Thanks for clearing that up. I don't believe anything can happen until after DBCT sells. The Directors could also be of the opinion that BEPPA is a non-issue. It's cheap finance.
Why bother offering anything to BEPPA holders?
Do management care about dilution?
Are management more concerned with survival and having an ongoing well paid job than the dilution of existing securityholders?
Is this latest spike in BEPPA just someone with big pockets having a punt?
Is it true insiders buying knowing what is imminent?
Is it HC followers getting excited?
Maybe Theon is right and it's not related to any restructure proposal?
Time will tell.
going short, page-8
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