c/$ as the 6c was deferred dividend.

There is also the ~ 14c of BEPPA $ paid to BBI holders to be considered.

With a little thought should have got it up to 70c for BEPPA which IMO would have won the day.

Now depends on what the average buy in price for hedge funds friendly to RBS is and what they have valued the AETD and any expected PIG benefit at, or is there any other play they are making?

BBI had its chance.

If another vote is required let's hope they get it right next time.

Good luck to all.

holding BEPPA