"Ifandwhen.....Thanks for posting the articles. Have read thru...

"Ifandwhen.....
Thanks for posting the articles. Have read thru and not sure if I can decypher the expected $ to BEPPA holders - do u have a view?"

I cannot see how a performance based fee structure is going to work when the controlling seller also has possible interests as a future part owner.

The fags Grant Samuels slurpy figures are out the window as far as I am concerned. Only a truly independent industry audit of the price earnings ratio is going to arrive at a realistic figure and so far that is mentioned as being 56m available to Beppas. That figure is in my post along with how it came to be there.

The benefit of Bronte applying a case of foot in mouth disease to BBIG PIG is threefold.

1. It came at a time when the benefit if any, of the AETD distributions could not be well enough calculated to alter the offer made to Beppas at the time, so it was added, the "extra", the sweetener that was expected, albeit at little or possibly no cost to anyone.

2. It firmly planted Beppas prospects in VA in the correct order of merit and finalised the "pre-pack" nature of the recap so now everyone knows precisely where the bits will go in a VA scenario, (3) much to the horror of those who would have otherwise jumped the AETD queue.
Well done Bronte...
This had the effect of endorsing this recap all round which was then reflected in the Beppa price.

ifandwhen

holding beppas