breaking news ...street talk p22, page-42

Towie, if the original post of this thread is correct, BBI will dilute to one-half of one cent in value. Even if you use really optimistic assumptions about the rights issue you are then entitled to, I don't see the math that makes BBI in any way a good risk and reward.

BBI won't be able to vote on anything. As I think Dargie guessed, part of the BEPPA conversion will probably include a vote on the deal. Once BEPPA dilutes out BBI the original BBI will have no effective vote. In effect they will combine an approval of BEPPA conversion and a vote on the overall deal so that BEPPA holders will drown out existing BBI.

Back in late 2008 and in March 2009 there were so many positive scenarios that could have resulted in 10 times your money upside. Risk was 3 cents and reward was 10 times that. Now you have risk at 5 cents and what is your reward? If everything goes your way in this deal you get a BBI share price maybe around 5 to 6 cents? If a miracle happens maybe you get a BBI share price of 10 cents? 5 cents down and 1 cent up is not good risk and reward balance.