bbi eps limited, page-26

One of the saddest things that has happened was the shaking out" of BEPPA holders following the cornerstone announcement. Many of these people had built up considerable stakes in BEPPA against a tide of grim news but were finally panicked into a state of despair by the reckless fear mongering of the lunatics and a few previously well regarded posters.

But with BBI EPS Ltd having 70 cents of value per BEPPA and the BEPPAs also having a subordinate guarantee from BBI these previous BEPPA holders (with their battered faces now pressed up against the glass watching the glittering party inside) may be entitled to feel hard done by.