scenarios, page-16

well reasoned jonkey...i always like your posts

Question....why the hell would a sparcs holder convert to BBI in the next few months and get bugger all of nothing??? WHY??? They should wait til November when hopefully all our corporate debt is payed down then they can get their money....ALL OF IT!!! Maybe management is trying to tell them that conversion into BBI shares is not worth it.

If management can make these 2 freakin big asset sales (pd ports and DBCT 100%) and pay off all corporate debt, AND minimise conversion to less than 10% that would be a big win.....

sparcs holders could then be assured of getting 1 kiwi peso at the end of the year PLUS extra interest at 10%....