BBI babcock & brown infrastructure group
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annoucenment?, page-50

  1. ejd99
    1,552 Posts.
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    10/03/09
    12:08
    Post #: 4884996
    I guess I am disappointed that no cash was offered to SPARCS.

    I know there is a sweep but why (Probably know the answer is Banks) couldn't BBI offer 10c in the $ now for those who rolled over to Nov 2010, and then pay 8.5% in lieu of 10% for the remaining 90% ?

    This would have cost a measly $7M (and they have the cash for this) and sent a clear message to all bond and shareholders.



    BBI Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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