Your emails for the last 12 months have been arguing how great the assets are and undervalued......"
"They are great assets but that's not the issue now. Massive imminent dilution is the issue and the alternative is administration. If people cannot see how quickly the situation has changed and how dire the situation is, then they should not be investing. They are simply shark bait. The market will murder people who have no idea."
I agree with your comments above.
Our point of difference is that you express the outcome as a certainty whereas my view is that Beppa will need to be convinced there is more economic sense in a CI than a wind up. No-one can force Bepppa to convert it will need a vote by everyone so there will need to be some value put forward.
Starting question for Beppa is what happened to the $1.7bn of equity ranking behind us??
Next question is why should we agree unless we can participate in the equity raising??
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