The devil is in the detail and we don't know yet. I'm comfortable holding BEPPA (wish I had SPARCS) and will probably close out my short on BBI when it resumes trading. My short was taken with the view that BBI were on the way to oblivion (which they were and still are if the deal falls through). If enough cash is injected, that will not be the case. The long BEPPA holding is far important to me than the short BBI position.
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