Yeah that would make sense. BEPPA has a face value a deadline, as well as interest in arrears so its logical that when BBI's ongoing concern is unimpeded that it will skyrocket. Yeah, your strategy is quite sound and profitable, melua if everying goes BBI's way ( as in getting DBCT sold for a ripper price).
Ride BEPPA and then convert to BBI ordinary shares, as they do not have a $1 limit.
facts, page-9
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