beppa in 2012, page-72

sorry, to add further to the last post.

The main dilutory bonds/debts are:

NZ Sparcs bonds $110M
NZ BBI Networks bonds $150M
BEPPPA Prefs $700M

Show the market to have a plan to mitigate these, BBI ods will then be off and running.

However BBI would need to eliminate each and every form of non recourse debt to begin tackling these debts. There is no way a non recourse lender will give priority to eliminating these debts if they are lower in priority.

Let's have a big asset sale........