Well if the SPARCS holders have been selling, the market is certainly having no trouble in absorbing them.
I was fascinated to see GPG (a NZ investment company) buying up to 10% of BBP in the past two weeks. Fascinating actually, with BBP looking in a pretty tricky spot. The bad news does not seem to have stopped them. If they really wanted, they could quickly march to 20% of BBP without too much resistance.
It does make you wonder whether they are looking at other distressed BNB satellites to see if they are any entry points. Bear in mind that if they were to buy any BEPPA's that it does not require a SSH because they are not voting securities.
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