the buying continues, page-12

No doubt some of the assets are very good. That's not the issue here towie. The issue is who will end up owning those assets? Existing holders, the cornerstone investor or the banks? I'm not saying it's all over red rover yet but BBI are in a very precarious position. Surely you can see that. If you are in any doubt, please read the last announcement made by BBI. They "might" come out of it and survive but where's the risk/reward? The potential downside from here is 100% and the upside very limited due to the impending dilution. That to me does not warrant any position whatsover. I'm a value investor, not a mug punter/wild speculator.
I'm prepared to put in a large six figure amount but no way before any deal is finalised. I have my funds deposited and at the ready for any placement that is stitched up. If a deal goes through there is big money to be made. I just want in at the right price with the risk of administration gone, not the current price.