In addition, if BBI ord holders are deciding to vote NO on principal and get 0c verses 3.6c now or 4 c on recap then they should also not be in the ASX.
Why 0c ? Well BEPPA, SPARCS and Bonds will get $1 + in VA before BBI get 0.01c and the chances of BEPPA getting the full face value in VA after bank debt cleared is nil in the current market.
It's game over for BBI ords, and if you are unhappy (and I'm sure there are plenty), take the money, buy an airline ticket and attend the AGM. This is where you can make the directors squirm in front of all the other stakeholders.
Dis: Small amount of BEPPA only.
BBI Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
