my bbi valuation / dbct sale flows, page-83

Rice,

I believe that BBI could easily trade >50c in a couple of years time as long as the BBIs weren't likely to be heavily diluted. They wouldn't be heavily diluted as long as BBI are trading at >50c. BBI are on the wrong side of a conundrum.

I am sure the market won't look purely at fundamentals as reset/conversion approaches, it will look as the chances of being diltued and hence the price will react accordingly - and yes this process just feeds on itself.

OR....

The company can assure people that Beppa conversion won't happen through appropriate asset sales etc. I think that is quite likely by 2012. BBI can easily trade over 50c in that case.

OR...

Just by Beppa and stop worrying so much. (as you have).