melua's bbi restructure, page-31

I think that everyone is shying from the main point.

The Company has no interest in unlocking shareholder value for the benefit of BBIs Beppas BNB010 or BNB020 or Sparcs. They are all issued, done and dusted, until such time as they become individually attractive again.

The Company is only interested in remaining upright for as long as possible with as few support expenses as possible on the way, until trade picks up.

The banks on the other hand are completely absorbed by obtaining as much return as possible on whatever they can claim as their own, and while other applications for credit are light, stringing along a life support patient is no doubt comparatively lucrative.

If management can balance their way through this mess, it will only be done with outside assistance, financial planning and strategies, associate rescues as we have seen recently, and possibly some timely hat rabbits and part sales.

Only an improvement in global trade volumes will underpin the survival and that will force the investors back into the market when the returns from companies exceed those from the banks.

Timeline... 2 - 3 years.

All this forum driven speculation of restructuring to maximise shareholder wealth is no more than comical light relief if they can be bothered to read it. Apart from the AFR article which could have been spawned from absolutely anywhere, there has not been a blip of information anywhere else, even though such a move is the flavour of the moment.

The Beppa and BBN0X0 prices are reflecting the fortunes of the company, both up significantly over the past months.

Providing hypothetical scenario announcements is so fraught with misinterpretation that no news is better than selective misinformation in the marketplace.

The company was structured to avoid takeover and so far that appears to be working.

I doubt the Beppa dividends will be reinstated any time soon, and so the 'event' may occur as allowed.

ifandwhen

APA BBI BEN BEPPA EWC FMG ORG PAX TOL WBC

why do you reckon Berkshire Hathaway are moving funds from equities into bonds. ?