Hi That maybe so but for Melua to continue pushing the line that BBI is a basket case so hard is very frustrating . The Facts are all interest rate payments are being made on time ( Meluas statement ) on nearly 10 billion dollars worth of debt . There is excess that is being used to pay down debt ( The Sweep ) there is possibly 500 million of debt that needs refinancing soon . Positives a large buyer who has been buying BBIs in big quantities and I was happy to see the 10 million plus BEPPAs sold on friday without destroying the shareprice. I would think that the cornerstone investor is a plus as he has his eyes on the assetts of the company which he can get control of cheaply. BNBs BBI large holding would be available but I doubt that the banks would want it sold at these low levels. I will be holding until I know the full story. Still looking thru my Rose Tinted glasses forward to the AGM for those back slapping drinks most were talking about 10 days ago DYOR Cheers Towie Interesting mondays trading comming up
BBI Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
